Wednesday, February 15, 2017

Are these TWO stocks the NEXT MULTI-BAGGERS?

Noble Group stock
Yesterday, the STI went south by 1.26%. I am not surprised since profits taking have to take place once the US and Singapore stocks registered record new highs. What is in vogue now in the Singapore stocks markets, beside earnings announcements are what I called stocks rotation. In December last year, stocks with most interest are blue chip stocks like banks. Since the Ezra episode, bank and blue-chip stocks have faltered replaced with so called growth stocks the likes of Jumbo, Bestworld and MM2 Asia. These have since also been rotated to a new bunch of popular stocks. Watch out for Noble Group, Singapore Edevelopment stock as they transcended new highs each day from a low base.

How far have each of the above stocks advanced? Singapore E-development has rallied from a low of $0.015 to $0.074 (a five-bagger) while Noble has rallied from a low of $0.112 to $0.215 (a two-bagger). The businesses behind these two stocks are in the process of transformation and I prefer to be a spectator, watching the action if the stocks continue to advance further. 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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