January i was not optimistic about Sunmart at 23 cents. The stock has been comign off ever since and has hit 17.5 cents. Mmmmm.... tempted to pick up this share. Sunmart supposed to re apply for Korea listing in May, right? Is this going to be the catalyst for a recovery ?
May is here and the sad news from Sunmart is that the dual listing has been postponed indefinitely. Its 1Q result hasn't been fabulous, so how to get a better valuation than in the previous attempt? Market sentiment towards S-chips is bad too. Sunmart now at 14 cents, which if I remember correctly, was where it was trading prior to the run-up after it announced dual listing plans
