Hiap Hoe is one stock I would like to buy on a sharp correction. So far this morning, it's a weak fall, sigh! If it goes below 60 cents... I am gonna jump in. Hiap Hoe's projects are largely sold, and it is busy with opening its 2 hotels in Balestier and developing an industrial land in Kallang. So it's sheltered from Round 7. It's RNAV is around S$1.20, so what the heck -- so much discount currently and there will always be value investors willing to mop up the shares.
Hello Cheongwee, it's only 2-3 cts per share, yes, but if I want to buy x0,000 shares, it's not a small difference in $. Furthermore, as I am already vested with X00,000 shares, I am in no hurry to to acquire a meaningful stake. What about yourself?YF