$SRI TRANG AGRO-INDUSTRY PCL(NC2.SI)$Is Sri Trang being manipulated?
In the past 2 weeks, investors have seen a 60+%on NC2.SI. The stock has surpassed it’s industry competitors which are Harrison Malayalam, $Top Glove Corp.(TGLVY)$and $Semperit Ag Holding(SEIGF)$.
Should investors worry?
In light of the drop in prices in the past few days,there could be a chance that the the price will continue to be overtraded as according to Stochastics and RSI indicators. However on the other hand the behaviour of the prices could also be attributed to the results of the Financial Report that released recently. As shown in the image below, $7,791 came from the financing of the company.
At this point, Sri Trang seem to be balancing withthe STI index.
This is my opinion on NC2.CI and could be wrong
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- Chickenchick·2021-03-04I think the Debt is almost interest free based on the presentation slide due to govt subsidy. Free money to expand, why don't take? ?1Report
- peterob1·2021-05-12Up1Report
- QQPL·2021-04-09?LikeReport