Dear readers, I have recently shared with you one oversold Straits Times Index (STI) stock which was oversold as at the previous trading week. This oversold Straits Times Index (STI) stock was none other than ComfortDelgro stock and till yesterday, ComfortDelgro stock remained oversold.
Yesterday, one more Straits Times Index (STI) stock joined the oversold rank of ComfortDelgro. Declining by 4.1% yesterday, Thai Beverages stock is now oversold at $0.815, down from $0.85 per share.
The Straits Times Index (STI) was sold down yesterday as well. With the spread of the Wuhan flu to more cities, I believe the stocks markets including Singapore’s will be sold down further if there is fear of the return of the SARS. If you could recall, the SARS epidemic in 2013 has been costly to economies.
Selling of the stocks markets will prove to be a good opportunity to pick up some good stocks at the right time.
BINGE READ ALL POSTS!Visit Home Page for more reads or Connect here!