Blue chips in red sea


My premonition of STI breaking support in June turned out to be true, just that I didn't anticipate the big plunge. :(

STI is on average down 25.1% from it's all time high this year. 8 counters have gone down 30% or more from their all time high. All counters suffer price decline with the only exception of SATS.

I did not go digging up each business's net profit/loss. Interested to go blue chip shopping yet? Then you could perhaps look up on the business profit/loss and maybe the dividend yields for those that interest you.

And once again the advice here is - don't catch a falling knife.

*Correction: STI was down 26.2% when CapitaLand is factored in instead of Singapore Exchange (repeated lines). 

Disclaimer:

The contents of this blog are author's personal opinions and do not constitute advice to hold, buy or sell any securities, commodities or assets. This blog may contain affiliate links to external sites.