Stocks hit by MSCI removal. Buying opportunity?
A number of Singapore stocks fell today after it was announced that they would be removed from the MSCI Singapore Index.
Seatrium was down 12%
Jardine C&C was down 4.3%
Mapletree Logistics Trust was down 3.7%
City Developments was down 2.2%
Mapletree Pan Asia Commercial Trust was down 1.6%
Find out why the news led to such a sharp selldown in these stocks, and whether this might present a buying opportunity for these stocks.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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WinningTrader : Buy if no change in fundamentals.
Deep Sea : Can buy since fundamentals are still strong
933199333 : Haha.. Bull shit. Just buy and collect 7+% div.
104716151 : but is it safe to buy, because after removal from MSCI on 30 May, the price will further drop from here right.