Is the stock market picking up? In just two weeks, we've seen 3 IPOs on SGX - usually a sign of a bullish market sentiment.
And while I prefer to sell during such times, I don't usually rule out spending on IPOs especially if their valuations are cheap or decent enough for me.
Unfortunately I wasn't allocated any shares of Sanli Group last week when the results were announced (sorry for not blogging about them - I literally finished my analysis 12 hours before the IPO application deadline and didn't have enough time to churn out a blog post!). So I'm starting earlier on World Class Global and HRnetGroup this time.
Details:
- 136 million shares are being offered at $0.26 each, with 3.98m public tranche
- Deadline to apply is by 12 noon on 13 June
Business:
WCG is a real estate company newly incorporated ......