Dear readers, as the global stocks markets continue to demonstrate volatility, let us head north from Singapore to see which Malaysian stocks on the FTSE Bursa KLCI are oversold.
As it turns out, there are four oversold Malaysia stocks on the FTSE BURSA KLCI, each with a RSI of below 30 and they are:
British American Tobacco (Malaysia) Berhad (BAT)
CIMB Group Holdings Berhad (CIMB)
Hap Seng Consolidated Berhad (HAPSENG)
Public Bank Berhad (PBANK)
Looking at the oversold Malaysian stocks above where three of the four are related to banking and finance, I am not sure whether Singapore’s three local banking stocks in DBS, OCBC and UOB will be similarly oversold in the coming trading days. I find the prices of our three banking counter stocks, especially DBS stock still high against the back of the current macro environment.
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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