Dear readers, there are currently seven large cap stocks (outside of The Straits Times Index) which are oversold. Without further ado, these seven large cap stocks are:
1.GuocoLand
2.Hotel Properties Limited
3.IHH
4.SBS Transit
5.Sembcorp Marine
6.SingPost
7. WingTai
As a quick explanation, most of the oversold properties in this list may be oversold as they have a presence in Hong Kong amidst the ongoing protests in Hong Kong.
And just take a look at Sembcorp Marine stock, I hope investors had not recently invested in this stock amidst speculation that Sembcorp Marine stock might be taken private by Keppel Corporation. There are better stocks out there beside Sembcorp Marine stock which are better in fundamentals than Sembcorp Marine stock.
And for Singpost stock, we had heard of its embracing of its innovation, digital transformation with Temasek Holdings and Alibaba being its two largest investors. I have a speculation that Singpost stock may one day be merged with Singtel to realize greater efficiencies in digital transformation.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! 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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