Despite the concerns over the US Tex reforms, the FTSE Straits Times Singapore is showing its strength in recent times the geo political scenario and global market uncertainty STI had kept its bullish movement going with keeping its bullish trend intact.
According to the forecast we had provided in the previous blog post the Straight Time Index had crossed the level of 3360 and now it is heading to test 3490 levels however the movement in the index can hurt in the month of December due to festival session and cyclic decreased volume in the market.
To maintain earning profits and to make your investment portfolio stronger we had shortlisted few companies worth investing in which are listed in the Singapore stock market. These companies are selected based on in depth fundamental and technical analysis. The companies we had suggested satisfy all the key factors which makes a stock worth buying and they have a very good potential to achieve capital appreciation goal for the investors.
Accordia Golf Trust
Accordia Golf Trust (SI:ACCO) is a Singapore based business trust comprising investments in golf course assets mainly in Japan. Compared to its peers AGT have a very attractive dividend yield of 7.5% with a P/E ratio of 16.69 which makes it a very attractive investment venue for investors. It is so popular in its sector that the big player like Goldman Sachs Group (NYSE:GS) and Morgan Stanley (NYSE:MS) are holding a big chunk of its shares.
On technical ground, Accordia is trading at a very attractive price of S$0.770 with a medium-term bullish trend, which makes it a good pick for long term investors.
Best World International Ltd.
After the disappointing quarterly results, Best World International (SI:BEST) dropped significantly but that doesn’t changes the view of analysts who aim for capital appreciation in a long investment duration as the company is one of the leading Singapore based nutritional supplement, healthcare and personal care product manufacturer and sell in south east Asia, with a market capitalization of 704.11MM SGD. With a dividend yield of 2.5% and EV/EBITDA of 10.34 the stock is a must have in a long term investment portfolio.
On a technical basis, combined with the recent price drop, the stock price is currently in an oversold zone and is hovering near support, which is indicating a potential rebound from this level and with a very strong fundamental background a long-term investor can consider buying the stock at current price.
Raffles Medical Group
Raffles Medical Group (SI:RAFG) is a Singapore based leading integrated private healthcare provider. It operates its business in broadly three segments which comprises of healthcare service, investment holdings and Hospital service. With a proven track record and a constant approach to grow and expand its business with a very attractive EV/EBITDA of 21.53 and dividend yield of 1.73%, Raffles Medical Group is one of the best ventures to invest in the healthcare segment.
On charts, Raffles Medical Group is looking very attractive. After a long-term down trend, the counter is finally showing signals of rebounding as it had taken the support near 1.04SGD levels and now it is currently trading range-bound at 1.155 and if the counter will break the level of 1.200 levels we can expect a bullish trend in this counter.
Yangzijiang Shipbuilding Ltd.
Yangzijiang Shipbldg (SI:YAZG) is an investment holding company engaged in the business of building a wide range of ships. The company is also present in agency service providing space for shipbuilding and related activities. Yangzijiang Shipbuilding operates is business through South East Asia but its headquarters is based on China and it is listed in Singapore stock exchange.
The stock of this company is one of the best to trade in Singapore market due to its daily volatility with adequate volume to trade also on technical ground. The stock is following a strong bullish trend with the fundamental fact that it is constantly improving margins on a quarter-on-quarter basis with a strong dividend yield of 2.39%, which makes this counter a very attractive buy. However we suggest to wait for a correction in the price and buy this counter on dips to board up on the gaining streak.