Dear readers, amidst the current volatile stocks markets backdrop in view of Covid-19 and exacerbated by the ongoing US-China tensions, stocks markets are getting more and more unpredictable.
My view is as consistent as before: the general trend for the stocks markets is bearish and down. Upside in my opinion are limited. Against any stock market backdrop, there will always be some stocks that may appeal to investors.
Will the following four Straits Times Index (STI) stocks, which are undervalued and oversold appeal to investors?
These four stocks (accompanied with their price-to-book ratios) are below.
Keppel Corporation stock: 0.929
SIA stock: 0.654
Capitaland stock: 0.608
JMH stock: 0.488
Except for SIA stock which pays a very modest dividend yield of 1.6%, Keppel Corporation stock, Capitaland stock and JMH stock are also trading at decent dividend yields with 3.5% (Keppel Corp) to 4.3% (Capitaland stock and JMH stock).
Indeed, undervalued, oversold and with good dividend yields, Keppel Corporation stock, Capitaland stock and JMH stock seem to make for decent attractive stock picks. But I will think that a stocks markets corrections which is already in the making will provide investors more attractive buys! Henc be patient and you will be well rewarded!
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