A recent IPO debutant Katrina which debuted on SGX via placement at a placement price of $0.21 closed at a price of $0.34 on its first day of debut (even reaching a high of $0.405 intra-day). However, thereafter, Katrina stock price has headed south to a support of $0.30. Yesterday (15 Aug 2016), this support of Katrina was broken down as Katrina stock headed south by a further 6.7% to close the trading day at $0.28. What has happened to Katrina stock?Katrina Group released its earnings results after the stocks markets closed on 12 Aug 2016. The Group’s total comprehensive income attributable to equity holders as of Half-Year Ended 30 June decreased by 32.4% year-on-year. The earnings results might have disappointed investors into Katrina Corp who then went on to sell their positions in Katrina Group stock.
After headed south by 17.......