Happy Chinese New Year!
Hope everyone have a great year ahead! For many investors and traders, Chinese New Year came early asthe Singapore Stock Market is in a buoyant mood and a lot of people are making gains.
For me, I was lucky to get enough rights excess of the Sabana REIT to have an average price of $0.320. I have since sold all my Sabana REIT shares.
The other lucky shot I had was Singhaiyi Group Ltd. As I have written on 25 Jan 2017, I bought the shares at a low average price of $0.099.
A day after my article was posted, the company made the announcement that they have divested all their holdings in TripleOne Somerset for $100 Million. This is a gain in disposal of asset for at least $30 Million.
Another important fact on this transaction is that on the 2016 …Read the full article →