$Straits Times Index(STI.SI)$ has reached its highest point in many years, but the historical data shows the market still needs to rise for another 4 months?
But according to the seasonal effect of the past 24 years, October, November, December and January are still rising.
In October, November, December and January, the average increase was 0.42%, 0.84%, 1.46% and 0.52%.
Source bloomberg, data as of 25 september 2024
Tiger analyst @Tiger_James Ooi pointed out that although the STI market is approaching its historical high, many high-yield bank and SREITs stocks are still undervalued and may continue to rise in the future.
See the following three pictures:
Bankโs valuations are not demanding. $ocbc bank(O39.SI)$ , $UOB(U11.SI)$ , $DBS Group Holdings(D05.SI)$โs PB Ratios in 20 years.
Regarding Singapore important stocks, we mentioned the Top 30 Weightage % names in the $Straits Times Index(STI.SI)$ in our article two days ago.
If you are more interested in some long-term returns that exceed the $Straits Times Index(STI.SI)$ SGX stocks, you can look at the two tables below.
From a valuation perspective, the lower the Current PE vs. 5 years PE data, the better.
1. 5-year winners by performances that top the $Straits Times Index(STI.SI)$are : $YZJ Shipbldg SGD(BS6.SI)$, $SEMBCORP INDUSTRIES LTD(U96.SI)$ , $DBS Group Holdings(D05.SI)$ ,$Keppel(BN4.SI)$, $ocbc bank(O39.SI)$ , $UOB(U11.SI)$, $SGX(S68.SI)$, $ST Engineering(S63.SI)$.
Source: Bloomberg, Tiger Broker, 25 Sep 24
2.10-year winners by performances that top the $Straits Times Index(STI.SI)$are๏ผ $YZJ Shipbldg SGD(BS6.SI)$ , $DBS Group Holdings(D05.SI)$๏ผ $Mapletree Ind Tr(ME8U.SI)$ , $Venture(V03.SI)$ , $SembCorp Industries Ltd.(SCRPY)$ , $ocbc bank(O39.SI)$ , $CapLand Ascendas REIT(A17U.SI)$ , $SGX(S68.SI)$ , $UOB(U11.SI)$ , $Mapletree Log Tr(M44U.SI)$ , $Frasers Cpt Tr(J69U.SI)$ , $ST Engineering(S63.SI)$ , $CapLand IntCom T(C38U.SI)$ , $Mapletree PanAsia Com Tr(N2IU.SI)$, $SATS LTD.(S58.SI)$
Source: Bloomberg, Tiger Broker, 25 Sep 24
Ok, Dear Tigers, Hope the above insights and data are helpful for you.
Welcome to share which of the above high-quality stocks is your choice?
What are your questions about the low valuation?
Are you becoming more and more optimistic about the Singapore stock market?
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