Dear readers, there is one former Straits Times Index (STI) stock that is already up by 30% year-to-date. This stock closed at USD $0.198 on 31 Dec 2020. As of yesterday, the price of this stock was already USD $0.255 which represented a rally of almost 28.8% year-to-date. If we were to take a look at the price of this stock as at March 2020 (USD $0.082), the current stock price of this stock is already 300% times that of the March 2020 stock price.
In terms of fundamentals, this stock is undervalued with a Price-to-Book ratio of 0.649. In terms of dividend yields, this stock offers a 6.25% dividend yield.
Will the rally of this former STI stock continue going forward? If we take a look at the technical chart, the 200 Days-Moving-Average graph line of the stock is starting to cross the 300 Days-Moving-Average graph line from below, indicating a bullish price formation. Without further ado, this stock is none other than HPH Trust USD.
However, when it comes to stocks investing, investors will really have to do their full due diligence to invest in a stock after much research.
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