Sunday, August 10, 2008

Random stocks at 52 weeks low

I am quite surprise to see some stocks trading at their 52 weeks low as at Friday’s closing price. I have used Share Junction to list down some stocks that are at their 52 weeks low (closing price). It is non exhaustive and may be inaccurate.

Allgreen: $0.895

Capitaland: $4.86

C&G Ind: $0.165

Starhub: $2.65

Pac Andes: $0.42

China Fish: $1.25 (also at all time low)

Cosco: $2.44

HK Land: US$3.76

Hongguo: $0.33

Kim Eng: $1.35

UOI: $3.39

Yangzijiang: $0.665 (also at all time low)

Almost 90% of SGX stocks are trading near their 52 weeks low.
Possibly a good signal to buy?


musicwhiz said...

Hi SGbluechip,

Thanks for the list. I am also looking out for some companies to increase my stake and will do so when valuations are attractive. Of course, I need to have an eye on the underlying business as well. No use buying a company at 52-week or all-time low and its business is suffering, then I guess it deserves to trade at a low ! Even in a bear market, it is necessary to separate the wheat from the chaff.

If Mr. Market remains depressed long enough, it will give great opportunities to buy into strong companies for the long-term.


Sgbluechip said...

Thanks for replying my question.

Indeed, I used to be at a dilemma of putting money in bank or investing. I chose the latter and have never looked back. I believe my pay and dividends in the long run will provide me with adequate cash flows to buy into the market periodically. I believe I may not get astrnomical returns but I will certainly enjoy fruits of my labour, slowly but surely.

Anonymous said...

Hi sgbluechip,
I am not an investor, but like you I am not earning a decent percentage by putting my savings in the bank.
Would appreciate if you could list out some companies' stocks that I could buy in to earn a dividend. What do you think of STI ETF? A lot of people regard it as a safe investment. But, I have been watching the finance chart and found that it keeps dropping. Is it all right to buy in?

Sgbluechip said...

Actually the amount of dividends you get depends on the price you buy the stock. If a stock is yielding 20% dividend yield at $1 a piece, demand will drive the stock price up to say $2 and yield will drop till 10%.

Consider REITS if you want to earn a high yield.

STI ETF has a dividend yield of only 3.5%. Invest your CPF OA in it, cash I still prefer SPH, Singpost and banking stocks.

Anonymous said...

I want to thank you for you reply.
Recently, I signed up with Phillips Securities and started to use the online to purchase two different stocks and STI ETF. One stock is mentioned by you, i.e. Singpost.
Each time I only try 1000 shares. What is the minimum shares to buy in that makes a purchase worthwhile? I realised that I have to pay two fees for two different stocks on the same day I bought them. Shouldn't I buy 2000 shares or more for one type of stock for one fee?

Sgbluechip said...

Usually you need to purchase at least $9000 worth of stock to make the purchase worthwhile.

If not, you will need to wait for the counter to jump many bids in order to break even.

You will need to pay brokerage for one stock bought in a single contract. A different stock will be in another contract. Hence, the different fees invovlved.

You might want to get some self help books or consult your broker before you start trading. It will save a lot more money!

Good luck!

Anonymous said...

Thanks for your info. In future I would buy in about S$9,000 for each stock.
Reading your website has helped me a little better.
I am trying to venture into this in a small way of diversifying my financial portfolio and your advice is valuable to me.
Thanks once again.

Anonymous said...

Please correct me if I am wrong. Supposedly I keyed in 2.8 for this stock and before I could withdraw it was done by the broker because there was already a seller at hand. That is to say I agreed to pay at this bid. Then later in the afternoon, the share dropped and I decided to buy in another lot of the same share, and in the late afternoon, I got the bid - now is the question: I just have to pay for this same share for one fee, am I right?
I am trying to understand your statement: "If not, you will need to wait for the counter to jump many bids in order to break even."

Sgbluechip said...

I think you are quite confuse with the brokerage fees structure.

Do open a trading account and use their online calculator to check on the brokerage cost issues and the optimal lots to purchase.

Althernatively, you can call your broker for clarifications. He should have a lot of time at his hands now!