Dear readers, the Singapore stocks markets seem to be consolidating around the 2,500 Straits Times Index level. At this current moment, I believe the Singapore stocks markets are waiting for catalysts to either move up or down significantly.
Some comment that the positive catalysts will be the race by countries for a vaccine as well as easing of lockdown measures in countries. But from what I understand, the global economy is already not doing well even before Covid-19, so it may not be that straight forward that stock markets and economies could become better with easing of lockdown measures and the finding of the Covid-19 vaccine.
Against the current lacklustre stocks markets backdrop, let us take a look a look at ten undervalued largest Singapore stocks right now below. As a note, the Price-to-Book ratio for each stock is indicated beside the name of each stock.
Wilmar stock: 0.90
SIA stock: 0.86
Keppel Corporation stock: 0.98
HongKong Land stock: 0.38
City Development stock: 0.73
Olam stock: 0.83
Suntec Reit: 0.84
NetLink Trust: 0.99
YangZiJiang stock: 0.94
Keppel Reit: 0.90
With many of the Straits Times constituent stocks oversold, it is not surprising to note that the bulk of the above stocks are Straits Times Index stocks. Olam Stock, Suntec Reit, NetLink Trust and Keppel Reit are not the Straits Times constituent stocks.
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