Dear readers, in this brand-new year, Year 2022, which Straits Times Index (STI) stocks or in general Singapore stocks will make good gains?
Could this STI stock which I will talk about below make good gains or rally this year?
Dairy Farm International Holdings stock was the worst STI performer in year 2021, with a total capital return of -29%. The stock has a very decent 12-month dividend yield of 5.1% as at 31 Dec 2021.
From what I have observed, some laggard STI stocks for a particular year will turn around and charge up in the next year. Take for example, Hongkong Land Holdings stock (another Hong Kong centric stock), which closed Year 2021 at USD $5.20, with a very decent capital return of 31.9% for the year. Hongkong Land Holdings stock closed Year 2020 at USD $4.13 and thus was higher by 25.9% for Year 2021.
Hence, could it be a technical rebound for Dairy Farm International stock this year as well?
Please note this post is not a stock recommendation, investors should do your own due diligence when it comes to investing.
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