I have $47,000 cash in my SRS account and $69,000 cash in my POEMS account. The total is $116,000 SGD.
As some good value stocks had dropped over 10% during the past month, I decided to invest the cash in these stocks:
SRS
H78 - Hong Kong Land, dropped by 14.01%
Poems
0386 - China Petroleum, dropped by 17.02%
2866 - Cosco Ship Development, dropped by 18.39%
I have covered these stocks in my earlier posts. They have large capitalization, low price earning ratio and good dividend yield.
I find these stocks to be attractive due to the drop of over 10% during the past month.
Note - I am sharing my personal investment decision. I am not giving investment advice.
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