Interestingly, if you remember my previous post I wrote about how STI was still above the 3,000 level. One month later, at the end of Feb, STI is still above the level despite Dow having dropped more than 10%. As COVID19 spread across the world, I am expecting STI to drop to 2,900 levels. How low will it drop, to 2,700 level, is anyone’s guess.
There are several stocks mainly in the aviation, transport, retail and hospitality industry that has taken a huge beating. Check out the charts of SIA, SAT, SIA Engineering, Mapletree NAC and Dairy Farm
The reproduction number of COVID19 is still above 2 and it is only starting to spread across the world. In the meantime, I will be spreading out my buy purchase in batches and if there