The Motley Fool

30 Singapore Shares That Could Go on to Crush the Stock Market

If you are looking for Singapore stocks to buy in August 2019 and beyond, look no further. We found some interesting candidates using our data provider, S&P Global Market Intelligence, and the Magic Formula methodology popularised by Joel Greenblatt.

The basic premise of the Magic Formula is to find the 30 best shares in the market as ranked by their cheapness and their quality and to hold on to that basket of shares 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’s a list of the top 30 shares in Singapore’s stock market for August 2019:

1)      Noble Group Limited (SGX:CGP)
2)      China Sunsine Chemical Holdings Ltd (SGX:CH8)
3)      Valuetronics Holdings Limited (SGX:BN2)
4)      Delong Holdings Limited (SGX:BQO)
5)      Yangzijiang Shipbuilding (Holdings) Ltd (SGX:BS6)
6)      Best World International Limited (SGX:CGN)
7)      InnoTek Limited (SGX:M14)
8)      HRnetGroup Limited (SGX:CHZ)
9)      Meghmani Organics Limited (SGX:M30)
10)   AEM Holdings Ltd (SGX:AWX)
11)   Cortina Holdings Limited (SGX:C41)
12)   Challenger Technologies Limited (SGX:573)
13)   TPV Technology Limited (SGX:T18)
14)   Spindex Industries Limited (SGX:564)
15)   Hock Lian Seng Holdings Limited (SGX:J2T)
16)   The Hour Glass Limited (SGX:AGS)
17)   Straco Corporation Limited (SGX:S85)
18)   Lung Kee (Bermuda) Holdings Limited (SGX:L09)
19)   Chuan Hup Holdings Limited (SGX:C33)
20)   Fortress Minerals Limited (SGX:OAJ)
21)   Venture Corporation Limited (SGX:V03)
22)   Sinopec Shanghai Petrochemical Company Limited (SGX:K3DD)
23)   Hi-P International Limited (SGX:H17)
24)   JB Foods Limited (SGX:BEW)
25)   Fu Yu Corporation Limited (SGX:F13)
26)   Nera Telecommunications Ltd (SGX:N01)
27)   Frencken Group Limited (SGX:E28)
28)   Golden Energy and Resources Limited (SGX:AUE)
29)   Micro-Mechanics (Holdings) Ltd (SGX:5DD)
30)   Aspen (Group) Holdings Limited (SGX:1F3)

As seen from the list above, the Magic Formula could throw up companies that may not be doing well. That is why diversification is essential when using this strategy. For important lessons learnt from the previous exercises, you can jump into the article here.

This exercise merely aims to provide some stock ideas for investors who are looking to do better than the market average. Take it like a stock screener where you screen for a specific set of criteria. It is not a recommendation to buy any of the stocks. Investors should carry out their research before purchasing any of the companies mentioned.

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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 HRnetGroup Ltd, AEM Holdings Ltd, Straco Corporation Limited and Micro-Mechanics (Holdings) Ltd. Motley Fool Singapore contributor Sudhan P owns shares in Straco Corporation Limited and Micro-Mechanics (Holdings) Ltd.