Amid the worsening pandemic situation in Singapore and rising valuations, I have been busy reducing my shareholdings in local stocks since early April.
There is one exception though. I started a position in a tiny company called HRNet (ticker CHZ) after it came up in my stock screening process. In this post, I want to write down the thinking that made me commit to this investment.
Before I start, here is a disclaimer. This is a lightly traded stock, which makes it highly vulnerable to stock price manipulation. Also, I am just a random dude rambling on the internet. I am not a certified financial advisor, so don’t take me too seriously!
I may buy more of the stock or sell down as the COVID19 situation changes rapidly and overall market prices swing wildly.
Overview of business
HRNet is a recruitment agency. In plain English, its main business operation is to help...