Tuesday, 4 December 2012

Singapore Stock Tip: Congrats to those that followed our call on First Resources

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:

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.



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