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Blumont stock
By Singapore Stocks Investing (SSI)  •  October 4, 2013
Blumont stock was one of the few companies suspended by SGX today after its share price went south by almost 58% before trading was halted. These few days, we have read about Blumont, the company whose stock price has seen a meteoric rise from around 30 cents at the start of the year to as high as $2.54. The meteoric rise has seen the market valuation of Blumont even higher than some of the government-linked companies like NOL and SMRT. The SIAS and SGX have been urging the management of Blumont to explain the meteoric rise in the stock price. I am surprised that the share price of Blumont then went south this morning by around 56% before the stock was eventually suspended by SGX.

I can only think that investors who have been vested in Blumont when the stock was trading at around 20 cents and have been ...

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By Singapore Stocks Investing (SSI)
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