Seeing the value of your investments drop is never pleasant. However, when stocks take a nosedive, it might just be the perfect moment to swoop in and buy shares of robust businesses at a discount, particularly when many investors are feeling downbeat.
That said, it’s crucial to thoroughly evaluate the fundamentals of the business in question to decide whether it’s worth your time and money. Today, we’ll look at five Singaporean stocks that have recently hit their lowest points in a year.
First up, let’s delve into whether these could be underrated gems waiting to be discovered.
Digital Core REIT (SGX: DCRU)
Digital Core REIT, often referred to as DCR, specializes in data centers and boasts a portfolio of 10 facilities valued at US$1.4 billion as of the end of September 2024. Over the past year, DCR has seen its unit price plummet by over 20%, hitting a yearly low of US$0.52.
Back in November 2023, the REIT successfully navigated through some customer bankruptcy challenges. Now, with the backing of its sponsor, Digital Realty Trust (NYSE: DLR), the REIT is set to manage its assets proactively.
