Saturday, September 9, 2017

THE ONE OVERSOLD STI STOCK

Singtel stock
Dear readers, it is time to look at the weekly performance of the STI constituent stocks. Arising from my screening, there are not many oversold and overbought STI constituent stocks arising from the previous trading week, except for one oversold STI stock. Do you know which oversold STI stock is it?
Well, this oversold STI stock is none other than Singtel stock which has currently a RSI of below 30. Currently, STI stock closes at $3.69, which is 2.5% from its 52-weeks low of $3.60 and almost 20% from its 52-weeks high of $4.06. Telecom stocks are always considered defensive dividends stock but it may be more for the case for Singtel which has a more diversified business than its two other counterparts in M1 and Starhub. Let us compare the dividends of each telecom stock. Singtel stock currently has a dividend yield of 4.74%, Starhub’s dividend yield is 6.84% while M1’s dividend is 6.24%. But dividends aside, if we are to look at the operating landscape of the telecos, I believe a telecom of a larger size will have more advantage. 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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