From the end of 2018 till 30 April 2019, the Straits Times Index (SGX:^STI) has rallied some 11%. If you are considering to include some SGX stocks to your portfolio amid the stock market rally, you can observe the following stocks below. 

How are the results generated?
That is to use the data from S&P Global Market Intelligence, and a magic formula methodology popularised by Joel Greenblatt. The basic proposition of the Magic formula is to find the 30 best shares in the market ranked by how much it undervalued and the quality of the stock.

With that, here’s a list of the top 10 out of those 30 stocks in Singapore’s stock market for May 2019:
Noble Group Limited (SGX:CGP)
Delong Holdings Limited (SGX:BQO)
China Sunsine Chemical Holdings Ltd (SGX:CH8)
Haw Par Corporation Ltd (SGX:H02)
Valuetronics Holdings Limited (SGX:BN2)
Yangzijiang Shipbuilding Holdings Ltd (SGX:BS6)
Stamford Land Corporation Ltd (SGX:H07)
AEM Holdings Ltd (SGX:AWX)
InnoTek Ltd (SGX: M14)
Challenger Technologies Limited (SGX: 573)

As shown above, the Magic formula could present companies that look very uncertain. That is why diversification is very important when it comes to investing, you would not want to invest all stocks in one sector. Investors should carry out their own research before purchasing any of the companies mentioned above.

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