Wednesday, March 22, 2017

KIMLY STOCK: WILL YOU BUY NOW?

Kimly stock
I was having my instant coffee as shared in my earlier post when I saw Kimly Group stock, as expected defied gravity and shot to an high of $0.55 from an IPO price of $0.25. At that instant, the coffee in my mouth also shot through too. Kimly Group stock finally closed a little lower at $0.44 per share though it was still a stellar 76% rally in IPO stock price.

Monday, March 20, 2017

THREE STOCKS INVESTORS MUST KNOW BEFORE SG MARKETS OPEN

Before the local Singapore stocks market opens on 20 Mar 2017, these are the two stocks which investors must know:

1) Kimly Group stock

Kimly Group stock is making a debut on the Singapore stocks markets. The coffee-shop operator stock is the first stock of such a nature to be listed on the local bourse. Kimly Group stock IPO is around 8.3 oversubscribed and this points to the strong demand as well as expectation that Kimly Group stock should have a stellar performance on its first day of trading when the local stocks markets open later. At an IPO price of $0.25, the question is how much Kimly Group stock will trade at a premium over this IPO price. But I would always like to think that the stocks markets is always more than investors’ expectations, thinking or speculation, thus I would still think that there is a possibility that Kimly Group stock may dip a little below its IPO price.

EZRA STOCK: BANKRUPTCY!


Ezra stockEZRA has filed for bankruptcy in the US states yesterday (19 Mar 2017). This was the latest development following the trading halt in Ezra share last Wednesday. I am not too familiar with how bankruptcy of local stocks in Singapore will proceed and more importantly whether there will be a possibility shareholders of Ezra stock would get back their capital or even some monies. It seems to me even more complex now since Ezra is a Singapore-listed stock but it has filed for bankruptcy in the United States, hence I do not know how this will all translate.
 
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