THREE SINGAPORE STOCKS INVESTORS MAY NEED TO BE CAUTIOUS ON IN THE CHINESE NEW YEAR OF THE PIG
Dear readers, we will usher in the Chinese Year of the Pig pretty soon. For the upcoming year of the Pig, which Singapore stocks should investors be cautious on?
Well, Hong Kong’s CLSA bank has predicted that based on Fengshui, some industries are not likely to do well in the Year of the Pig and they are:
1) Financial-related Stocks
2) Metal-related Stocks
Applying what CLSA has predicted to the context of the Singapore’s stock markets, the translation is very simple: investors who choose to follow CLSA’s advice may want to steer clear from the three local banking stocks in DBS, OCBC and UOB. As for metal-related stocks, there are also a handful of small to mid-cap Singapore stocks dealing with metal-related businesses.
But not to worry if you feel like missing out on financial-related equities if you choose to follow CLSA’s advice since the general advice of CLSA is that one should be cautious when investing in stocks in the Year of the Pig since according to CLSA, the upcoming Chinese New Year of the Pig is a year facing the conflict between water and fire according to the Chinese zodiac and hence it would be a year for investors to focus on limiting losses rather than chasing large gains. In the above light, it means all stocks should not be considered for investing in the Year of the Pig.
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