Last day of 2009, a pretty much volatile year for stocks worldwide. Singapore, which suffered or should I say, experienced relatively less volatility than other countries around the world, is gearing up for a more predictable 2010. Personally I would stay out of the US market, though news about recovery constantly return, there is still talk hovering around that fundamentals are not strong enough yet.
The STI seems all set to hit 2900 in the first week of 2010. It seems to be the trend nowadays that no bad news is good news, and if it continues that way, 2010 would offer some steady growth for stocks that have some decent fundamentals and upcoming projects, yet dragged down by negative sentiment this while.
The 3 Singapore banks will continue its uptrend in price, at least in the first month or so and other stocks that are worth having a second look at include Ho Bee, Hyflux, Keppel land and Sembcorp Marine.
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