1) Sudden drop in Share Price
The once mighty Raffles Medical share price seems to suffer from a bout of flu. For past 1 year, its share price has been steadily declining from a high of SGD 1.55 to SGD 1.16, representing a 25% drop.
And in the recent month, we see a sudden drop from SGD 1.29 (31 July 2017) to SGD 1.16 (8 Aug 2017), a more than 10% drop!
“Generally, the greater the stigma or revulsion, the better the bargain.”
— Seth Klarman
2) Poor …