Dear readers, since my previous post on undervalued Straits Times Index (STI) stocks, the Straits Times Index stocks in general have gone even lower in prices. This has caused the undervalued Straits Times Index (STI) stocks to head even lower. Hence the price-to-book ratios of the undervalued STI stocks has been further reduced causing these stocks to be even more undervalued. Let us take a look at these undervalued Straits Times Index STI stocks right now arranged in descending order of price-to-book ratios.
DBS stock (0.935)
Keppel Corporation stock (0.922)
Wilmar International stock (0.901)
Jardine C&C stock (0.845)
UOB stock (0.823)
OCBC stock (0.807)
CapitaMall Trust (0.798)
CapitaCommercial Trust (0.768)
JSH USD stock (0.708)
City Development stock (0.641)
YangZiJiang stock (0.613)
Capitaland stock (0.608)
SPH stock (0.599)
SIA stock (0.589)
JMH USD stock (0.574)
UOL stock (0.567)
Sembcorp Industries stock (0.39)
Hongkong Land (0.24)
What stood out for me is Hongkong Land stock. At Price-to-Book ratio of 0.24, every dollar that you are paying for this stock is equal to purchasing four of this stock at its current book value. For investors who love undervalued stocks, these undervalued stocks may seem attractive at this juncture to accumulate. But it is important to weigh other attributes of the stocks before making an investing decision. As for myself, I am thinking that stocks will be more attractive when the stocks markets correct further. I set a Straits Times Index target of 2,000 as a near-term support for the Singapore stocks markets.
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