hot stocks

9 undervalued stocks to watch in the MSCI Singapore Index: KGI

SINGAPORE (Dec 18): KGI Securities has highlighted nine stocks in the MSCI Singapore Index that are currently undervalued, even as they each offer a FY18 dividend yield of more than 3.5%.

According to KGI, the nine stocks – ComfortDelGro Corporation, United Overseas Bank (UOB), Keppel Corporation, Singapore Technologies Engineering (ST Engineering), Singapore Exchange (SGX), Oversea-Chinese Banking Corporation (OCBC), CapitaLand, Genting Singapore (GENS), and Singapore Airlines (SIA) – are trading below their 10-year price-to-earnings (P/E) and price-to-book (P/B) averages.

Banks lead hot stocks with breakout

SINGAPORE (May 5): Banks are at new multi-year highs and have underpinned the Straits Times Index, helping it to a new 2017 and 12-month high.

For the banks, there are no major reversal signals based on the long-term charts. But short-term indicators are at the top end of their range and this may stymie near-term up-moves. These could cause the banks to consolidate their recent gains.

Overall, though, up-momentum is strong and the uptrend is likely to resume.

Thakral shares rally on the back of asset valuation

SINGAPORE (April 11): Shares of Thakral Corporation advanced for the third straight session.

The stock on Friday rose 15.4% to close at 30 cents. This was followed by another 10% rise on Monday to 33 cents.

This morning, Thakral’s share price climbed to a high of 38 cents, before settling to 34 cents as at 12.48pm.

Since last week, its market cap has risen by 26% to $43 million.

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