It was a “mission impossible” come-back for Creative Technology. On 6 March 2018, I can imagine long-term investors punching the air and screaming in delirious as its share price ripped Singapore stock market apart. Creative Technology shares surged almost 10-fold to hit as high as $9.77 during the trading session.

But for those who have not invested in Creative Technology, it is best to avoid this counter. The latest financial statement revealed that this company is still suffering from huge losses. In fact, if not for the USD32 million legal settlement windfall, there would be massive net losses for 1H2017.

In August 2017, Creative Technology scored a legal victory by suing China’s Huawei over a failed broadband network project in 2012. It was awarded USD36 million by the High Court in 2017. The victory marked the third victory in a row for the Singapore company. It had …