Have sold 60% of my stake in Booking, as I find that the valuation is a bit expensive. After sale, Booking share price rose by 2+%. Perhaps it is not good idea to sell good companies. Well, we will know about this after a few years.
Have bought a small position in Semb Marine using CPF OA funds two weeks ago at $0.121. The current price is lower than purchase. I am looking to purchase more if price falls to $0.10. Reason for purchase is that Semb Marine's earnings should be much higher 5 years later given the upcycle/demand in wind structures, LNG carriers etc.
It may be good to buy stocks with a lot of pessimism, but the company will have higher earnings 5 years later.
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