Dear readers, the recent removal of Golden Agriculture stock from the Straits Times Index stocks has sparked some nostalgia for me. I recall a number of years ago when the local commodities stocks were in vogue. The four largest commodities stocks on the Singapore Stocks Exchange were Golden Agriculture stock, Olam, Wilmar International and Noble Group so much so that collectively they are known as the GOWN stocks. Back then when the commodities stocks markets were bullish, Noble Group traded at over $1 per share and Golden Agriculture at over 80 cents per share. I recall these prices as I have been in and out of these stocks before.
Fast forward to today, we have Noble Group stock as its current state now after its stock price saga and looking forward to a fresh start. We had Temasek bought Olam. And we had Golden Agriculture stock trading in the order of 20 cents per share before it was proposed to be removed from the Straits Times Index. And we had the only commodity stock right now on the Straits Times Index being Wilmar International.
The commodities stocks markets have not been doing well all these years. But I believe one lesson for some investors here is not to be too enamoured of certain Straits Times Index brand names so as to invest in individual stocks like Golden Agriculture, Noble Group stock many years ago to only be looking at non-profits now. Like what I have been sharing so much here on Sg Stocks Investing stock, there is no one safe and guaranteed stock at all. Not even the Best value investing or fundamental analysis could guarantee one with a risk-free stock. As for the Straits Times Index stocks, I always have the belief that the Straits Times Index stocks draw strength from diversity from being together. As such, I am always an advocate of investing in the Straits Times Index ETF for which investors would be assured that the index for once would never be bankrupt (since it tracks the stocks markets). And also, the Straits Times Index would always be made up of only the best Singapore stocks through constant reviews.
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