Just slightly more than a year ago, Singapore go to circuit breaker and STI have a massive dips. Will this time be similar or different?
An announcement today and we can alreadysee panic selling in stock market and panic buying of toilet paper again.
However, I think that many people who are in the stock market will remember the V shape recovery. We are unlikely to see a massive drop and thus no sharp recovery, unless the global market also go back to lockdown. China are doing well and US doesn’t seems to care.
In SG, we can prepare to go for stocks that got overreacted to drawdown but certainly pick pretty healthy debt stocks. Chance to add into REITs like $ASCENDAS HOSPITALITY TRUST(Q1P.SI)$for a long term investment are with some appreciation in the long run islooking good again.
$SHENG SIONG GROUP LTD(OV8.SI)$staff might be getting a good bonus again with this sharp jump in the stock market. I wouldn’tchase the high, but will be monitoring strong stocks that also get affected in the short term.
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