Dear readers, Singapore stocks were largely sold down in the previous two trading sessions. The selling has resulted in more Straits Times Index (STI) stocks being oversold. Let us take a look at the three oversold Straits Times Index (STI) stocks right now.
The oversold STI stocks are:
1. Jardine C&C stock
2. JMH USD stock
3. JSH USD stock
Is it a coincidence that the three stocks belong to the Jardine family? Or is it no coincidence at all since the Jardine family of stocks are based in Hong Kong? And we know that Hong Kong’s economy has slumped 8.9% in the worst contraction on record?
The three stocks are not only oversold but they are also undervalued with each having a price-to-book ratio of less than 1 below.
1. Jardine C&C stock (0.813)
2. JMH USD stock (0.535)
3. JSH USD stock (0.679)
With the Jardine family of stocks oversold and undervalued, are they attractive to investors now? In light of the macro global economy and the outlook of Hong Kong economy and political climate, I would think there could be a better opportunity for investors next.
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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