How much more to fall for STI ?

TVC:STI   Straits Times Index
Maybe the locals here love STI more than anything as they are familiar with it.

I have shown you guys before here why I prefer investing in US indices over STI .

Again, no right or wrong, it depends on your level of comfort and preferences.

Today, the government announced an important piece of news , read here..

For those who are looking to invest in local stocks should pay attention to this news as it means a return to normalcy (at least 50% of pre-Covid 19 days, I hope) as workers are returning to office, entertainment pubs can reopen, restrictions lifted for sports facilities, etc.

We are about 3 months away from year end and if this reopening does coincide with the festive seasons like Christmas , it may be a good boost to the retail markets.

Of particular interest, I am watching some stocks that I either have invested or intend to take a position; these include but not restricted to

Suntec City

Comfort Delgro

Genting Singapore

DBS Bank

Wilmar , etc.

Also, December is a school holiday month and if certain travels are allowed, this would also boost the much needed retail therapy and travelling that many missed.

You would note from chart that DBS bank has a very close pattern with the STI as it is one of the main component stock of STI . Yes, DBS is also embroiled in some way with the 2 trillion money being laundered. Not sure how long the investigation would take, but I guess it may takes a while.......So, no hurry to scoop up the prices as you can see there is some more room to fall.....

Hang on there guys, light is at the end of the tunnel , stay positive .
Comment: both STI index and DBS have broke out of its bearish trend line and are poised to go higher from here.


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