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Wednesday, March 7, 2018

CREATIVE TECHNOLOGY STOCK RALLY, SIM WONG HOO IS BACK!


Dear readers, Creative Technology stock needs no introduction here (and the title of this post is only redundant) since this is the Singapore’s multi-bagger stock many investors are talking about right now.

Consider this, Creative Technology stock traded at $1.10 per share on 2 Jan 2018 (1st trading day this year) and yesterday the stock closed at $8.30. How many bagger is that? Well, it is a eight-bagger and Creative Technology stock has hence grown to 830% its share price year-to-date. To be precise, the rally of Creative Technology stock accelerated from 22 Feb 2018 onward (then it was trading at $1.25 per share). The reason behind the rally? Another promising sound product by Mr Sim Wong Hoo.

Mr Sim Wong Hoo owned 23.27 million of Creative Technology shares. Based on his ownership in Creative Technology, his net worth from Creative Technology alone increased from $25.6m on 1 Jan 2018 to $193.14m based on yesterday’s stock price.

A close to $200 million net worth from Creative Technology alone not counting other assets may seem really a lot to many of us, but we must remember that Mr Sim Wong Hoo was already Singapore’s youngest billionaire many years ago at the age of 45.

I am not able to value Creative Technology stock well to make a good assessment here but congratulations to those who have profited from the rally in Creative Technology stock price. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.
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