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3 Shares You Should Have Held On To

Investing mistakesBuy and hold is dead. Or so some have claimed. Some investors sell their shares the minute it sees a positive return in order to cash in on that return. Others might sell the minute it starts to fall to prevent further losses.  Despite renowned investors such as Warren Buffett and Peter Lynch waxing lyrical on the benefits of patience and the merits of staying invested in the market for the long-term, many still sell their shares prematurely. Let’s take a look at three shares that an investor should have held onto instead of selling.

Dairy Farm International Holdings

Dairy Farm International Holdings (SGX: D01) is one of the largest retailer in the Asia Pacific region. It operates supermarket, hypermarket and health & beauty stores. Back in 2002, Dairy Farm was a small retailer and a penny stock, trading for less than US$1.00. Over the years, the company has transformed itself through acquisition and organic growth, into a multinational and multibrand retailer. The company closed trading yesterday at US$9.84, giving buy and hold investors in excess of way over 1,000% gain.

Genting Singapore

Genting Singapore (SGX: G13) operates one of the two gaming resorts in Singapore, the Resort World Sentosa. It is a subsidiary of the Genting Group, which is owned by one of the richest families in Malaysia.  In 2001, the company, then named Genting International Inc, was just an investment company with annual revenue of US$6.5 million, with its share price trading at a low of S$0.12. Since then, the company has won the bid to build Resort World Sentosa, and as of yesterday, the company’s shares closed at S$1.32, creating a possible ten bagger for investors.

Ho Bee Land

Ho Bee Land (SGX: H13) is a midsized local property developer. It started out in 1987, with its first project in 1989. Through the years, the management has been able to grow and diversify the business. Today, Ho Bee Land is an international developer, best known for its iconic project, Sentosa Cove. Ho Bee had its initial public offering priced at S$ 0.48 in 1999. The company IPO at the peak of the dot-com bubble and got caught with depressed share price for many years after that. During the 2002 and 2003 period, the company was trading below 20 cents. The company closed trading yesterday at S$2.11.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Stanley Lim doesn’t own shares in any companies mentioned.