
broke all time high 474, now the sky is the limit. now fund manager coming to dress their portforlio again for year end.
steady also when other flies. check below 2 year charts, comparing STI, SPH (t39) and Singtel (Z74) , both are heavy weight on STI index
elephant superb steady...
Thus, never call a fund manager "stupid"... hehehe... 

true, they are smart. in fact it is wholesales volume game...
Yeh...they just dump stocks during monthly/quaterly closing period to lock in whatever profits on their portfolio so as to maintain/outperform the benchmark in order to get a bigger performance bonuses....but they can't hold on too much cash thus, have to buy back the same shares the following month i guess.
This incident I observed last Friday also happens to other counters like SuntecReit, MMPReit, SMRT, Singtel - although on last minute upside, just to name a few.
How can one call a fund manager "stupid".... they have their reasons for dumping...

Expected the rebounds as the company fundamentals is very strong...

that's right - gave us a fright !
back to normal again, stupid fund manager creating alarm for retail.
Open at $4.62. Will it test $4.70 today?
Today's price should rebound back. How much will move ????

Yes xingglobal, usally the price will drop after XD unless there is some good news...
Don't think it will hit $5 so soon unless there is some good news....
Dividend Ex-date :11 Dec 2007
corporate player short sell... then they buy back again...
going to 5 bucks before year end...
If you look back at the price pattern of SPH, the price will drop after XD....
Just a personal view...
AGM usually does not exite investors as the agenda has been revealed earlier. EGM or special meeting might. Is there any share buy back?
On point to note is that SPH will be having it's AGM on 5 / 12 / 2007. Dunno how that will impact the price. Peopl are talking about a share buy back etc.