Dear readers, two key developments in the macro stocks markets this week was the election win by British Prime Minister and the initial resolving of some of the trade issues between US and China. Against the current stocks markets backdrop, which Singapore stocks could be cheap now for investors to consider?
To answer the above, let us take a look at the list of Straits Times Index (“STI”) stocks which have been oversold as of the previous trading week.
- Jardine Matheson Holdings
- Singapore Press Holdings stock
- ST Engineering stock
As I have always shared, the oversoldness of stocks do not necessarily indicate that these stocks are cheap. Oversold stocks may become even oversold as the stock prices trend lower. However, the oversoldness of stocks still give useful indication to investors interested in the stocks.
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