Dear readers, there are Thirteen Oversold Straits Times Index (STI) stocks now as the Straits Times Index has now become Oversold. Surprised or not surprised, I have been sharing with you readers in recent posts that the evident trend for the Singapore stocks right now is a downward trend where upside gains are limited.
Presenting below the thirteen Oversold Straits Times index (STI) stocks right below.
CapitaMall Trust
ComfortDelgro stock
DairyFarm stock
DBS stock
Genting Singapore stock
HongKong Land stock
Keppel Corporation stock
Mapletree Commercial Trust
OCBC Bank stock
Sembcorp Industries stock
SIA stock
Thai Beverages stock
UOB stock
As of 24 Jul 2020, there are only eight oversold Straits Times Index (STI) stocks. The most noteworthy point for oversold STI stocks now is that we have the three largest local banking stocks in DBS, OCBC and UOB stock now oversold.
Even at this juncture, I could not consider any of the oversold STI stocks as attractive since there will be opportunities to invest in these stocks at lower prices when the stocks markets correct further. Just image DBS stock still at $20.40 based on yesterday’s price now? This price is still high against the current economic and stocks market backdrop.
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