Jason Parquet

New Listing: Jason Parquet makes a solid debut, rising 31.1% to $0.295 from its $0.225 IPO price, accounting for around 2.8% of shares traded on the SGX. The debutante is likely benefiting from the session's flurry of market interest in lower-liners and slightly buoyant overall market sentiment as well as a dearth of recent IPOs. In addition, the regional timber-flooring distributor and service provider may see some benefits from any QE3-fueled real-estate action. But players likely should be wary of the company's relatively small size as interest may in trading the stock may dry up once its novelty wears off. Orderbook quotes suggest the $0.30 intraday high is likely to remain a cap.