Saturday, July 1, 2017


STI stocks
Based on the closing prices of stocks yesterday, the following are the list of overbought and oversold Singapore stocks.
Overbought Singapore stocks

1. Singtel

Oversold Singapore stocks

1. ComfortDelgo

2. Genting Singapore

3. HongKong Land

Looking at the results above, I believe Singtel could have been overbought due to the investors’ hype over Netlink Trust, which is tipped to be the largest local stock listing here since Hutchinson Port Holdings Trust. However, to me, while the listing of IPO of a significant size in Singapore will be good for the local bourse in terms of track record, especially when it comes to attracting overseas investors, a large-size IPO does not always mean it will do well. Just look at Hutchinson Port Holdings Trust, which has been staying below its IPO since IPO. The most important thing investors should look at is good business fundamentals. NetLink Trust has been fined $500,000 by IMDA for not meeting service standards before and hence I do not have any interest at all in this IPO. 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