After the Euphoria
Last night the Dow fell over 1% due to the poor manufacturing data. It is the worst performance since 2009. Stocks fell and it followed in Asia.
In the morning, the stocks give up yesterday gains.
These stocks are on a down trend since 2 years ago. Looks like these oil related counters in the Singapore market does not fair well in the current global environment.
We are back in square 1. I think the market will be looking for positive news before going up again.
These companies shall be reporting their quarterly results in next several weeks. Given the macro economic picture, it is likely that the profits will be challenged. None of these stocks shall be likely paying dividend in this quarter based on past several year records.
Again, if I have spare cash, Keppel appears the better investment. I am tempted to wait till it hits below 5.9 which I know will likely to happen soon. Maybe this week.. ??
Please see my disclaimer in my blog.
In the morning, the stocks give up yesterday gains.
These stocks are on a down trend since 2 years ago. Looks like these oil related counters in the Singapore market does not fair well in the current global environment.
We are back in square 1. I think the market will be looking for positive news before going up again.
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| SembCorp stock chart |
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| SembMarine Stock Chart |
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| Keppel Stocks Chart |
These companies shall be reporting their quarterly results in next several weeks. Given the macro economic picture, it is likely that the profits will be challenged. None of these stocks shall be likely paying dividend in this quarter based on past several year records.
Again, if I have spare cash, Keppel appears the better investment. I am tempted to wait till it hits below 5.9 which I know will likely to happen soon. Maybe this week.. ??
Please see my disclaimer in my blog.
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