There are two blue-chip stocks which are currently oversold. Pardon me, if the two stocks that I am going to present next are not blue-chips in your definition. It is understandable since in today’s stocks markets, what have been blue-chips might no longer be blue-chips. Take for example, Sembcorp Marine stock. In its heydays, Sembcorp Marine stock traded at over $5 a share and compare this with its current stock price.
Tuesday, February 21, 2017
Thursday, May 12, 2016
Though I do not own Singpost stocks, I feel that Singpost is an interesting stock as it revamps and regears its traditional mail business towards technology (like testing out drones to deliver mail). Singpost is also aggressive embarking on e-commerce initiatives. Singtel which is also embracing IT and technology platform is a major shareholder in Singpost with a 22.87% stake in the company.
Friday, October 9, 2015
Singpost delivered a parcel via drone to Pulau Ubin successfully yesterday and this has sparked some interest among investors into Singpost stock. The interest of investors is not surprising considering how Singpost has reinvented itself over the years to move from being a traditional postal mail player into an integrated ecommerce and logistic player. The stake of Ali Baba into the company is a testament to the future plans of the company as it charts it way forward.
Tuesday, June 2, 2015
SingPost stock headed up 2.7% to $1.885 on 29 May 2015 after SingPost’s management announced that it will increase the dividends for this stock. I took a look at the chart of SingPost and have noted that currently the stock is trading below the “neck line” of a “Heads and Shoulders” formation. SingPost’s stock price went below this “neck line” on 28 April 2015 and thereafter SingPost’s stock price has declined to $1.83 on 27 May 2015 thereafter which it advanced with a high volume on 29 May 2015, on the date of the dividends announcement. Should SingPost’s stock price continues to advance, I think a resistance for SingPost is at $1.95, which signals a 6.5% capital appreciation from the $1.885 closing price on 29 May 2015.
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