Dear readers, the sixteen undervalued Straits Times Index (STI) stocks will be revealed in today’s post. Before we do so, just to share with you that the Straits Times Index is currently trading at a fully-valued basis i.e. Price-to-Book ratio of 1 at 2,595.97. Nothing fantastic at this level since the markets should be correcting soon.
The sixteen undervalued Straits Times Index (STI) stocks are (with their price-to-book ratios next to the stock names):
DBS stock (0.998)
CapitaMall Trust (0.94)
CapitaCommercial Trust (0.921)
Keppel Corporation stock (0.856)
UOB stock (0.828)
Jardine C&C stock (0.828)
OCBC stock (0.815)
City Development stock (0.719)
SIA stock (0.665)
JSH USD stock (0.643)
Sembcorp Industries stock (0.599)
YangZiJiang stock (0.599)
Capitaland stock (0.565)
UOL stock (0.553)
JMH USD stock (0.519)
Hongkong Land (0.242)
From the list above: we note:
1.The three banking stocks are undervalued with OCBC stock being the most undervalued
2. Three Capitaland family of stocks are also undervalued
3. The regular Hong Kong -centric stocks in JSH USD, JMH USD and HongKong Land stocks continue to be undervalued
4. The two offshore and energy giants in Keppel Corporation and Sembcorp Industries are undervalued
5. Some of the largest property plays in Singapore: Capitaland, City Development and UPL are undervalued
Again, do not rush into investing into these undervalued Straits Times Index stock plays as prices will get lower. The reason is simple. The Straits Times Index level of today is still considered high when we weigh in the effects of Covid-19 and the state of the economy.
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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