facebookWhy is Creative Technology SGX: C76 rallying? Is it worth a buy for the long term in terms of a good company? - Seedly
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Anonymous

Asked on 08 Jun 2020

Why is Creative Technology SGX: C76 rallying? Is it worth a buy for the long term in terms of a good company?

Shares of Creative Tech continued their climb on Monday, days after the mainboard-listed company unveiled its Super X-Fi products in China remotely.

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Kenneth Lou, Co-founder at Seedly

Kenneth Lou, Co-founder at Seedly

Level 9. God of Wisdom

Answered on 17 Jun 2020

I think this is also a clear pump-and-dump.

Their products from a consumer POV just pales in comparison on both price points an quality vs the other products out there and obviously Apple with their whole ecosystem.

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Billy Ko

Billy Ko

Top Contributor

Top Contributor (Jan)

Level 8. Wizard

Answered on 16 Jun 2020

Hi! The reason for the rally:

https://www.businesstimes.com.sg/companies-markets/creative-rallies-to-1-year-high-after-super-x-fi-online-launch

I feel the hayday for Creative Technologies is gone. Feels more like a pump and dump kind of stock. Looking at its financials, not really consistent in terms of earnings. Revenue looks to be decreasing for the past 4 years. Not a stock that I'd be comfortable holding long-term

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