A quick look at Singtel

Updated 17/3/2018
Since my last post, I have been monitoring this counter. Just early this week, the opportunity came with the strong support at $3.34 formed. From the chart, it has tested this price range twice, thus forming a strong support. This counter has corrected for sometime, and has finally found strong support at this level.
If it breaks this support level, then we will be looking at the next level of support. Do not rush in as there is also a strong resistance at around $3.65 range. (Vested)

Recent actions from these 2 markets(Dbs, ABC, Comfortdelgro)

We are into the 2nd month of the new year, there is no change in my strategy, still very much using Prof Joel GreenBlatt's magic formulae. I have taken less position in SG market and moved more into the Chinese market. As US is becoming more inwards, China is taking advantage of this to expand and fill these gaps. In the long run, my view is that this will be positive and will benefit the Chinese market. One can invest through the A50 or CSI300 ETF.

For the SG market, I have taken profit on my DBS counter. As per my earlier post, this has been one of my best performing counter due to the recent rally.
For the Chinese market, I bought into Agricultural Bank of China (ABC) last month as the PE is low compared to the local banks. It was kind of disappointing when the rally happened so fast and the price spike up too high and within short span of a month. I decided to take profit.

One of the stock which I found attractive and cannot resist(in the local market) but to take a position is comfortdelgro. I have read few blog posts on avoiding this counter, I respect their point of view. However, market is inefficient, thus the beauty. 

Market may be ripe for a correction with the 130 year old curse

Time.com called it the 130 year old curse of the stock market, and it is referring to the unlucky 7. For full article, please refer to here. Why unlucky 7? If you looked at the historic of the US markets, during these periods of 2007, 1997, 1987 and 1907, these were the bear market with the biggest correction.
Expanding on the above, Dana Lyons, a partner at J.Lyons Fund Management wrote a blog post with the observation of the magnitude of the  correction for each of these periods and more. You can read more of his blog post here.
Below is a tabulated extract from his post.

Few more weeks and we will be out of 2017, and the curse will be broken?