Just a quick check on what some market indices look like. Looks like a correction (if not a full blown bear) is in full swing.
And some local Singapore banking stocks.
As well as a couple of ETFs tracking the Singapore and Hong Kong market
If we use dividend yields as a rough valuation guide, by plotting a graph of the dividend yields of the 2 ETFs from 2010 to now and comparing it against the average yield from 2010 to now, it looks like the yield at current price is going above the average yield.
STI ETF
The STI ETF yield is approaching a high, from 2010 onwards. Its yield is about 3.75% and if the ETF price hits 2.80, meaning the STI index drops to 2800, the yield would be about 4%.
Tracker Fund of Hong Kong
The Tracker Fund is surprisingly still not at a high if we look at the yields from 2010 onwards even though it has dropped close to 25% vs the 52 week high.
I guess this is the time when everyone's fortitude is tested. In such a market, most fundamental or value investors should start hunting for bargains.
None of the above should be construed as investment advice. Do your own due diligence as I will not be responsible for any loss/risk.
And some local Singapore banking stocks.
As well as a couple of ETFs tracking the Singapore and Hong Kong market
If we use dividend yields as a rough valuation guide, by plotting a graph of the dividend yields of the 2 ETFs from 2010 to now and comparing it against the average yield from 2010 to now, it looks like the yield at current price is going above the average yield.
STI ETF
The STI ETF yield is approaching a high, from 2010 onwards. Its yield is about 3.75% and if the ETF price hits 2.80, meaning the STI index drops to 2800, the yield would be about 4%.
Tracker Fund of Hong Kong
The Tracker Fund is surprisingly still not at a high if we look at the yields from 2010 onwards even though it has dropped close to 25% vs the 52 week high.
I guess this is the time when everyone's fortitude is tested. In such a market, most fundamental or value investors should start hunting for bargains.
None of the above should be construed as investment advice. Do your own due diligence as I will not be responsible for any loss/risk.
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