Stock markets are soaring and are mostly driven by countries printing money or cutting interest rates in an effort to spur growth in the economy. However, some rises are not justified by fundamentals, therefore are vulnerable to correction. Although there are many overpriced stocks being overbought but some of the low volume small caps stocks are still undervalued and not overbought yet.
This is a period when companies are releasing their results and some of the companies are reporting significant earnings but have not risen in value.
My advice is to take a look at the results and seize the opportunity before the markets realized them.
Stocks like Singtel and Starhub are likely to correct, especially Starhub which had been constantly rising in value.
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