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How about GIlD, MU and BP? GILD is my top pick. It has risen a lot for the past year but I think it still has some room to go.
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31-10-2014, 01:25 PM
(This post was last modified: 31-10-2014, 01:57 PM by Big Toe.)
Forgive me for saying this but U.S. have got nothing to buy? Stocks in the SGX better?
Nothing could be further from the truth.
1. Some sector valuations are indeed on the high side in the U.S., but there are many sectors that have not reached normalized earnings and in recovery phase.
2. In Singapore, except for very very very very very small pockets of bright spots, what's going to drive the earnings going forward? Nothing. Speculation might drive share prices up but nothing tied to fundamentals. STI dramatically lagged way behind regional and most global indices. The gap might narrow as regional peers have gone up faster than actual growth and probably due for a correction.
3. Off hand, looking at the larger cap, some of them which makes up the STI,
Singtel, any one wants to comment?
SPH, print/media and property. Both are not a good place to be in right now.
Property counters, Can write off any bumper profits in sg, overseas still uncertain...probably not much better
Banks, probably one of the slightly brighter sectors
Venture/Manufacturing, sgp manufacturing have not invested enough to compete against developed countries and too expensive compared to low cost countries. In terms of scale, our CMs are unable to compete with likes of foxconn.
Genting, a sizable company. Over priced, issued too many shares, spent too much money on construction in the first place, over hyped. Perfect candidate for shorting, the price movement in the last few years is due to more shareholders waking up to actual prospects of this company. To keep the dream alive, they developed a japan story...even if it materialize, from the way things are managed, will be surprised if shares are not drastically diluted again.
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There is a reason for higher valuations. US stocks are known to pay increasing dividends for years. Looking at STI stock, they are at best increasing at a very slow rate or trying to maintain it.
STI stocks are considered cheaper in valuation as they have almost no growth or even decreasing in profits for the next few years i.e. Keppel Corp, Sembcorp Marine/Industries, ST Engg
Vested in both US and STI stocks. Moving more to US stocks
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It's silly to get involved in a wahkao discussion but since Blancfable has made some good points the thread might actually go in a positive direction!
One area where the US market really seems to have an advantage vs SGX is corporate governance and capital management - the stricter regulation and more activist culture seems to make companies run with a greater focus on shareholder value. Of course, there are multiple exceptions
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