ASIA PAY TV TRUST debuted on the SGX yesterday, closing 5% south. I believe investors who have subscribed to many lots and have gotten many lots of ASIA PAY TV TRUST stocks would definitely not be very happy. For the IPO stocks which have debuted on SGX this year, almost all of the stocks performed very well on their first day of trading on SGX hence it is really a surprise to many that ASIA PAY TV TRUST did not only perform below expectation, it slided 5% down on just the first day of trading. This begs the question why did ASIA PAY TV TRUST not perform well?
While some investors are surprised at the performance of ASIA PAY TV TRUST, I am not really surprised. My feelings towards ASIA PAY TV TRUST is not due to the fact that I have an aversion to IPO stocks in general, as ......
