$Singtel 5xLongSG280307(XNEW.SG)Singtel is still one of my higher conviction trades at the moment. Price has been respecting the uptrend and every pullback so far has found buyers instead of turning into heavy selling. That tells me the momentum is still healthy. I’m not expecting a straight line up, but as long as the higher lows remain intact, I’m comfortable holding the position.

On the fundamental side, I also like where Singtel stands. The business generates stable cash flow, continues rewarding shareholders through dividends, and has exposure to regional associates that can support earnings over time. Compared to some of the more speculative sectors, the downside feels more manageable while still offering decent upside if sentiment towards Singapore equities continues improving.

I’m using the DLC simply to gain more exposure to the move, but the conviction comes from the underlying company, not just the leverage. Unless the overall market structure changes or my original thesis is proven wrong, I don’t see a reason to rush this trade. Sometimes the best returns come from letting a good position play out instead of taking profit too early. Let’s see if Singtel can continue leading the next leg higher @Captain's Treasure