For the trading week till yesterday, oil and gas related stocks have started to move up in light of OPEC’s decision to cut oil supplies. This has provided a boost to stocks in the oil and gas sectors. I believe investors are awaiting the US Federal Reserves’ decision on interest rate hikes. The markets are or already factoring this into their investing decision since an interest rate increase looks likely or already set.
Against the current market backdrops, some investors would still wish to go for safety by investing in stocks with good fundamentals like the oft-touted blue chip stocks of STI. Here are the top nine STI blue-chip stocks with the lowest Price-to-Book ratio for investors’ consideration:
1. Hongkong Land Holdings Limited: 0.50
2. UOL Group Limited: 0.59
3. Hutchison Port Holdings Trust: 0.69
4. CapitaLand Limited: 0.77
5. Sembcorp Industries Ltd: 0.81
6. ......