Dear readers, there is currently One Oversold Straits Times Index (“STI”) stock right now. In the week before the previous week, there are four Oversold STI stocks, namely Golden Agriculture stock, SIA stock, Sembcorp Industries stock and ST Engineering stock. The aforementioned four stocks have made some gains in the previous week.
For the previous week, only one stock is Oversold. And this stock is nonetheless the stock which has made recent headlines for being removed from the STI index. Yes, that is right, this stock is none other than Hutchinson Ports Holding Trust (HPH Trust).
It is indeed without doubt that HPH Trust has to be removed from the STI since its stock price has dropped from the US IPO price of USD 1.01 to the last traded price of USD $0.156, making its market capitalisation of $1.36 billion one of the lowest in the whole staple of STI stocks.
Looking at the fundamentals of HPH Trust, the Trust is undervalued at just 0.407 Price-to-Book and with a dividend yield of 11.828%. While the above metrics may be impressive, investors should take note that HPH Trust currently has a -34.45% Return-on-Equity, a total debt of some $31.6 billion and a net profit margin of -90.1%.
Hence this may be the last time that I am including HPH as a STI stock which is Oversold. After removal from STI, I believe HPH Trust will be further Oversold with the loss of prestige as a STI stock. I think HPH Trust may eventually be delisted from SGX.
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