Dear readers, against the uncertain stocks markets backdrop, some Singapore stocks have steadily and quietly rallied since a month ago.
Below is a list of ten of the largest market capitalisation Singapore stocks which have rallied in their stock price since last month and their corresponding gain in stock price.
Thai Beverage: 35%
Prudential USD: 29.3%
Singtel: 21.49%
Wilmar International: 19.31%
JSH USD: 16.98%
UOB:13.32%
DBS: 13.15%
OCBC: 12.55%
Top Glove: 10.64%
JMH USD: 10.12%
Is this a right time for investors to consider investing in these stocks right now? Will existing investors in these stocks continue to profit from an upward price momentum of these stocks? Or these stocks have risen to a point such that further gains could be limited?
Some investors who invested in the above stocks when the stocks markets were diving frequently last month would have sit on a pretty nice profit. But profits or not is always on hindsight and hindsight to me is not useful. What is useful is to know one’s investing strategy. I would still thought even on hindsight that investing in stocks when stocks markets were heading south wildly in light of the Covid-19 pandemic last month or so was really risky. And I stood by my belief that stocks markets will continue to head south.
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