With the STI trading near 15 Price-Earnings ratio, one really has to be nimble and keep a lookout for good quality stocks that are undervalued. And that is a difficult task given that many of the stocks are already trading at their 52 week highs. Nevertheless, here are 3 stocks that are currently on my watchlist.
1. Saizen REIT (Listed on Singapore Stock Exchange)
Saizen REIT has been slowly rising. It just declared a healthy half-yearly distribution of 0.66 Singapore cents which makes its yield slightly below 7%. Of course, there is the currency risk of the Japanese Yen being further devalued with the current Government's stance to make their exports more competitive. Nevertheless, I have vested interest in this stock. Saizen last closed at S$0.19.
2. Global Premium Hotels (Listed on Singapore Stock Exchange)
Global Premium Hotels just had its initial public offering at S$0.26. The ......