lesson learned from SIIC

MilkTeaBro
02-27

SIIC Environment $SIIC Environment(BHK.SI)$ $SIICENVIRONMENT(00807)$ went to tragedy today, the Q4 earnings per share dropped 90%. It is a wastewater treatment company, public utility sector. It should be a profit stable company, but... One of the reasons is the increased financial costs due to USD and HKD debt high interest rates.

The press release document didn’t give a clear explanation and outlook.

I can’t image next year financial report. I can’t accept the company management’s explanation. So I sold it out all on the first trading day after the financial report release.

I held it 900 days roughly 30K market value, in the end only got 4K dividend profits, zero capital gain.

The lesson learned from SIIC, dividend core portfolio should be ETF; Need to be cautious to add too much individual stock position in whole portfolio for long term dividend income. Diversity individual stocks portfolio and gradually trim down highest position stock at profitable phase. It could happen that a company goes wrong in a studently surprise.

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