Lets wait for coming QR release, then we should know whether this counter worth to hold long term not. Personally i believe this QR nd next QR will be good result.
@master_tan - looks like u will get your wish on Mon - maybe can even hit all time LOW n more - profit plunged 87% - keep some towel handy - more sweat will be expected :(
this company really has potential to grow...but based on their revenue by market, sale to SG dropped alot. Sg economy really bad this year, especially semicon industry. Need hold e counter for 2 to 3 years in order to reap its return. Just wondering why e company invest so much money on investment in money market, which is not strategically irrelevant for their core business.
Hi johnkhoo0904, money market is the most liquid form of investment, as compared to leaving the money to fund managers, buying bonds, real estates or the high risk forex. Investment can be easily divested for cash, most of the time it is even easier than selling unit trusts or cashing from fixed deposits. But due to high liquidity, returns tend to be low compared to those mentioned. So it is more a matter of when you need your cash, how fast you can get it back and how much returns you're targetting.
Hi bopoint, thanks for your explanation. My point is e company should use e money to invest in somethings related to their core business rather than put in money market.
The money (which was raised through IPO) has been allocated accordingly as to what mentioned in IPO prospectus for the real purpose. Thus, I reckon that the money is parked in the money market temporarily. Amount utilised has also been mentioned in the report.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
cctang22
38 posts
Posted by cctang22 > 2016-07-15 10:10 | Report Abuse
Thanks master_tan I bought in some at 0.375 will hold it tight