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What I’m doing now that the STI has fallen to lows of 2,500
By Investmoolah  •  May 23, 2020
The Singapore stock market went below 2,500 - the second time it has hit such lows in a month. During this recession, the lowest the STI has went is 2,200 and we have not experienced the upward rally of the STI that was of the same magnitude as the S&P and Nasdaq (a 30% rally). On Friday, the Singapore market lows was due to Hong Kong's protest against the Chinese government proposed new security laws. Given the STI lows, I have started to monitor some stocks. SATS When air travel resumes, SATS should recover because its business is mainly in the management of airport terminals and flight catering. The company has huge cash pile given that it did two rounds of bonds raising recently. This should ensure the survival of SATS in this crisis. SATS has demonstrated that it is capable of generating about 15 cents per share of free cash annually. Will be...
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By Investmoolah
A total otaku who loves anime, investing and the occasional K-drama. My financial journey begun at the age of 22 and has revolved around the concepts of "Working Hard", "Saving Well" and "Investing Wisely". Through my journey, I have realized that financial literacy is something we have learnt little during our school days but is one of the most useful and relevant skill that we have to be equipped to take on the real world. Concepts such as compounding and "common sense investing" are skills that will place us ahead of the race to retirement ...
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