Shares & Derivatives
I Sold Koufu, Here’s Why
By Frugal Youth Invests  •  March 8, 2021
It is funny how previously I wrote about why I bought Koufu and here I am after more than one year, writing why I sold Koufu. If you have yet to read more about Koufu, you may refer to this post where I shared about the reasons why I bought Koufu. I sold Koufu in two tranches. I sold half of what I owned in Koufu in November 2020 while I sold the remaining of my stake in Koufu 5 months later, just a few trading days ago. Surprisingly, I sold Koufu at the same price even 5 months have passed, while we see many recovery play stocks like Genting Singapore, SIA and SATS see their share price soared by more than 30% over the same period of time. So What Happened to Koufu? I would like to give a brief introduction on what happened to Koufu over the past two years. Koufu ended FY2019 with Revenue growing 6.1% to $237.5 million while Net Profit growing at 13% to $27.7 million....
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By Frugal Youth Invests
I am a final year polytechnic student at Singapore Polytechnic and awaiting for my enlistment in 2019. I started investing when I was 18 years old. 1 January 2018 was the day when everyone celebrates the start of a new year but it was also the day when I applied for a brokerage account to embark the investment journey to retire early ...
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