A relatively new entrant, Credit Bureau Asia has been on our exchange for less than a year having listed in early December 2020. For those of you familiar with how I pick stocks, I love a good trading setup where we see price action constantly testing resistance or where we see price consolidate at a certain level.
With Credit Bureau Asia, what I like most about this stock is how resilient it has been despite the highs and lows of the economy.
Take for example Singapore’s recent move back to Phase 2 (May-June 2021) where we saw stocks such as Lendlease sell-off by almost 20% upon the news release. In the case of CBA, the stock barely moved during that period. In fact, I would go as far as to say that this stock has been consolidating ever since March 2021.