Dear readers, let us take a look at the list of thirteen undervalued Straits Times Index (STI) stocks right now. Before we do so, I would just want to add that compared to the previous week, the Straits Times Index stocks have been getting less and less undervalued as the Straits Times Index continues to power on. I have warned readers that the Straits Times Index (STI) is now overbought and there is a risk of stocks markets correction next. But as usual, I will like to caveat that this and all what I have shared on SG Stocks Investing is based on my insights and experiences. Readers should do your own due diligence when it comes to investing your hard-earned monies in the stocks markets.
On this note, the thirteen undervalued Straits Times Index (STI) stocks are:
Jardine C&C stock (0.979)
UOB stock (0.954)
OCBC stock (0.911)
City Development stock (0.798)
SIA stock (0.775)
JSH USD stock (0.715)
Capitaland stock (0.69)
Yangzijiang stock (0.651)
UOL stock (0.628)
SPH (0.57)
Sembcorp Industries stock (0.56)
JMH USD stock (0.557)
Hongkong Land (0.268)
As compared to the previous screening of undervalued Straits Times Index (STI) stocks on 2 Jun 2020, four previously undervalued STI stocks are no longer undervalued. They are:
CapitaCommercial Trust
CapitaMall Trust
DBS stock
Keppel Corporation stock
The above is within my expectation since at the last screening, these four stocks were already holding a price-to-book ratio of between 0.90 to 1. Should the STI continues to rally, I believe it is a matter of time before Jardine C&C stock, UOB stock and OCBC stock drops out from this list of undervalued Straits Times Index (STI) stocks.
One notable mention of the undervalued STI stocks will be Sembcorp Industries stock whose price-to-book value has increased from 0.366 to 0.56 (i.e. becomes less undervalued) as the stock defied gravity after the recent announcement of the demerger of Sembcorp Marine from the parent company. Without this development, I am of the view that there are no real near-time catalysts to drive Sembcorp Industries stock up.
Last but not least, I do not recommend investing in these undervalued Straits Times Index (STI) stocks now since the STI is already overbought and these STI stocks have already climbed up in prices significantly over the recent weeks.
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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