Hi-P response to SGX queries which indicated cleary some form of M&A news that might be coming out from the company. Results and earnings will not contribute to a 30% gain in 1 day but M&A would. GLP, Supergroup, NOL all had a superb run first before taking a simmer and then privatized. The response to the query was very general but if one read deeper, there are more towards it and for now, we shall need to see if the price reflects the actions.
Ronald K -
Market Psychologist -
A Stock Market Opportunist
