From its peak in early May 2018, the Straits Times Index (SGX: ^STI) has fallen by some 17%. Even though the stock market has been jittery of late, some stocks could go on to beat the market.
Using data from S&P Global Market Intelligence and the Magic Formula investing strategy developed by investor Joel Greenblatt, I found some of the best Singapore-listed stocks for November that could go on to do well.
The basic premise of the Magic Formula is to first find a list of the best shares in the market as ranked by their cheapness and their quality, then buy that list of shares and hold them for a year, before repeating the ranking process. For a deeper understanding of how the formula works, here’s an article explaining the strategy.
With that, here are the top 20 stocks in Singapore’s stock market for November 2018:
1) Noble Group Limited (SGX:CGP)
2) Lung Kee (Bermuda) Holdings Limited (SGX: L09) (SEHK: 255)
3) AEM Holdings Ltd (SGX:AWX)
4) Delong Holdings Limited (SGX:BQO)
5) Aspen (Group) Holdings Limited (SGX:1F3)
6) China Sunsine Chemical Holdings Ltd (SGX:CH8)
7) Sinostar PEC Holdings Limited (SGX:C9Q)
8) PCI Limited (SGX:P19)
9) APAC Realty Limited (SGX:CLN)
10) Golden Energy and Resources Ltd (SGX:AUE)
11) Valuetronics Holdings Limited (SGX:BN2)
12) Challenger Technologies Limited (SGX:573)
13) Yangzijiang Shipbuilding Holdings Ltd (SGX:BS6)
14) Hi-P International Ltd (SGX: H17)
15) Geo Energy Resources Ltd (SGX:RE4)
16) Yanlord Land Group Limited (SGX:Z25)
17) PropNex Ltd (SGX:OYY)
18) Stamford Land Corporation Ltd (SGX:H07)
19) Boustead Singapore Limited (SGX:F9D)
20) Hock Lian Seng Holdings Limited (SGX:J2T)
This exercise aims to provide some stock ideas for investors who are looking to beat the market. See it as a stock screener where you screen for a specific set of criteria. My article is not a recommendation to buy any of the stocks mentioned above: Investors should carry out their research before purchasing any stock.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of AEM Holdings Ltd and Boustead Singapore Limited. Motley Fool Singapore contributor Sudhan P owns shares in APAC Realty Limited and Boustead Singapore Limited.