Investors are expecting HIAP HOE to be one of 2H2012's big winners. DMG has pulled a rabbit out of the hat when it highlighted the opening of the hotels and T.O.P. over the next few months.
The stock has +2 cents and raced to 61.5 cents.... No time to rest, ah hoe!
The trading vol. is excellent for a stock that used to be looked upon as being illiquid.
Today rest day at 61.5 cents, because too many people are impatient. They like to sell for a teeny weeny profit so they can have a happy weekend. Next week, Hiap Hoe will be cleared to move up to 65 cents.
Back in March 2012, there was a lot of buzz around Hiap Hoe, for a different reason. Read this Reuters report ..... STOCKS NEWS ASEAN - Hiap Hoe jumps on takeover talk Shares of Singapore's property firm Hiap Hoe Ltd jumped as much as 12.7 percent on strong volume on market talk the firm could be a takeover target due to its attractive valuations and potential earnings growth, traders said. Hiap Hoe shares were up 7.8 percent at S$0.55, after hitting an intraday high of S$0.575, the highest level since November 2007. More than 4.6 million shares were traded, four times the average full-day volume traded over the past five sessions. "Hiap Hoe has chalked up S$400 million of progress billings that would be recognised over the next 2-3 years," DMG & Partners said in a report. It also noted that Hiap Hoe's diversification into commercial development will provide the group with a source of recurring income, and valued the stock at S$0.61 a share with a buy rating. On Monday, Singapore's Business Times newspaper mentioned Hiap Hoe as a takeover target. The shares jumped nearly 11 percent last week. 0950 (0150 GMT) (Reporting by Charmian Kok in Singapore)
Not justifiable to say there r short termers or traders as the vol for HH is always very low. U will c big fluctuation in price though. Just a personal opinion.
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