Dear readers, the Straits Times Index (STI) has reached a recent high of close to the 3,000 mark. I have not expected that the STI would have reached this level mark since to be very frank, the Covid-19 pandemic is not over year. Many countries are still battling this pandemic, but just look at the stock markets, they have headed up much to the surprise of many.
Despite the stellar run of the STI, there are still eleven STI stocks which are undervalued with a Price-to-Book ratio of below 1. Let us take a look at the undervalued STI stocks and their accompanying Price-to-Book ratios below.
Keppel Corp stock: 0.99
Jardine C&C stock: 0.90
SIA stock: 0.84
Jardine Matheson Holdings stock: 0.74
Capitaland stock: 0.72
UOL stock: 0.68
City Developments stock: 0.65
YangZiJiang stock: 0.62
Sembcorp Industries stock: 0.57
Jardine Strategic Holdings stock: 0.41
HongKong Land stock: 0.28
One interesting thing to note is that despite being the top gainer STI stock for year 2020, Sembcorp Industries stock is still the third most undervalued STI stock currently. Not surprising to me is the most undervalued STI stock, HongKong Land stock which has clinched this title for really a long time already.
As again, Price-to-Book ratio must be used with other criteria when determining whether a stock is a possible good investment.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
BINGE READ ALL POSTS!
Visit Home Page for more reads or Connect here!