Other than looking at shares hitting
52-week lows for investment ideas, we can flip the logic around and look at companies that are near their 52-week high prices.
A stock that is selling near its 52-week high could mean that it has strong business prospects that the market is taking notice of.
After all, investors attain
multi-baggers when a stock hits 52-week highs again and again throughout the holding period.
Finding Blue-Chips at 52-Week Highs
Singapore’s
Straits Times Index (STI) is still some way off its one-year high of around 3,131 points…
but some index components are already selling near their respective 52-week high share prices.
They could be worthy of some research for those who are looking for stock investment ideas.
Here, let’s explore the top five
blue-chips whose share prices are close to their 52-week highs (data as of 2 September 2020).
| Name |
Ticker |
Last Close |
52-Week Intraday High |
Gain Needed to Hit 52-Week Intraday High (%) |
Price-to-Earnings Ratio |
Price-to-Book Ratio |
Dividend Yield (%) |
| Venture Corporation |
SGX: V03 |
S$20.20 |
S$20.75 |
2.7 |
17.5 |
2.3 |
|
...
