facebookSGX : CGN (Best world)? Hi everyone, i know there has already been a best world thread. But things are different now that it has been suspended for more than half a year? - Seedly

Advertisement

Ming Sheng

Resident at Healthway Medical

09 Dec 2019

βˆ™

Stocks

SGX : CGN (Best world)? Hi everyone, i know there has already been a best world thread. But things are different now that it has been suspended for more than half a year?

Hi everyone, i know there has already been a best world thread. But things are different now that it has been suspended for more than half a year. Just wondering what you guys think about the company.

For someone holding on to shares of bestworld (at nearly 50% loss), what do you think I should do when trading halt is lifted?

Discussion (4)

What are your thoughts?

Learn how to style your text

I personally hold Best World shares too.

I would be holding on to my best world shares given that i believe the company has not flouted any china laws. Also, prior to the market suspension, the sentiment to Best world was bad and many people had shorted the stocks. By now when it resumes, many shortist will have to buy back shares to close their trade or they will incur losses despite 30-50% gains.

If you start selling upon un-suspension, you are giving the chance for shortist to cover their trades immediately. My suggestion is to hold for a few months after un suspension and wait out. this is only applicable if it is found that Best world did not break China laws​​​

There are few options.
1. Sold immediately when trading lifted.
2. Buy more.
3. Do nothing

The thing is this, you must visit back your initial research. Go through once again to see if there are fundamentally changes.
Differentiate noises vs reality. The company still running its daily business without getting affected. Fo through the short report and look for the facts yourself. Some of the things in the short report is not true.

Elijah Lee

09 Dec 2019

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi Ming Sheng,

Although I never touched Bestworld, you'll have to ask yourself if the company's bus...

Write your thoughts

Advertisement