Goodbye HMI (SGX:588). Thank you for the 62% profit

Health Management International Ltd (SGX:588) is one of the best performing stocks the system has traded since its inception in 2016. Recently, in early July, the company announced that it will be privatised which sent the stock price soaring toward 0.72 cents.



Since the system's inception in 2016, it has traded HMI twice. On 23rd Aug 2016, the system confirmed the uptrend and entered at 0.42. The stock rose rapidly but started to whipsaw in Dec 2016. After holding for 6 months, the system got out on 13th Feb 2017 at 0.625 for 49.40% profit (incl dividend) after having confirmed that the stock is not trending anymore. Since then the stock whipsawed and started to decline in 2018. Then in May 2019, the price started to rise rapidly on high volume. The system entered a position in mid June at $0.64. After holding for 2 weeks, the company suddenly announced for privatisation which sent its price shooting towards the 73s. and the stock was offloaded at $0.72 for a profit of 12.50%. In total, this stock has made me 61.9% return. Here is the chart showing the entry and exit points of the trades.

Here are the trade (recent) entry and exit points that were shared with our members when the system entered and exited the position.

It is unfortunate to find more and more of these small caps stocks in SGX either getting privatised or delisted as some of these stocks had made me quite a substantial return (check out this post for the other high return stock)

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