Singapore Stock Market - UOB Kay Hian 2020-11-25: Laggards Have Their Day In The Sun

Singapore Stock Market | SGinvestors.io FRASERS CENTREPOINT TRUST (SGX:J69U) WILMAR INTERNATIONAL LIMITED (SGX:F34) KEPPEL REIT (SGX:K71U) KEPPEL CORPORATION LIMITED (SGX:BN4)

Singapore Stock Market - Laggards Have Their Day In The Sun

  • Positive news on the vaccine front has led to a global switch out of growth to value stocks, and some Singapore-listed value stocks have benefitted.
  • With investors chasing laggards, a number of stocks now appear to be in overbought territory, with the top 5 culprits being Sembcorp Marine, SIA Engineering, SATS, CDL Hospitality Trusts and ARA US Hospitality Trust.
  • While sentiment may continue to grind some of these stocks higher, we advocate investors to stick to blue chips with strong financials and dividend-paying ability.



5 of the worst performing stocks this year saw an average 13% w-o-w gain in the past week.



Overbought territory.



There are less overbought stocks in the small/mid-cap sector



The best performing stocks since the Mar 20 lows


Focus on blue chips






Jonathan KOH CFA UOB Kay Hian Research | Peihao LOKE UOB Kay Hian | https://research.uobkayhian.com/ 2020-11-25
SGX Stock Analyst Report BUY MAINTAIN BUY 3.150 SAME 3.150
BUY MAINTAIN BUY 5.350 SAME 5.350
BUY MAINTAIN BUY 1.400 SAME 1.400
BUY MAINTAIN BUY 6.300 SAME 6.300



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