Wednesday, August 19, 2015

Hot stock: Vard hits record low, prompts SGX query

SHIPBUILDER Vard Holdings on Wednesday slumped as much as 10.5 Singapore cents, or 28 per cent, to S$0.27 on the stock market, prompting a query from Singapore Exchange (SGX) to disclose any information not previously announced that might explain the trading.
sgx stocks tips todayBy 10.59am, some 4.3 million shares had changed hands. It had also recovered to S$0.315, although still 16 per cent down.
The record low it reached outdid even the most pessimistic of analysts' target prices after it reported a challenging second quarter on July 22.
A number of research houses have "sell" calls on Vard, including RHB, Maybank, CIMB and OCBC, with target prices ranging from S$0.35 (CIMB and Maybank) to S$0.41 (OCBC).

No comments:

Post a Comment