Wednesday, June 7, 2017

STI STOCKS: OVERSOLD, OVERBOUGHT

STI stocks
It has been some time since we last visit the constituent stocks of STI. Let us see which of the STI stocks are oversold and overbought as of 6 Jun 2017.

OVERSOLD STI STOCKS: SPH, SIA, Wilmar

My comments on the above Oversold STI stock is that for SPH, the decline in its share is likely to be in line with the lacklustre overall stocks markets sentiment. The factor of a new CEO in Mr Ng Yat Chung should have already been factored in by investors in the trading of SPH stock in the few days after the announcement of the new CEO. SIA’s stock performance is probably due to the effects of a recent lacklustre financial result while for Wilmar, some substantial shareholders recently disposed of some shares.
OVERBOUGHT STI STOCK: OCBC Bank

OCBC stock price looks a bit run-up now, I will not advise retail investors to chase it at this overbought level. 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.

Related Posts Plugin for WordPress, Blogger...

Popular Posts

Total Pageviews