Hong Fok share price at 14-year high
SIGN UP FOR $10 TO UNLOCK ALL ARTICLES! Every dog has its day. Recently, Hong Fok share price stole the limelight when the counter surged to a 14-year high following an article in The Straits Times claiming that Hong Fok share price could be undervalued. Yes, you are right, its 14-year high. At the point of writing, Hong Fok share price is trading at $1.05. The last time that Hong Fok share price was trading at $1.05 was in 2007.
The incredible surge of Hong Fok share price should be the work of the big boys. It is almost impossible for retail investors to push up the stock in such a manner. At least not in SGX. Question now is whether it is too late for retail investors to jump on the bandwagon.
Recently, one of the long-time members of this blog requested for a review on Hong Fok share price. I am more than happy to do a coverage on Hong Fok share price as this is one of the privileges of being a member of this blog. If you are keen to ask for coverage on certain investment products or stocks, do sign up for SG Wealth Builder membership! I will try my best to do an objective and balanced review.
As compared to CapitaLand and City Developments Limited, Hong Fok is obviously a small cap stock. Nonetheless, like the big boys, Hong Fok share price has been embattled for the past year due to the fallout from the pandemic. This is because Hong Fok owns the Yotel Singapore Orchard Road, which had been badly impacted by COVID-19 because of the global travel restrictions. Sales of its residential units of Concourse Skyline is also affected.
To rub salt into wound, like many of its industry peers, the …
Read more