Moya Holdings Asia Limited is a stock that has come out of nowhere and has won many investors’ hearts.
Just look at the chart below. The stock was trading at SGD 0.029 on 18 Feb 2016, on 18 Aug 2017, the stock price was SGD 0.107. That is an almost 270% increase in approximately 1.5 years.
By the way, in Jan 2016, Moya Holdings Asia issued a 5 for 4 rights issue (see below).
Moya Asia: 5 For 4 Renounceable Non-Underwritten Rights Issue At S$0.033 Each. (read here)
What could be behind this astonishing good stock performance?
“As I look back on it now, it’s obvious that studying history and philosophy was much better preparation for the stock