Dear readers, we are already in middle of the last month of the year.
As usual, let us look at the Overbought and Oversold Straits Times Index (STI) stocks for the week, ended 15 Dec 23, and they are:
Overbought STI stocks:
Capitaland Ascendas Reit
Capitaland Integrated Commercial Trust
Genting Singapore stock
Mapletree Industrial Trust
Mapletree Logistics Trust
Mapletree Pan Asia Commercial Trust
There are no Oversold STI stocks for the week, and that means to say the following remaining STI constituent stocks are trading in a neutral RSI zone.
STI stocks trading in neutral RSI region:
Capitaland Investment stock
City Development stock
DairyFarm stock
DBS stock
Emperador stock
Frasers Logistics and Commercial Trust
Hongkong Land stock
Jardine C&C stock
Jardine Matheson Holdings stock
Keppel Corporation stock
OCBC stock
SATS stock
Seatrium Limited stock
Sembcorp Industries stock
SGX stock
SIA stock
Singtel stock
ST Engineering stock
Thai Beverages stock
UOB stock
UOL stock
Venture stock
Wilmar International stock
YangZiJiang stock
And now, back to the topic of today’s post. We note that of the six Overbought STI stocks, five of them are Reits and Commercial Trusts. In fact they belong to the Capitaland and Mapletree group of family of stocks and are the only STI Trusts and Reits.
Coincidentally, all the aforementioned Reits and Trusts rally on the same day 14 Dec 23, but is this really a coincidence of timing?
Well, there is no coincidence. Following this Wed meeting of Federal Reserves where pause in interest rate hikes were signalled, investors believe and project interest rates cut will go down next year, and that means good news for Reits and Trusts!
But I always believe investors into Reits and Trusts should always look at the holistic picture, e.g. there is no point getting high dividend yield if the capital appreciation is negative.
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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