We got 3 stocks today that looks pretty over sold
Ascendas REIT
Click to see bigger chart
It has been hovering at this level for some time. One of the biggest REIT around and certainly a good forward yield at 6.9%. It does look like it has a tendancy of turning down.
Suntec REIT
Click to see bigger chart.
The office REIT sector have been hard hit by a slew of office spaces fighting for occupancy. Is 1.36 a good level? Do note that forward yields are lower than the past.
M1 Limited
Click to see larger chart
Or thats what we will be calling it in the future as part of the AGM resolution is to change the name to such. I really hope they did a feng shui analysis on this. Although the breadth indicators look good, i am skeptical that i am suppose to pay a historical safe 6.4% yield at this price.
We really hope that there is a earnings revision upwards, else the yield does not present a good risk vs reward.
I run a free Singapore Dividend Stock Tracker available for everyone’s perusal. Do follow my Dividend Stock Tracker which is updated nightly here.
- Standard Chartered brings A-Grade Financial Planning Capability to their Customers for FREE - April 17, 2021
- Grow Your Wealth, Receive Recurring Income with MoneyOwl WiseIncome - April 11, 2021
- Does Your Desired Financial Freedom Lifestyle Cost SG$4.3 million? I break down the numbers realistically. - April 10, 2021