Relief Joes... Sino Grandness strengthening in recent days. 35.5 cents is good but it is a price you can say that the company is still selling for a song!
Yippee!
After my post 7 months ago..... Nordic is today at 18.6 cents.
Sino Grandness 61.5 cents
But Straco is a laggard at 83 cents. More jiayou ahead!
Joes wrote: I note that markets *(especially in Asia) are more correlated. Many are now down together, it is a time when investors everywhere are low in risk appetite. This allows us to bargain hunt for growth stocks at a cheap price, and one could choose growth over yield stocks. Valuations look undemanding for growth stocks -- on my list are NORDIC GROUP (14.4 cents), SINO GRANDNESS (30 cents), and STRACO (88 cents). Deep value, and cheap growth!
Val wrote: Relief Joes... Sino Grandness strengthening in recent days. 35.5 cents is good but it is a price you can say that the company is still selling for a song!
Sino Grandness at 60.5 cents now, still selling for a song? Some write-ups suggest that it is worth about S$1.80 if the IPO of Garden Fresh goes thru
Kuik Ah Han, the founder and executive chairman of Sim Lian Group, is taking the property developer and construction company private.
Coronation 3G, the investment holding company owned by Kuik and his family, has announced a voluntary conditional cash offer of $1.08 to buy back all the outstanding shares it does not own.
The offer price is about 15% higher than Sim Lian’s last traded price of 94 cents and values the company at $1.09 billion.
Low trading liquidity of its shares is cited as a reason for its move to privatise and delist the company.
Joes wrote: I note that markets *(especially in Asia) are more correlated. Many are now down together, it is a time when investors everywhere are low in risk appetite. This allows us to bargain hunt for growth stocks at a cheap price, and one could choose growth over yield stocks. Valuations look undemanding for growth stocks -- on my list are NORDIC GROUP (14.4 cents), SINO GRANDNESS (30 cents), and STRACO (88 cents). Deep value, and cheap growth!
With the passing of about 15 months ...... Nordic is currently 26 cents, Sino is 27.5 cents, Straco 78 cents.
return assuming equal $ allocated to each stock: 80% - 8% - 11% = 61%
Nordic has done very well, now at 39.5 cents!
Not Sino Grandness (23 cents), which I have given up on.
Straco is showing signs of picking up. Let's wait for the 2Q results to see if the Shanghai Disneyland has a positive impact on Shanghai Ocean Aquarium
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