Dear readers, let us take a look at four Straits Times Index (STI) stocks which are undervalued and oversold right now.
The four STI stocks, with their price-to-book ratios in brackets are:
HongKong Land stock (0.215)
SIA stock (0.656)
OCBC stock (0.792)
UOB stock (0.819)
Looking at the above, the two oversold and undervalued stocks that may deserve more investors’ attention are OCBC stock and UOB stock. For HongKong Land stock, the re-emergence of the political tensions in Hong Kong may rock stocks related to Hong Kong once again. As for SIA stock, investors may wish to wait for a clearer outlook when the beleaguered stock trades with its right shares.
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