Dear readers, in recent days, we have reports that said that the novel coronavirus which is now called covid-19 could cause the Singapore economy to perform worse than that during SARS. SARS occurred in 2013 and one of the lowest points the Straits Times Index reached that year was 1,235.
Currently, the Straits Times Index 3,223.37. If we consider that the Covid-19 really caused the Singapore economy to head south such that the Straits Times Index reached 1,235; that would be about a 60% downside.
But on the converse, if we assume an investor were to invest in the Singapore stocks when the STI reached 1,235, hold the stocks till the Singapore stocks markets returned back to 3,223.37; then investors will be rewarded with a 250% gain.
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