Dear Friends,
I did say our target for First Resources is $2.17-$2.20, an upside of around 17 cents 1.5 months ago. At that time, it is around $2. It is a mid term trade. In the midst of this trade, STI goes down 100 points and DOW goes down by 1000 points.
Article in October:
http://www.danielloh.com/2012/10/4-singapore-stocks-worth-taking-look-now.html
So I must say this stock has been resilient.
I did recommend 5 stocks as stated in the article above, 3 of them has reached my target. Left with China Minzhong and Ausgroup which are at breakeven now. I am abandoning Ausgroup now as I think it is not really moving much.
Rgds
Daniel
www.danielloh.com