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These Blue Chips gave STI a strong start in 2021
By Just my thoughts on investing  •  January 10, 2021
If you still remember, STI was the worst performing stock in this region last year. And how things have changed, it has started 2021 on a strong foot hold. As the banks constitute the highest weight, they have helped STI to propel forward given their recent very strong rally. Below are the 2 bank counters that I owned and a laggard which has started to catch up. Given the flush in liquidity and returned confidence with the vaccine, they may rally higher. Let's see if the uptrend can still continue. DBS This counter has rallied the most, and as such, it is no longer cheap as compared to few months ago. OCBC Like DBS, this counter has rallied in the last few months. Last week, it gapped up for 2 days, which means that investors are scrambling to want a stake in this counter. However, at 11x earnings, it is neither cheap nor expensive....
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By Just my thoughts on investing
Me am simple man with simple needs.
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