Monday, July 17, 2017

STI STOCKS: AN UPDATE

Dear readers, let us track the performance of the STI constituent stocks once again. I am particularly interested in which of the STI stocks are overbought and which are oversold.

Oversold stocks include ComfortDelgro stock and SIA Engineering stock. ComfortDelro stock has remain oversold for quite sometime as the stock price seems to form a bottom. SIA Engineering stock on the converse, is still trending on the high side despite being oversold on the RSI side.

Overbought stocks include Global Logistics Properties which is no surprise as it is acquired. Then we also have, HPH Trust and Thai Beverages stock and YangZiJiang stock. Of the above, it is interesting to see whether HPH Trust which seemed to have broken the stock price resistance on 14 Jul 2017 will follow up on its rally. As for Thai Beverages, I myself am convinced of the synergy of Thai Beverages with F&N, together, the two companies can become a regional beverages powerhouse. 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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