Pretty unbelievable, and no one knows why. But there are many suspicious details: the fact it is mostly owned by institutions and not retail buyers; that there's a large spread between bids; and even that its website is vague about what it does...I'm short on this stock. In the near term, given the hype around it, there's still potential for its price to increase and traders to get lucky. But luck is the key word here; are you willing to take the gamble?
Even as the market falls, there are some opportunities for stocks to grow... On my watchlist these days are oil and gas stocks. $Occidental(OXY)$tops the list. With the backing of Wareen Buffet, I feel safer putting my money into this stock.
$Amazon.com(AMZN)$is splitting its stock today. Each share of Amazon will become 20shares While this doesn't affect the value of the company, shares become more affordable for retail investors. I'm looking forward to finally owning some Amazon shares :)@Daily_Discussion
$PARKSON RETAIL ASIA LIMITED(O9E.SI)$was oversold in the last 2 days, but now starting to regain its share price. If you were watching this stock, you'll noticeits price went up 5x over the last 2 weeks, from about $0.010 to a peak of $0.053. The reason for this is its much improved financial results from the last quarter. Upon reviewing those results, one strong reason for its increase in earnings is the fact that it implemented a series of cost cutting measures over the pandemic period, which contributedstrongly to its profits. I expect that in the next quarter, Parkson Asia will be able to sustain this growth. The restructuring measures it took has benefited the company, and will continue to do so. Even as the markets
$G. K. GOH HOLDINGS LIMITED(G41.SI)$seems to be a company that has been overlooked. The financial sector is a sector that's often recommended. And when it comes to it, mostpeople focus on banks. However, the financial sector is more varied than that, and includes company's like G K Goh, which focuses on investments and holdings. Additionally, the company booked huge earnings for 2021. Just look to its dividend payout for FY 2021: a whopping 18%. As the economy rebounds and grows, ignorethis stock at your peril. @Daily_Discussion@TigerStars@CaptainTiger
$SAMUDERA SHIPPING LINE LTD(S56.SI)$ is racing back up today. It traded at an average of $1.00 or higher before it paid out a bigdividend of about 13% in May. Looks like the stock price is now recovering from this huge payout.The company is also expected to bring in increased profits this year, as they are in the process of acquiring more ships. Additionally, a share buyback programme has been announced. With the market on the rebound, Samudera is well placed to benefit, and I expect share prices to soon increase. @Daily_Discussion@CaptainTiger@TigerStars
What a ride it has been for holders of $SEMBCORP MARINE LTD(S51.SI)$in the past year. Following steep declines in share price in2020, SembMarine's holders awaited news regarding an anticipated merger of SambMarine with $KEPPEL CORPORATION LIMITED(BN4.SI)$. Once the merger was confirmed, SembMarine's prices started steadily climbing, from around $0.08 per share to a high of $0.13 in April 2022, when details of the merger were finalised. The merger is expected to help the new entity, Bayberry, gain a competitive advantage in the energy and oil space, and increase earnings significantly. But SembMarine's prices fell again after details of the merger were announced. Why? It seemed that hol
$PARKSON RETAIL ASIA LIMITED(O9E.SI)$is another stock to watch. Since its recent financial report release, share price has climbed from $0.017 to a peak of $0.053 in the last 5 days. Before the report release, share price was staying stable at about $0.010. The main takeaway from their financial report is that Parkson Retail has narrowed recent losses, and is projected to become profitable in the near future. At the time of writing, share price is $0.46. This could be a good buy for those who are willing to take a chance on a company that is not yet profitable. Though riskier, upside could potentially be great In future. And even in the near term, share price has returned multiple fold.
May seems to have been a gloomy month for the Singapore market. Day after day, the STI seems to slide further. However, some star stocks have been gaining steadily, even in these times. My recommendation for today is $YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$. Some might notice that in late April, YZJ's share price plummeted, from about $1.50 per share to just $0.80-$0.90 per share. Why?In April, YZJ split its operations, with the current $YANGZIJIANG SHIPBLDG HLDGS LTD(BS6.SI)$ continuing with the shipbuilding and marine industry that it has been involved in for years. An investing arm of YZJ spun off, to form the new $YZJ Fin Hldg(YF8.SI)$. Shareholders of YZJ received 1:1 shares i
In a time where the Fear and Greed index shows extreme fear, it's understandable why many are staying away from the markets... However, investors who are able to hold on for the longer term may find this to be a good time to enter. My suggestion for today is $Tesla Motors(TSLA)$. Tesla has been battered recently, and is down almost 50% from its recent high of $1,200 per share. However, things look to be turning around for this EV maker. Recently, it was announced that Tesla wouldbe adding a second shift at its factories, something that was impossible during the peak of Covid in Shanghai. Analysts are expecting a turnaround, with Tesla increasing production significantly in the second half of the year. Combined with the fact tha