2nd Liner Prop Stocks

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12 years 2 months ago #8590 by Rich
Replied by Rich on topic Re: Why Hiap Hoe cheong????
Whatever the outcome of the Teo family saga cannot be the reason for the stock's run up in the past 2 days. What really matters is the gross undervaluation of the stock. The Zhongshan Park project will hit the headlines in the 4th quarter of this year and focus investors' interest on Hiap Hoe.  Before that, in the months leading up to Zhongshan Park being opened,  more analysts will also talk about Hiap Hoe.

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12 years 2 months ago #8617 by Joes
Replied by Joes on topic Re:2nd Liner Prop Stocks
Hiap HOe has shot up $90+ million in market cap in just 1 week, or 38%.
The company is valued now at about S$310 million with stock price at 65 cents. It's sounding like a cornered stock. Will there be more upside? Fundamentally, HH is worth a lot more than 65 cents, imho, but at the moment there is too much profit to tempt investors to sell off. The next few days and weeks could be turbulent. I'd rather look at other second-liner prop stocks.

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12 years 2 months ago #8621 by Joes
Replied by Joes on topic Re:Hiap Hoe
Aha!
The profit-taking is evident & as I expected. Hiap Hoe down 4 cents currently.
Good to have some of the short-term traders exit. Leave the game for the long-term patient investors.  64 cents now, still vulnerable to profit-taking. A lower price would be nice for accumulators and new entrants.

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12 years 2 months ago - 12 years 2 months ago #8628 by Joes
Replied by Joes on topic Re:2nd Liner Prop Stocks
- 4 cents = 61.5 cents. Hiap Hoe's correction not over yet.
Last edit: 12 years 2 months ago by Joes.

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12 years 2 months ago #8640 by Joes
Replied by Joes on topic Re:Hiap Hoe
Down 1.5 cents = 60 cents. Get ready yr ammo

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12 years 2 months ago #8663 by pine
Replied by pine on topic Re:2nd Liner Prop Stocks
Closed at 59 cents today. Safe level to get in ?

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