What a month August has been especially for technology stocks from China. Technology stocks in China were massacred due to new measures implemented by the Chinese government. NASDAQ index however continues to achieve all time highs.
In the local context, Singapore stocks have its fair share of gains and losses. Here are 7 stocks that you should take note of in the month of September.
#1 Rex International Holdings Ltd
CGS CIMB has maintained Outperform rating on the stock with a target price of $0.33.
There will be much better days ahead for the stock due to good acquisition. ” The acquisition of the 33.84% interest in the oil producing Brage Field in Norway will be effective from 1 January 2021, after approval from the Norwegian authorities.
Brage Field will add around 3.4k barrels of oil production per day net to Rex’s subsidiary, Lime
Petroleum. We estimate this will translate to around US$20mn free cash flow net to Rex in 2021....