If you frequent the hawker centres of Singapore, it would be hard to miss these huge blue cylinders sitting at the stalls.
Source: Union Gas
The cylinders contain liquified petroleum gas (LPG) and are used to cook the food we love.
One of the providers of LPG cylinders to the hawkers is Singapore-listed company Union Gas Holdings Ltd (SGX: 1F2).
Since its initial public offering (IPO) in July 2017 at a stock price of S$0.25, the Union Gas share price has surged 250% to end last Friday at S$0.875.
As of the time of writing on Monday, the Union Gas share price rose a further 4% to S$0.91, attracting a query from the Singapore Exchange due to the “unusual price movements”.
Source: Google Finance
Curious investors would be wondering if there’s value in Union Gas and whether it’s worth buying its shares.
Let’s find out more right here!...