Dear readers, in this post, I will share the names of the ten largest market-cap Singapore stocks which are undervalued (Price-to-Book ratio of below 1). It will be interesting to know which of the largest SGX-listed stocks here are trading below their book value that presumably gives value to investors buying these stocks.
The names of the stocks with their accompanying Price-to-Book ratios are:
1. Wilmar International (0.90)
2. Shangri-La HKD (0.84)
3. Capitaland (0.68)
4. Keppel Corporation (0.95)
5. HongKongLand USD (0.38)
6. SIA (0.91)
7. City Development (0.73)
8. CapitaCommercial Trust (0.95)
9. UOL (0.54)
10. Olam International (0.83)
To me, the above information is good to know. But since the book value reported for many stocks is based on past historical information, it is important to stay updated on the financial status of stocks which investors are interested in for a holistic assessment of the interested stocks.
Given the state of the current stocks markets, I will think the next level for Singapore stocks is 2,000 mark of the Straits Times Index, hence I am not interested in investing into stocks for now with the view stocks will head lower further. But I know some investors will invest or have invested in tranches during this period to leverage on the lower stock prices.
The most important thing in investing is to have a well-thought plan based on your own beliefs and execute it.
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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