Just For Thinking ...
Does defensive stock exist in the stock market? e.g Singtel, starhub, sph, singpost, smrt, etc
Or investors have confused dividend yield or income stocks as defensive stocks? You see how the stock price of singpost has fallen. Scary hor. Hardly defensive.
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41 minutes ago
Hi Uncle,
ReplyDeleteif a "defensive" stock is determined by its beta, then yes, there is a term call "defensive stock".
Hi CW,
ReplyDeleteEverything being equal, defensive stocks to me means after every 'Melt-down of the Markets, the stocks are still around. Not only around, the companies of these stocks will be able to prosper again as the economy improves.
So you see cyclical stocks can be a "defensive stock" too if you are not a "dividend income investor"
Cheers!
From Wikipedia:
ReplyDelete"Defensive stock are stock that provides a constant dividend and stable earnings regardless of the state of the overall stock market."
So, by definition, Singpost is a defensive stock. ;)
Hi AK71,(Excuse me CW),
ReplyDeleteSo are VICOM, APB, SMRT, F&N, CEREBOS and many more. They all seems to be "very boring stocks" Actually if you follow a market long enough you will "instinctively' know which are the defensive stocks. Mr Market will tell you so.
My 2 cents.
Cheers!
Hi Temperament,
ReplyDeleteYes, let me throw in my 2 cents in agreeing with you. 8-D
Prices of defensive stock will still take a few knocks. That is just price.
Defensive stock does not mean that they have ironclad stock prices.
Indeed for some investors, they would take advantage of weakness in prices to accumulate. :)
Hi AK71,
ReplyDeleteActually hoh, i depend on some of these defensive stocks to survive in the market. Ha! Ha!
Sorry i can't decode 8-D.
Hi Temperament,
ReplyDeleteSPH is my single largest investment in a blue chip. ST Engineering is an investment from my early days as an investor. People have called them boring and some even called them lousy stocks but their steady, plodding style and the regular, predictable dividends outperform FDs and beat inflation.
So, we are on the same boat.
8 = glasses
- = my nose
D = a big grin
8-D = me grinning
Oh i see.
ReplyDeleteWhat I leanrt from the recent sub-prime crisis is that all stocks tumble down regardless if it is bluechip, defensive stocks, midcap or penny stocks. They come down at different level.
ReplyDeleteSo when bear market appear, I will run for life. Come back again when the dust has settle down.
Hi ANON,
ReplyDeleteYou said:-
"Come back again when the dust has settle down".
Interesting! May we learn from you how you do it?
Wow! I bow in deference to anon 13:00.
ReplyDeleteThere is wisdom in the question!
Dragons and pythons intermingling here :)