For sure, if we were long-term investors, we would love to hold stocks for a very long time, since most of the time, stocks of good companies move in cycles, and tend to rebound after a fall. Kim Eng, in its "Recovery Portfolio" report has compiled a list of local blue chips (personally, I am looking at some of these counters) to buy once that inevitable fall in the stock market arrives.
Recommended Entry Price
Capitaland $1.97-$2.30
DBS $7.70-$10.20
Genting $1.00
Keppel Corp $5.60-$6.39
Noble $0.50-$1.25
SembMar $3.00-3.50
SIA $9.50
SGX $4.00-$5.85
Venture $4.42-$5.25
Since then, Noble has already dipped into the buying zone (Noble CEO Elman has bought 10m shares @1.19 today). However, I am still not buying yet, since I think market is still "rich", and is priming for a fall once this "fake rally" is over.
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