22 Jun '12, 4pm

Initiating a commodites position – Boom or doom?

Initiating a commodites position – Boom or doom? by B on June 22, 2012 It was 9.am in the morning as I checked into my Singapore account. The previous night DJI slumped to 250 basis points as Moody downgrades the grades for up to 15 banks. How will STI perform today? I believe everyone will agree that valuations for some of the blue chips that we have here is still expensive. Look at Keppel, Sembcorp, Telcos, Reits such as CMT, FCT, Cache, ….etc. As such, there’s no point to enter at such valuations at these moments. The huge volume is currently at commodities play such as Noble, Sakari, Olam and Wilmar. To date, my portfolios have mostly consist of dividend play which I will be looking to add more should the price gets attractive at valuation (currently eyeing CMT price in particular). Fortunately and unfortunately, the price has not gone down to my target price and as su...

Full article: http://thefinance.sg/2012/06/22/initiating-a-commodites-p...

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