SP Corp: SGX has queried co on the activity. So far we have not heard anything on co. Tuan Sing holds over 80% of the stock. Note that Tuan Sing has only fallen 0.005 -1.8% only and SP Corp has fallen from $0.255 to current $0.075 since yest. Perhaps a long-short strategy can be employed in absence of news to profit from the trade if shares can be found for borrowing
Prev mkt at $0.255 is approx $89.5m and mkt cap now is approx $26m with NAV per share of 10.9c. Tuan Sing has a mkt cap of $311.7m
No comments:
Post a Comment