China Gaoxian Fibre

20.5 cents, congrats to those who bought at lower prices. actually, congrats to long-term holders who didnt cut loss as they recognise this is too cheap. btw, is the stock fungible - ie, can trade singapore stock in korea?

How will it take for them to get dual listed?

The Sell queue always seems to be larger than the buy queue. Wonder who keep selling. Despite its low PE and cheap valuation, prices doesn\'t seem to be able to break the IPO price. Can the Dual listing bring it to a new height or the excitment will die down in a few days time. Wish us and all long term investors all the best.

Finally, exciting to learn that China Gaoxian Fibre is applying for dual listing in the Korea Stock Exchange. Hope the management can get it right to be successfully fully listed there and a big boost to the share price here. If 12x valuation there, the new price should be easily above its IPO pirce. Time to accumulate at current level of S$0.20?

Hi erelation, the sell queue is a reflection of the short-termism of some of the people who have bought the stock. Let\'s say they bought at 19 cents. To them a 1.5-cent gain would be enough, so they would immediately Q to sell at 20.5 cents. It\'s without regard to the PE or other valuation metrics that value investors care about. Such short-term trading will never bring meaningful rewards - it only serves to dish out a small reward sometimes, and a loss at other times. Just my 2 cts.

Is 20 cents a strong resistant?