As I have shared with readers, the current stock markets are not with too many leads for investors. Though it is widely expected that the investment community will pore through the minutes of the Federal Reserves, this to me is always not really a lead enough to let investors have a feel of the stock markets. To me, the Singapore stocks markets are not really entering into a rally now. If that were so, some of the larger blue-chip stocks should have performed well but that is not so. I will describe the state of the Singapore stocks markets as “thematic”. First we have the privatisation/potential privatisation theme which sees many mid-cap stocks trading below their net asset value in a particular theme such as property rise in stock prices. Then, we have the transport theme which resulted in stock price surges of SMRT stock, SBS Transit stock and Comfort ......