Most investors in SGX REIT securities would be aware that they have been hammered in recent months because of rising rates (for a quick summary of interest rates' impact on REITS, read this).
The hammering was not applied equally. Some, like Manulife had a horrible year. Others were luckier.
The REIT news may have obscured drops in other SGX listed companies. The SPDR STI ETF has dropped about 9%-ish from its 52 week high. So the performance is bad but not as bad as the REITs.
If we head over to the SGX Stock screener tool, and looking for those equities with a market cap of above 250 million, and a 52 week price drop of 20% or more, we get a short list.
Looking at the remaining stocks, we see a few with a market cap bigger than 1 billion, which have fallen 20% or more.
This is obviously just a starting point for looking for bargains, and remember, they can continue to drop from here. However, we should not let the noise from the REIT market distract us from other potential opportunities that Mr Market has thrown up.
As always. do your own diligence, caveat emptor. Not investment advice.
The information provided on this finance blog is for educational and informational purposes only and should not be construed as financial or investment advice. You should always do your own research and due diligence before making any investment decisions. Any reliance you place on the information provided is strictly at your own risk. I will not be liable for any losses or damages that may arise from your use of the information provided on this blog. Remember, investing involves risks and there is no guarantee that any investment will achieve its objectives or that any investment strategy will be successful. Always consult with a licensed financial professional before making any investment decisions.
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