Singapore stocks are now trading at a good STI level (close to 3,300), hence investors and traders are really quite optimistic. However, when I took a look at how this STI level translates into the performance of individual stocks, the performance are not that consistent. One obvious trend is that China-related stocks are trading lower due to recent news from China. Property stocks are also affected as there are some cooling measure news from the government.
Some stocks, of interest to me and which are now just/in oversold levels are as follows:
a) ASL Marine
b) Biosensors International Group
c) Hu An cable
d) NOL
e) Capitaland
f) CapMalls Asia
g) Golden Agriculture
h) Midas
If you look at the above list, some of these stocks are market darlings that are touted, recommended highly by investment analysts, but just look at them, they are now in oversold levels, hence it ......