
DollarsAndSense.sg
2020-11-22 10:20:09
Best Performing Transport Stocks [20 Nov 2020] COSCO (SGX: F83); SATS (SGX: S58); HPH Trust (SGX: C6L); ComfortDelGro (SGX: C52)
In the early part of November, global investors rotated out of momentum stocks (particularly those benefitting from work-from-home trends) to value stocks. This was mostly driven by developments of multiple working vaccines, following the US elections.
One of the sectors that have come back into focus in the transport industry. In Singapore, the 10 most traded transport-related stocks gained 11% in November alone.
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In 4 Stocks This Week, we look at 4 of the best performing transportation stocks on SGX in the past 4-weeks period, above the $500 million mark.
COSCO SHIPPING (SGX: F83)
Singapore-listed COSCO (SGX: F82) is engaged in the business of 1) logistics; 2) dry bulk shipping; 3) ship repair and marine