Wednesday, May 24, 2017

Top 30 Volume - Exciting Day

Exciting day in the market as many penny stocks started to run like Serrano and Singhaiyi. The market was full of colors and as usual I am watching closely for some good stocks for a run. At 9:04am, I alerted my Special Ops to watch out for Singhaiyi as the stock has some good turning point.

Indeed, within just minutes, the stock emerged with big buyers, from 0.124 flew all the way to 0.130 in like 3-6 minutes where some buyers even took down 2 levels of higher price. There are a lot of opportunities in the market and today is a good day for some stocks to run. Singhaiyi released a good news yesterday which is positive for the market as per below.

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*Singhaiyi: 4QFY17 net profit surged 165% to $22.2m mainly due to a $30.5m gain on disposal of its 20% stake in TripleOne Somerset. This helped to boost FY17 earnings to $31.1m (+6.1%). Quarterly revenue stood pat at $8.2m (+0.8%) as growth in property development (+7.4%) and management fees (+123.5%) were offset by a slide in rental income (-27.8%). Gross margin expanded 6.1ppts to 52.1% as it recognised more US development sales (+34.6%). Bottomline was further bolstered by a $5.9m tax credit. Declared first and final DPS of 0.3¢ (FY16: 0.2¢). NAV/share at $0.171

*Singhaiyi: The effective date of its transfer from the Catalist board to the Mainboard will be 26 May.

Ronald K - Market Psychologist - A Stock Market Opportunist