This is a late post. During the sell-off in Asia & emerging markets, I bought some Indonesian stocks on 3rd September 2018:
Bought 6200 shares of Indofood CBP Sukses Makmur @ IDR 8,700.00
Indofood CBP Sukses Makmur is a consumer staple company, well known for their instant noodle: Indomie. The company major stakeholder is Anthony Salim, who is one of Indonesia richest man. Their revenue and earnings had been growing year by year and they have low debt.
Bought 15400 shares of Telekomunikasi Indonesia @ IDR 3,510.00
Telekomunikasi Indonesia is the largest telco in Indonesia with Indonesia government as the major shareholder. With growing population and middle class in Indonesia, their revenue and earnings had been growing.
Yaruzi,
ReplyDeleteYou are not the typical Singapore born and bred retail "investor"!
Got HK, British, US counters, and now added 2 more Indonesian counters?
You are not parochial when it comes to your investment scanning!
Cheers!
Hi SMOL,
DeleteI also have Australian & Germany counters, lol. Though Singapore is a good place to hunt for dividends, but there are not many "dividend growth" choices. Before I bought Indofood CBP Sukses Makmur & WH Group to increase my exposure to consumer staples, it seemed the only choices available to me here is QAF & Thai Beverage.