Dear readers, let us recap the Singapore Straits Times (STI) stocks as shared this week.
Ever since the lowest point reached by the Straits Times Index (STI) on 23 March 2020, STI stocks had been on the rebound. There were no STI stocks that were oversold. On the converse, we had six Straits Times Index stocks overbought .
Despite the rebound, of the 30 Straits Times Index stocks, more than half, eighteen to be exact were still undervalued STI stocks . If an investor would not like to measure how attractive a stock is from an price-to-book ratio perspective, I have also shared twelve Straits Times Index stocks which fared the worst over the last month. CapitaMall Trust shed 9.68% over the previous four weeks.
On the other hand, fourteen Straits Times Index stocks have been heading north over the last one month. The pack of the stocks was led by YangZiJiang stock which as of 29 Apr 2020 had headed 15.29% over the previous four-weeks period.
Notwithstanding all the above, I have shared a near term opinion of where Singapore Straits Times Index will head . In a nutshell, I am still bearish on the Singapore stocks markets. I give a target of 2,000 for the Straits Times Index.
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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