Saturday, August 12, 2017

STI STOCKS UPDATE

Dear readers, it’s the close of another trading week. And for many of us, a working week though we have the National Day on Wednesday that makes the weekends for this week seem to come by faster. Again, as usual, a weekly roundup of the performance of STI stocks for the week of 7 Aug 2017 to 11 Aug 2017. Are you ready for the update? Here we go.

Overbought stocks

1. CapitaMall Trust

2. SIA

Oversold stocks

1. SPH

2. SATS

3. Sembcorp Industries

4. SIA Engineering

5. Starhub

We have now the number of oversold STI stocks at a ratio of 2.5 to 1 of overbought stocks. While this may prove to be an opportunity for investors, we need to avoid “catching a falling knife” in stocks parlance and buy good stocks only at the right price and time. Right now, STI stocks are not only the good quality stocks trading at somewhat a discount, there are also selected mid-cap stocks trading at good valuations now. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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