Dear readers, it is now time for our weekly scanning of the Straits Times Index (STI) stocks to determine which of these stocks are undervalued (i.e. having a price-to-book ratio of below 1). The STI ETF (ES3.SI) is currently undervalued at 0.993 Price-to-Book ratio; this indicates a Straits Times Index and a Singapore stocks markets which is close to fully valued.
The fourteen undervalued Straits Times Index (STI) stocks with their price-to-book ratios are as follows:
Keppel Corporation (0.991)
CapitaMall Trust (0.964)
CapitaCommercial Trust (0.939
UOB stock (0.875)
Jardine C&C stock (0.868)
OCBC stock (0.849)
Capitaland stock (0.788)
City Development stock (0.733)
SIA stock (0.722)
JSH USD stock (0.669)
Yangzijiang stock (0.61)
JMH USD stock (0.53)
Sembcorp Industries stock (0.499)
No surprising, HongKong Land stock and Sembcorp Industries stock have been dominating the most undervalued Straits Times Index since April 2020. Once again, undervalued stocks do not mean that these stocks are poised to rebound any time soon. On the converse, due to the lack of positive economic catalysts, I believe the Singapore stocks markets will decline or at most consolidate ahead. This means that these STI stocks are likely to go down further next.
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!