Best potential
In my opinion banking stocks have the greatest potential. Firstly, banks benefit from the good business of other companies because these companies tend to take loans from banks to fund their expenses.
Secondly, banking stocks are not cheap and hence there are less retail investors who are usually the first to panic sell and send the price tumbling down. Look at what happened to SIA, Sembcorp and CapitalandInvest in the pass few weeks.
Thirdly, all the local banks seem to have a good business model with plans in place to expand into the region. OCBC and UOB into Asean and DBS into China. These locations have great potential and will bring lots of upside in the medium to long term.
So buy while it’s still affordable and keep to enjoy the dividends and the potential upside. Don’t keep buy and sell. If you sell and the stock price shoots up, you’ll miss the boat! And in SGX there aren’t many boats like these 3.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Explorer_ : thanks for sharing
dydxequalszeroOP Explorer_: No problem. Good luck to you. Invest with a grounded approach and stay safe.
polite Crane_9645 : Great sharing, thank you
dydxequalszeroOP polite Crane_9645: No problem. All the best to you!
10baggerbamm : if you're looking at risk rewarding value I do agree with banks but I'm going to give you a tech company that so far off the beacon path that it's been forgotten about. KNDI. you're really popular game right now the company has 130 million in revenue and a market capitalization of 211 million dollars with 28% year-over-year revenue growth. price to revenue less than two to one. they just completed their Us distribution Network in Q4 of 2023. the management has approved a $30 million stock buyback this calendar year in the open market. it's been publicly traded for well over a decade and there's been many of instances where the stock has gone up significantly into the low 20s the high teens the mid-teens with very little volume. so from risk reward value this is it take a look.
dydxequalszeroOP 10baggerbamm: Thanks for sharing!
10baggerbamm dydxequalszeroOP: you're quite welcome so my suggestion if you have the money available a lot some money invest it in this company and be patient because word will spread through various forms as to the value that exists here again a typical tech company trades 10 to 15 times revenues this company is under two times revenues. if it just gets to the low end of parity at 10 times the stock is 5X greater than the current price the difference is we are not in a normal market now people are chasing momentum and buying breakouts so this can very easily go to the old highs which was 22 and a half.