Time flies. It is now the last day of 2019 and decade. 2020 shall be a new decade.
Let's take a review of how these these stocks fair for the year.
There is a lot of expectation when Temasek announced the buying of shares in late Oct. There was a shot up in price, but the momentum did not sustained. Now it has been trending lower.
The main challenge is that there is nothing positive news in this counter. The volume in this counter is healthy. It appears that they are apply a digital banking license. This may help the counter a little like Singtel.
Despite, the stock ended the year on a high.
The other similar stock did not end on a high, The volumes have been reduced. Like Keppel, there is not much positive news.
I hope there will have more projects next year. The challenge if the stock could ever recover given the low oil prices.
Like its parent company, SembMarine struggles. The year ended lower despite of a couple of nice news of contracts in December. Volume is relatively low in the end of the year. Lack of interests as they're better stocks to punt.
Singtel ended stronger at the end of the year. It is driven by positive outcome in India and a potential digital bank player with the partnership with Grab. Volumes are healthy and dividend could be better. Hopefully , 2020 will be a better year for this stock with 5G and materialisation of their investments.
Starhub did not perform as well as Singtel. It is off the lows in Q3. Dividend policy of this company is in danger of change given the profitability issue. Volumes are low like SembMarine. Debt is rather an issue with falling APRU. New business sectors have been weak. They are challenged to dream up new revenue streams since their cable TV subscribers are cutting the cord. I think it will test the lows again in 2020.
What should I be looking for in 2020?
The USA stocks has hit the high in 2019. Can it go higher? I think a bubble is forming like 1999. A recession is long over due.
Will a Trump and Singapore election looming, it is hard to see much upside. I will stick to defensive stocks.
Please see my blog for disclaimer....
Let's take a review of how these these stocks fair for the year.
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| Keppel Annual chart |
There is a lot of expectation when Temasek announced the buying of shares in late Oct. There was a shot up in price, but the momentum did not sustained. Now it has been trending lower.
The main challenge is that there is nothing positive news in this counter. The volume in this counter is healthy. It appears that they are apply a digital banking license. This may help the counter a little like Singtel.
Despite, the stock ended the year on a high.
The other similar stock did not end on a high, The volumes have been reduced. Like Keppel, there is not much positive news.
I hope there will have more projects next year. The challenge if the stock could ever recover given the low oil prices.
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| SembCorp Annual Chart |
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| SembMarine Annual Chart |
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| Singtel annual Chart |
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| Starhub Annual chart |
What should I be looking for in 2020?
The USA stocks has hit the high in 2019. Can it go higher? I think a bubble is forming like 1999. A recession is long over due.
Will a Trump and Singapore election looming, it is hard to see much upside. I will stick to defensive stocks.
Please see my blog for disclaimer....
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