If you are a value investor, there are established metrics that you look for in search of "good" stocks. Courtesy of a new SGX article, we know of over 40 Singapore-listed stocks that posted price gains over the past year, maintain single-digit P/E ratios and double-digit ROEs. Such stocks would be of less interest to you if they were illiquid -- and there are many. Then there are the most traded stocks of the cohort over the past 5 weeks -- Singapore Airlines, Geo Energy Res, Golden Agri, Food Empire, TJ DaRenTang, Valuetronics, Marco Polo Marine, Ley Choon, Bumitama Agri and Stamford Land. Adding to their liquidity attractiveness, Golden Agri, Food Empire, TJ DaRenTang, Bumitama Agri are currently trading below their consensus estimate target prices. |
That's not all -- another metric to consider is book value.
Just over half of the 40-plus stocks are also trading below their book value, and from a dividend perspective, three in four of the stocks maintain indicative dividend yields averaging 5.0%.
Sounds great? There are nice value stocks waiting for your attention .....
The table below comes courtesy of the SGX Stock Screener which can be used to compare and contrast stock financials, valuations, price performances, volumes and corporate announcements.
Soon after the 6 Feb market open, the screen generated the following table of the 10 most traded stocks that
1) posted price gains over the past year,
2) maintain single-digit P/E ratios and
3) double-digit ROEs.
Stocks |
Last |
ROE |
52-wk |
P/E |
Yield |
SIA |
6.840 |
13.2 |
14.6 |
7.6 |
5.6 |
0.400 |
21.8 |
27.0 |
5.0 |
13.5 |
|
Golden Agri-Res |
0.270 |
11.5 |
7.8 |
4.5 |
3.6 |
1.380 |
22.4 |
83.9 |
9.1 |
3.2 |
|
TJ DaRenTang USD |
1.680 |
15.0 |
41.2 |
9.5 |
9.4 |
Valuetronics |
0.600 |
10.9 |
9.6 |
9.9 |
4.0 |
MarcoPolo Marine |
0.053 |
14.7 |
20.5 |
8.5 |
1.9 |
0.038 |
20.2 |
123.5 |
5.7 |
N/A |
|
Bumitama Agri |
0.615 |
15.1 |
2.6 |
6.7 |
9.3 |
Stamford Land |
0.395 |
21.7 |
1.3 |
3.5 |
1.3 |
The above is a simplified table.
There is another table of stocks that meet the screening criteria but which were not among the 10 most traded stocks in the past 5 weeks.
Check them out on the SGX website -- and may you huat in the new year.