As I was searching for the stocks database for Deep Value stocks, MoneyMax popped up in front of me. Given that it has retail outlets populated across Singapore with Mark Lee as their ambassador, I decided to do some in-depth research on it.
Quick Intro on MoneyMaxMoneyMax is a leading pawnbroker, retailer and trader of jewellery, pre-owned luxury bags and watches. Since establishing the first store in year 2008, the Group has evolved and expanded its reach to over 52 stores in the region, making it one of the largest pawnbroking chains with a presence in both Singapore and Malaysia.
However, investors would not be so happy as MoneyMax’s share price has been on a 5-year downtrend from $0.40 on Nov 2013 to $0.146 on 1st November 2018:
MoneyMax seems to have been engulfed in the support area between $0.13 to $0.20. The question now is:
Is MoneyMax
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