STI managed to reclaim 3000 points. Asian market rally after strong finish from overnight Dow. We believe that market will be choppy from here on, so swing trading might not be ideal. However, for individuals that are interested to buy and hold for a few months, there are a few stocks that we feel that it might worth the shot. STX OSV –> Stock gapped down because of the high payout in dividend. Stock now trading around $1.60. There are chances that stock can break through $1.675 and further. Singtel –> High weightage as an STI component. Stock is not performing with relative to the rally. However, if stock is able to break through $3.40, we can see a potential run. Since this is a defensive stock, individual can consider to include this in their portfolio, collecting dividend. Sentiment –> Neutral, inclined to bullish.
