A friend of mine talked to me recently that he is still looking out for that multi-bagger stock in the Singapore Stock Market. I think I do not need to define what a multi-bagger stock is as you can see one of such stocks in the top volume stocks on the SGX these weeks. Stock like Rowsley has its price “multi-bag” after chased hotly by investors. I agree that multi-bagger stocks are like hidden gems in the stock market, waiting for investors to identify and realize their value to what they are truly worth or even beyond.
But I do think that multi-bagger stocks are quite challenging to identify as compared to decades ago for the very reason that the global economy is like a theatre as we can see from the US QE tapering, Eurozone debt crisis “plays”. A stock of a good company with good fundamental track record ......