While there have been questions after the Brexit on the state of the global economy and some investors are staying away from the Singapore stocks markets to assess the financial situation of the stocks markets and the world, without a doubt, Singapore stocks are still moving up though it might not be apparent from the STI. The point is that it depends on which Singapore stocks we are taking about.
Take for instance the three local telecoms stocks: Singtel, Starhub and M1. Their stocks have been rallying. Singtel traded at a low of $3.39, Starhub traded at a low of around $3.20 and M1 traded at a low of $2.26 before earlier for year 2016 but look at the price of these telecoms stocks now. I do not know about you but when it comes to telcom stocks, the impression of these stocks is that they are ......