MORE THAN SINGAPORE STOCKS, STRAITS TIMES OR SGX NEWS BLOG. SINGAPORE STOCKS INVESTING (“SSI”): SHARING A DEFENSIVELY OPPORTUNISTIC EQUITY-INVESTING MODEL: STABLE STI CORE, MULTI-BAGGED BY SELECTIVE INTERNATIONAL PICKS!
WE HAVE MOVED!
new website:SGSTOCKSINVESTING.COM VISIT US THERE!
Tuesday, July 10, 2018
SINGAPORE STOCKS MARKETS: WHY WE ARE BACK TO YEAR 2016?
Dear readers, yesterday, Singapore stocks markets erased the declines it has been chalking thus far with the Singapore stocks markets benchmark STI up by a decent 1.16%. Some investors are thinking that now is the time to bargain-hunt for some good stocks since stocks markets have corrected recently and yesterday’s showing of the Singapore stocks markets seemed to indicate that Singapore stocks markets have bottomed out and are poised for a rebound.
Not yet, says Tom K (myself).
Given that the Singapore stocks markets have been correcting off what was an apparent high base built upon year 2017 of good showing of global stocks markets, the current Singapore stocks markets are still considered high and further downsides to Singapore Stocks Markets are still possible.
I want to remind readers that the current Singapore stocks markets is such that the current price of DBS stock , OCBC stock and UOB stock is $25.71, $11.31 and $26.51 respectively. We are no longer talking about a low of Singapore stocks markets where one could buy DBS stock at around $11 a share and OCBC at $8.00+ per share.
I still recall buying OCBC stocks at slightly above $8 per share some years back and that was when I thought the Singapore stocks markets is at a reasonable low price.
The STI ETF which tracks the STI is now below the 300-Days-Moving-Average and the last time the ETF was below the 300-Days-Moving-Average was Jul 2016. That means we are now back to a level of the Singapore stocks similar to two years back but then the STI ETF traded at around $2.80 compared to the current $3.20+.
I leave it to you readers to form a view of the current Singapore stocks markets: whether it is at the inflexion point of regaining back to the 3,600 level or at the start of a longer term downtrend.
The fact that we have more macro factors at play now: trade tensions, US interest rate hikes and some geo-political developments in my opinion means that the Singapore stocks would go lower.
My target is 2,880 for the STI. 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.
SSI INVESTMENT STRATEGY: STABLE STI CORE, MULTI-BAGGED BY SELECTIVE INTERNATIONAL PICKS! FIND OUT MORE HERE !
Popular Posts
-
Dear readers, yesterday it was reported that SIAS had raised questions about Ms Olivia Lum’s remuneration as CEO of Hyflux amid financ...
-
Dear readers, with the stocks markets getting rather choppier, stocks markets downturns, a possibility which is fretted by many, especia...
-
Dear readers, in this current stocks markets backdrop which is rather volatile, what are investors looking for? Some want “Value” and h...
-
Dear readers, in today’s post, I will be revealing the name of the fourth stock which could be worth looking at by investors. For the n...
-
Dear readers, let us watch the video below to know more about the latest development in relation to Singapore Reits now.
-
Dear readers, the #10YearChallenge on the Straits Times Index will look like the snapshot above.
-
Dear readers, many of us would like to invest in companies which have a net profit margin, don’t we. Below are the top ten stocks wit...
Blog Archive
-
▼
2018
(690)
-
▼
July
(44)
- [DON'T MISS] WHAT THE ANALYST WANTS YOU TO KNOW AB...
- BONDS, ETFS: WHAT INVESTORS NEED TO KNOW NOW?
- DBS RESEARCH: 53.2% POTENTIAL UPSIDE BUY CALL ON T...
- NIKKO AM SGD INVESTMENT GRADE CORPORATE BOND ETF I...
- SINGAPORE STOCKS MARKETS: SOME COMMENTS
- FACEBOOK STOCK: A 20% DROP IN A WEEK, WHAT SHOULD ...
- GROW YOUR MONIES AT AN EVEN FASTER RATE!
- CGS-CIMB: GENTING SINGAPORE STOCK WORTH A 14.3% PO...
- SINGAPORE FOOD AGENCY: WHAT IT MEANS FOR SINGAPORE...
- SINGAPORE PROPERTIES: WHAT ANALYSTS HAVE TO SAY NOW?
- US-EU TRADE TENSIONS AVERTED, SINGAPORE STOCKS TO ...
- DBS RESEARCH: THIS BILLION-CAP STOCK IS WORTH A 35...
- PHILLIPCAPITAL: SIX SINGAPORE STOCKS WHICH INVESTO...
- PHILLIPCAPITAL: HOW INVESTORS CAN BENEFIT FROM THE...
- OVERBOUGHT AND OVERSOLD STI STOCKS
- INVESTMENT DIRECTORS AND STAFF SHAVE HAIR FOR CHAR...
- CONNECT WITH SINGAPORE STOCKS INVESTING EASILY
- SINGAPORE STOCKS MARKETS: WHAT’S IN FOR INVESTORS?
- UOB KAY HIAN: DBS STOCK IS STILL WORTH >10% POTENT...
- PHILLIP RESEARCH: LAND TRANSPORT SECTOR STOCKS
- OCBC INVESTMENT: THIS INVESTMENT TRUST IS WORTH A ...
- PHILLIPCAPITAL: SINGAPORE INVESTMENT STRATEGY
- INVESTMENT STRATEGIES AS SHARED BY INVESTMENT ANALYST
- KOUFU IPO: WILL TOM K SUBSCRIBE?
- OVERBOUGHT AND OVERSOLD STI STOCKS
- SHENG SIONG STOCK: A 17.6% POTENTIAL UPSIDE BUY CALL
- GROW YOUR MONIES AT 0.94% PER ANNUM WITH NO LOCKDO...
- RHB INVEST: 27.3% POTENTIAL UPSIDE "BUY" CALL ON T...
- US TARIFFS: INVESTORS, WHAT YOU MUST KNOW RIGHT NOW!
- SINGAPORE STOCKS DOWN BY 0.85% TODAY! WHAT SHOULD ...
- SINGAPORE STOCKS MARKETS: WHY WE ARE BACK TO YEAR ...
- COAL, OFFSHORE & MARINE, PROPERTY SECTOR AND RECES...
- TOP TEN SINGAPORE STOCKS WHICH INVESTORS SHOULD TA...
- GOVERNMENT COOLING MEASURES+ TRADE WAR FEARS= WHIC...
- TOM K: I EXPECT THE SINGAPORE STOCKS TO GO SOUTH B...
- US-CHINA TRADE WAR BEGINNING TODAY? WHAT SHOULD IN...
- RHB INVEST: ONE "BUY" STOCK WITH A 27.8% POTENTIAL...
- STOCK IN FOCUS: CAPITALAND COMMERCIAL TRUST
- DBS: ONE TRUST WITH A 14.8% "BUY" UPSIDE [AMIDST S...
- AUGUST 2018 SINGAPORE SAVINGS BONDS: ALL YOU NEED ...
- SECOND HALF 2018 OUTLOOK ON EQUITIES, CURRENCIES A...
- PROPERTY & BANKING UPDATE BY PHILLIPCAPITAL
- SINGAPORE STOCKS TRADING: WHAT’S NEXT FOR THE SECO...
- RHB INVEST: DBS STOCK IS STILL WORTH A 13.9% POTEN...
-
▼
July
(44)