dchua1969

Stable, good dividends Company to invest

Long
SGX:G07   GREAT EASTERN
There are so much hype about the global inflation stories ongoing every day that could create too much noise for investors.

I find financial institutions with good dividend payout, stable cashflow and a proven business model attractive as a form of defensive play. Great Eastern happens to be one of them.

After 2 long years of downtrend, it has now settled at the resistance turn support level at 20.48.

I expect price to continue going up slowly and nicely over the years.
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