Indeed, within just minutes, the stock emerged with big buyers, from 0.124 flew all the way to 0.130 in like 3-6 minutes where some buyers even took down 2 levels of higher price. There are a lot of opportunities in the market and today is a good day for some stocks to run. Singhaiyi released a good news yesterday which is positive for the market as per below.
*Singhaiyi: 4QFY17 net profit surged 165% to $22.2m mainly due to a $30.5m gain on disposal of its 20% stake in TripleOne Somerset. This helped to boost FY17 earnings to $31.1m (+6.1%). Quarterly revenue stood pat at $8.2m (+0.8%) as growth in property development (+7.4%) and management fees (+123.5%) were offset by a slide in rental income (-27.8%). Gross margin expanded 6.1ppts to 52.1% as it recognised more US development sales (+34.6%). Bottomline was further bolstered by a $5.9m tax credit. Declared first and final DPS of 0.3¢ (FY16: 0.2¢). NAV/share at $0.171
*Singhaiyi: The effective date of its transfer from the Catalist board to the Mainboard will be 26 May.
Ronald K - Market Psychologist - A Stock Market Opportunist
