On the first trading day after IPO, this stock closed at $0.34. Today, the stock closed at $0.23, down by almost one-third of its high. The stock had an IPO price of $0.21, hence at today’s closing price, the stock was near to its IPO price though it was still around 10% higher than the IPO price. What is this stock?
Well, it is none other than Katrina stock.
Katrina is a F&B stock and in Singapore where everyone loves food, especially good food and food and beverage establishments are found easily around the island, it seems attractive to be interested in the food business of Katrina with its brands including well-known Bali Thai, So Pho, Streats and Muchos. Also, the success of Jumbo stock (in the price rallying sense) seems sexy since the rally may also apply to Katrina stock too.
However, F&B businesses are not …