Maiden entry in ST Engineering December 2017

I have been looking out for stocks to buy since selling off some of my Keppel Reit this month. Yesterday I made my first entry into ST Engineering. ST Engineering has been a bell weather stock on the STI for many years. It is one of the 30 stocks in the ST Index and have traditionally held up well during bad times. One noted phenomenon was that during good times it has a tendency to drop some. This seems to be the case now as the Dow Jones and STI hit their highs. Anyway this is the first of what I see to be maybe many entries. Paying an increasing dividend over the years (currently $0.15 a year) it is one of the rare stocks in the STI who have been able to do that. It will pay a 4.7% yield based on my entry price so I am happy to hold this baby long term as part of my SRS account stocks. I am looking at additional entry points below $3, $2.70 and $2.50 should it fall more.