Dear readers, as I have recently shared, Singapore Straits Times Index (STI) stocks have not been oversold as they have rebounded from the lows set on 23 March 2020. But as of 30 Apr 2020, there was one STI stock which has been oversold.
The oversold Straits Times Index stock has a Relative Strength Index of below 30 and this stock is none other than JSH USD stock.
JSH stock is also currently undervalued with a Price-to-Book ratio of 0.668. The stock offers a very modest dividend yield of 1.65%. Currently trading at USD 21.55, JSH has since recovered from its 52-week low of USD17.81.
After my 29 April 2020 post in relation to my view that the STI stocks should be heading lower soon , the US stock indices went 2.55% to 3.20% yesterday. As the Singapore stocks markets are a price taker, I believe Singapore stocks will trade lower next wind.
The latest geo-political development is back to the US and China trade tensions over possible trade measures that the US may implement against China. My short-term target for the Singapore stocks which I shared a number of times with you readers which is at 2,000 remains unchanged.
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!
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