Dear readers, with the Straits Times Index reaching more than 3,000 in the first month of Year 2021, only to head back to below 2,900 just yesterday, what I can say is that my forecast that the 3,000 level remains a tough resistance for the Straits Times Index remains valid. With Singapore stocks likely to hover around 2,900 in the next couple of sessions, let us take a look at which of the constituent STI stocks may offer some value to investors.
I present below the list of undervalued Straits Times Index (STI) stocks (thirteen of them to be exact) with their price-to-book ratios that are trading on the Singapore stocks markets right now.
UOB stock (0.98)
OCBC stock (0.97)
Jardine C&C stock(0.95)
Keppel Corporation stock (0.88)
SIA stock (0.80)
JMH USD stock (0.74)
Capitaland stock (0.68)
UOL stock (0.65)
City Development stock (0.64)
YangZiJiang stock (0.60)
Sembcorp Industries stock (0.52)
JSH USD stock (0.42)
Hongkong Land (0.30)
As usual, the above is just a guide for your readers. This list is not a recommendation “Buy” guide as there is no basis that undervalued STI stocks will rebound next. In fact, there have been a number of STI stocks in the list above that have remained undervalued for a long time. Such undervalued stocks include HongKong Land, JSH USD stock and JMH USD stock.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! I also run another blog Singapore Stocks Investing with similar useful insights! 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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