The Straits Times Index (STI), Singapore’s benchmark index featuring the 30 largest and most liquid companies listed on the Singapore Exchange (SGX), is currently hovering near its highest point since October 2007.
Likewise, many other stocks listed on SGX, and throughout the world, has consistently broken their 52-week high prices in the whole of 2017 and the beginning of 2018.
In this edition of our 4 Stocks This Week column, we feature 4 stocks that are still trading near its 52-week lows.
#1 Singapore Telecommunications Limited (SGX: Z74)
At the tail-end of 2017, SingTel lost its place as Southeast Asia’s most valuable company when DBS overtook it. Since then, SingTel has continued to face headwinds in form of lower contributions from its associate companies and the impending arrival of a fourth telco in the Singapore market.
As at Friday (2 February 2018), SingTel’s share price is trading at $3.49. This is at its 52-week lows, coming down from its 52-week high at $4.00 in July 2017. The last time it hit this level was back in January 2016, more than two years ago.
SingTel will be announcing its 3rd quarter results on Thursday (8 February 2017), and any adverse results could further fuel its downward price trajectory.
#2 Wilmar International Limited (SGX: F34)
Wilmar claims to be the world’s largest processor and merchandiser of palm and lauric oils, as well as amongst the top 10 raw sugar producers in the world. Its extensive agribusiness spans over 40 countries across six continents.
As at Friday (2 February 2018), Wilmar’s share price is trading at $3.16. This is close to its 52-week low level of $3.08, which was on 6 December 2017, an approximately 20% lower than its 52-week high level of $3.95, in February 2017.
Wilmar will be announcing its FY2017 results on 22 February 2018. In its 3rd quarter results, it experienced narrowing profitability, and further squeezing in margins could lead to weaker share prices.
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#3 Jardine Cycle & Carriage Limited (SGX: C07)
Jardine C&C is a member of the Jardine Matheson Group, which employs over 430,000 people and have businesses in the fields of motor vehicles, property investment and development, food retailing, home furnishings, engineering and construction, transport services, insurance broking, restaurants, luxury hotels, financial services, heavy equipment, mining and agribusiness.
Jardine C&C is involved in the motor vehicles and related operations business of this multinational conglomerate.
As at Friday (2 February 2018), shares of Jardine C&C are trading at $40.00. This is less than 3.0% higher than its 52-week low of $38.85, which was in September 2017, and 16.9% lower than its 52-week high price of $48.11, in April 2017.
Jardine C&C is expected to release its FY2017 results at the end of February 2018.
#4 Alibaba Pictures Group Limited (SGX: S91)
Alibaba Pictures Group is the entertainment subsidiary of Jack Ma’s Alibaba Group Holding which is listed on the New York Stock Exchange (NYSE). Alibaba Pictures itself is listed in Hong Kong, and its Singapore listing represents a secondary listing for the group.
As at Friday (2 February 2018), Alibaba Pictures is trading at $0.184, which is its 52-week low. This is 24.0% lower than its 52-week high price of $0.242, which was in March 2017.
Despite reporting a revenue close to four times higher than the previous corresponding period in its last announcement, the group continues to be loss-making. This is on the back of its selling and marketing expenses.
Alibaba Pictures should be releasing its next set of results at the end of March. A continuing loss-making trend could see its share price fall further.
Other Stocks Near 52-Week Lows
Other popular stocks that are also trading near their 52-week lows include Hutchinson Port Holdings Trust, Sheng Siong, Fragrance Group, Yeo Hiap Seng, RHT Health Trust, Del Monte Pacific, and several others. You can use SGX’s StockFacts screener to narrow down your search criteria and learn more about these companies.
If you are interested to read more about Singapore stocks, you can check out our extensive archive of articles of 4 Stocks This Week. To stay up to date with the latest news on the Singapore Exchange, you also can check out the SGX My Gateway Market Updates to get more insights.
Stay Up-To-Date With The Market
One easy way to stay updated with market news, price trends and financial information is to utilise stock investing and charting tools. If you’d like to try a stock investing and charting tool, DollarsAndSense has partnered with ShareInvestor WebPro to give you a headstart with a 3-months complimentary Dow Jones Market Talk subscription (worth over $30) and a free 8 GB memory drive today.
On the ShareInvestor WebPro investing and charting tool, you will receive a full suite of fundamental and technical data on stocks listed on the SGX as well as Malaysia, Hong Kong, Indonesia, US, Thailand and Australia. In addition, you can find detailed financial reports, news stories, financial ratios and utilise charting tools to aid in your stock analysis.
4 Stocks This Week is not a recommendation from us to buy or sell any of these stocks. For investors who are keen to find out more, you should continue researching about them before making your investment decisions.
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