I have made two bad investments.

They are Sinopharm (1099.HK) and Top Glove (BVA.SG) quoted in Hong Kong and Singapore respectively.

I lost more than 10% of the invested sum over the past two weeks. I invested about $80,000 in each stock, so my loss is more than $8,000 SGD in each.

Why did I invest in these stocks?

My reasons are set out below.

Sinopharm
Top Glove


I will keep them for the dividend yield (4.5% for Sinopharm and 5.7% for Top Glove) and wait for their recovery. When they report good results, the prices will recover (hopefully).

They represents good value at the time that I bought them. They should represent better value now. I will carry out a further study to see if I should put more money into these stocks.

Note - this is my observation. I am not giving investment advice. 

Tan Kin Lian