OVERSOLD STI STOCKS…. AS STOCKS MARKETS TUMBLED!

Dear readers, the US stocks markets tumbled over 2% yesterday for the second consecutive day as the stocks markets weighed in on the potential trade wars between the world’s two largest superpowers: China and the United States. Amidst this backdrop, stocks get cheaper. Some STI stocks become Oversold and these stocks are:
1) HPH USD Trust

2) Jardine C&C

While Oversold by itself is not a comprehensive enough reason to start buying stocks, these two Oversold STI stocks are attractive names considering that:

1) HPH USD Trust has a dividend yield of 8.28% and is undervalued at 0.538

2) Jardine C&C which currently trades at $33.98 has a consensus target price of $44.39 (according to SGX website); trades at 3.38% dividends yield

Should US markets continue to tumble (and I believe they will be for the time being), I believe more STI stocks will be Oversold, providing investors with more choice for bargain hunting. 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.