This blog is in reply to a comment by a reader who wants to know my opinion on what he thinks are "poor governance and regulatory oversight by MAS, DBS (its sole bookrunner) and SGX" in the case Eagle Hospitality Trust.
Read his full comment: HERE.
Hi HH Low,
Unfortunately, we cannot always be right and I have been wrong more than a few times myself.
With Eagle Hospitality Trust (EHT), I was probably in the minority in sounding the alarm as many investment bloggers and analysts were saying the Trust was severely undervalued as its unit price declined.
Many bought into the Trust and many more followed.
The importance of not riding on coattails and to do our own due diligence really cannot be overemphasized.
Also, it pays to remember that:
"We might have different requirements and certainly different circumstances.
"So, it is probably not a good idea to ride on someone...