Dear readers, there is one Singapore stock that is a top 2023 pick as recently reported in a local media on 5 Jan 23.
This Singapore stock is Samudera stock and here are the reasons why this stock is top 2023 pick:
1) Price-to-Earnings ratio, as of 4 Jan 23 of only 2.6.
2) Price-to-Book ratio of 0.78, meaning the stock is undervalued
3) 75 cents of 4 Jan 23 trading price of 84.5 cents is covered by cash
4) Projected yield of 16.6%, one of the highest on SGX
I noted that following the report, Samudera stock price rallied on 5 Jan 23, hence believe some investors may have felt bullish on the stock after the media report.
Please note that this is not a stock recommendation, always do your own due diligence when it comes to investing.
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