Dear readers, a Happy Boxing Day and long weekends to you and family. Today, let us look at two oversold Singapore Straits Times Index (STI) stocks currently trading on the Singapore stock exchange and determine whether are they are cheap. Each of these two oversold stocks has a RSI of below 30.
First, we have Jardine C&C stock. Jardine C&C stock is also undervalued with a Price-to-Book ratio of 0.87. This stock offers a dividend yield of 5.41%.
The second undervalued STI stock is Sembcorp Industries stock. This stock is undervalued with Price-to-Book ratio of 0.54 and it offers a dividend yield of 1.75%.
Are the two STI stocks cheap? Well, these two oversold STI stock are on the two opposite ends of a spectrum. As at 21 Dec 20, Sembcorp Industries stock is STI top gainer for Year 2020 with a upside of 50%. And the worst loser for the STI for Year 2020 as at 21 Dec 20? Yes, Jardine C&C stock at -34%!
At the current price of USD 19.60, Jardine C&C stock is still some 18% higher than its 52-week low of USD 16.58 reached in Mar 20. To me, Jardine C&C stock is just like the other Hong Kong centric stock in the STI: JSH, JMH, DairyFarm International and HongKong Land stocks whose prices have been depressed for quite some time. There are no good reasons to invest in Jardine C&C stock or any other STI stock since STI stocks in general are not currently trading at any good discounts.
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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