You might have heard of the company Oceanus (SGX: 579) from your friends or social media platforms. This stock has delivered an impressive 700% returns over 2 months, matching the returns of Tesla and Bitcoin! However, this gain did not last long, its share price has since tumbled from its peak of S$0.080 to S$0.042 (A 46% drop from its high within a month). As this stock was gathering lots of attention, I was curious about its business fundamental and did some research on Oceanus. Here is what I have found. What does Oceanus Group do? Oceanus Group Ltd is a seafood supplier based in Singapore. The company has 4 main operations, namely aquaculture, distribution, services, and innovation. The aquaculture segment is the centerpiece of Oceanus’ business. This involves the renting of land-based aquaculture farms located in China (Previously, Oceanus owns and operates the farm but has changed to this...