Tuesday, June 5, 2018

SINGAPORE STOCKS MARKETS: WHAT’S NEXT? TOM K SHARES HIS VIEWS


Singapore stocks
Dear readers, Singapore stocks markets was down and then was up. Fluctuating in tandem with the US and regional stocks markets. Honestly, I think there is nothing bullish about the stocks markets. With the current STI showing, I would set the resistance of the STI at 3,600 level and with this resistance level, the upside would be limited.

On the other side of the coin, there are many reasons for downside of the Singapore stocks markets. Trade tensions and the evolving Italian political development are the factors investors note now. And then, the gradual interest rate hikes from the Federal Reserves (which seems now a tad distant in investors’ memory). Some of the blue-chip stocks are trading lower and with these lower prices, the dividend yields inevitably become higher. But don’t let these dividend yields get you carried away. In most case, if the broader macro factors affect stocks’ business, they will have to reduce dividends.

Investing is about taking stock of risks and returns. Currently, I still feel that the STI is a little bit high and the recent corrections have not corrected to a level to make me feel “greedy” as per what Warren Buffet always mentioned “Be Greedy when others are Fearful and Be Fearful when others are Greedy” (of course, Warren Buffet is talking about stocks). Well this is just my take, please do your due diligence as usual.

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