There is an old folklore in Singapore that you can easily make money by buying IPO via ATM machine. So to test that saying I started crunching the numbers. After crunching the numbers on SG IPO over 2018 to 2020 (comparing IPO price and first day closing price), there are 26 winners and 10 losers. if we just buy all IPO (do note that we might not get it if it is oversubscribed) and then sell it at closing, the average returns was 2.56%. ...
bubbleberrygum
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usually after one successful project by an up and coming tech co, they tend to still enjoy good market impressions subsequently, I feel. Esp in this era where tech is rising, more eyes will be on them I feel and more opportunities may knock on their door, be it from govt projects etc. thus, I do feel they may have potential but I haven't read up on them yet too or checked out this IPO enough - heard about it on the day it was released. so due to the lack of knowledge, not going for the IPO yet. anyways, too late alrdy. but also, I noticed that prices tend to rise then drop after the IPO, based on some past two to three IPOs. so I am thinking this will drop below IPO price soon too xD which I think it alrdy has :) just whether it's a good long-term investment - that's the one I need to ensure first too
doctorpot1
OP
bubbleberrygum
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yea, my biggest worry for this ticker is that once trace together is phased out and their business goes back to normal then the PE is >200. Too crazy already. hahahha watching but not buying
bubbleberrygum
doctorpot1
OP
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Haha I need to read up more on them first, to see what other opportunities or skill sets they have besides the tracetogether project. If they can expand their product line or services from there, maybe will have good potential. Maybe like an sg crowstrike? Hahah
High Profit Low Loss
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I usually do not like to subscribe to IPO. I like businesses that are in the market for more than 5 years and above. This allows me to look into records. Moreover as you said trace-together is a one off thing. Subsequently their business has to be sustained by other means. So absolutely agreed with you on this crucial point.
doctorpot1
OP
High Profit Low Loss
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I like to look at IPO companies because they usually debut below fair value. This is because they want to sell all of their shares offered so usually that mean giving discount on the price. If they set too high the IPO will flop and they won't get enough cash to fund their needs, plus the underwriters won't get the full fees. so usually the underwriters will price it at a discount to ensure the IPO will be oversubscribed and they earn the sweet sweet profit.
$Econ Healthcare (EHG.SG)$The CEO sold high price under his own account to the company and let Econ suffer the loss. he control 80% of the company and minority shareholders can’t do anything. such CEO n major shareholder in the company will suck your hard earned money. better avoid such counter. So scary of such people esp in high position.
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DYODD Investor
OP
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Previously I also bought this counter and luckily already sold off. Will not buy it anymore bcos of such CEO.
$Econ Healthcare (EHG.SG)$demand the removal of the idiot chairman and ceo for this bs P&D move. Also cfo for not forwarn and report authorities for suspicious events. Fk the entire board plz
102232720仗义执言
OP
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Turtle King has acted foolishly, sold DBS and UOB blue-chip stocks, misused the company's capital investments, and lost more than 3 million dollars, causing stock prices to plummet. It not only harmed the minority shareholders but also greatly damaged the company's reputation and image as a director. I hope the Securities and Supervisory Authority can unravel the problem, investigate the root cause, and find out the truth. If there is a criminal act of private enrichment, it should be severely punished, and shareholder investors should be treated fairly
新熊猫
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This kind of investment method Not only does it affect Yikang SGX did not intervene in the investigation It will affect the image of Singapore as a financial center
$Econ Healthcare (EHG.SG)$The company lost so much money 3.4 M over last year profit because of its ability to trade stocks instead of doing Business, the CEO should take this responsibility to resign
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TeckLeong
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He should compensate the company because he speculate money that is not his
soyabean89
TeckLeong
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Then hope CAD do some probing and ban him from taking helm from any leadership role in sgx company.. Bloody senile old fart fall for such obvious scam.. Cfo didnt sound suspicious and agree to it like a retarded yes man
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Econ Healthcare Stock Forum
$Econ Healthcare (EHG.SG)$
Also cfo for not forwarn and report authorities for suspicious events.
Fk the entire board plz
https://www.businesstimes.com.sg/companies-markets/brokers-take-dbs-downgrades-econ-healthcare-to-hold-as-s4m-share-investment
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