THREE SINGAPORE STOCKS THAT MAY DO WELL IN THE CHINESE NEW YEAR OF THE PIG

Singapore Stocks Dear readers, we will usher in the Chinese Year of the Pig pretty soon. For the upcoming year of the Pig, which Singapore stocks are predicted to do well?

Well, Hong Kong’s CLSA bank has predicted that based on Fengshui, some industries are likely to do well in the Year of the Pig and they are:


1) Technology Stocks

2) Internet Stocks

3) Telecom stocks

Applying what CLSA has predicted to the context of the Singapore’s stock markets, I have the following three Singapore stocks, one in each category that could be potential winners in the Year of the Pig. These stocks are:

1) Creative Technology stock for the arena of Technology Stocks: as personally, I believe Creative Technology’s latest product, Super X-Fi , which had attracted quite a lot of interest should continue to be a potential driver for future revenues and profits of the group.

2) ST Engineering stock for the arena of internet stocks, I could not really pinpoint one Singapore stock which is really a leader in the Internet arena since many of the listed companies here are dabbling in some areas of internet technology or ecommerce nowadays. But if I have a recommendation, I would go for ST Engineering based on the fact that this stock is a STI constituent stock, is considered blue-chip, has he backing of Temasek Holdings and more importantly, ST Engineering is focusing more and more on Smart Solutions in its area of work.

3) Singtel for the arena of Telecom stocks: for the fact that Singtel is the biggest of the three listed Telecom stocks here and it also derives its revenue from other diversified businesses like e-commerce with footprints around the world.

But perhaps, more importantly, investors should heed the general advice of CLSA and that is to 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. 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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