Blue chips still in red sea

STI snapshot



STI components are down an average of 22.9% from their all time high this year. Highlighted in yellow are the "more shock-proof" stocks which are currently down less than 10%, whereas those in red are down by at least 30%.

The generally shock-proof ones are namely SATS, ComfortDelgro and SPH. I would expect Telcos to be resilient but I guessed because of being over-valued at the high, the rebounds are limited.

Most of the blue chips have slightly rebounded since my previous post in September, which were down by an average of 26.2%.

How many of these blue chips could ride the waves and retain their operating profits in downturn? Contract-based companies, those with steady income stream, those dependent on crude oil prices - go figure.

If you are vested, do keep a lookout for their annual reports. Most of the companies has already published their quarterly unaudited earnings on the SGX website.

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