Dear readers, since last year to date, interest rates have been on the uptrend (though there is a decline in recent months) and many retail investors have been putting their monies hard at work in fixed deposits that offer interest rates from 3% per annum to over 4% per annum.
This seems to be a good way to take advantage of the hard-to-come-by high interest rates and earn some monies risk-free here in Singapore. And the 3% to 4% per annum interest rates from the fixed deposits also beat having put monies in equities where there are some capital risk.
Moreover, the Singapore stocks markets, as measured by the Straits Times Index (STI) seems be lacklustre. As of 16 Jun 23, the STI was 3,260.03 Around same time last year, the STI was around 3,100, so gain of the STI was just 5.2%.
But is the STI really that flat this period? Well, not really.
There are two STI constituent stocks which have been silently trending up to become multibagger STI stocks!
SIA stock: stock has gained 51.76% in the past year!
Sembcorp Industries stock: stock has gained 104.68% in the past year!
Congrats to investors who have invested in these two stocks and have gained from their stellar gains!
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