Shares & Derivatives
Will you Sell these three Singapore stocks now?
By Singapore Stocks Investing (SSI)  •  September 6, 2016
Ever since it was reported of the possibility of potential new entrants bidding to become Singapore’s fourth mobile operator, the three “Big Brother” telecom stocks have come under the scrutiny of investors. In fact, the news of the fourth mobile operator was reported on 2 Sep 2016 before the Singapore stocks markets opened and the three local telecom stocks responded accordingly on that trading day. The below were the performance of the three stocks on 2 Sep 2016: 1) Singtel stock: -2.5% 2) M1 stock: -5.6% 3) Starhub stock: -4.4% Singtel and M1 regained some “lost ground” yesterday (5 Sep 2016), however Starhub stock further retreated by another 2%. There was also a bearish stock analyst report on Starhub in view of competition from the fourth mobile operator circulated. Let us take a look at the technical of the three stocks: 1) Singtel stock: Oversold and bordering ......
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By Singapore Stocks Investing (SSI)
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