Bye-bye Perennial Real Estate Holdings Ltd (SGX:40S). Thank you for the +35.97% profit

The system's Singapore momentum portfolio has been in a winning streak recently with fat returns on short holding period coming from Medtecs (SGX:546) +130.91%, Singapore eDev (SGX:40V) +33.33% and Biolidics (SGX:8YY) +30.88%. For Perrennial, I was late to the party but still managed to get a nice 35.97% profit after holding for less than 2 months. This stock was in an uptrend since April despite the economic slump then due to the COVID-19 outbreak. It managed to break its 1 year high in mid May. System gave a buy signal on 25th May and I entered the stock at 0.695.

The stock price fluctuated in a tight range for a while. I did not pay much attention to this stock initially (you know, I don't really look at the fundamentals or stock related news). Then in mid June the price suddenly jumped to 0.94 which caught my attention. Then I realized the company is going private with an offer price of 0.95 (I'm not really sure the details, but it does not matter in my form of investing). I sold it off recently at a price of 0.945 as I need the capital to invest in other potential stocks.

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The last time the system caught a privatization stock was HMI in 2019 which gained +12.50% from the buying price.

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The information is provided on a general basis for information purposes only, and is not to be relied on as investment, legal, tax or other advice as it does not take into account the investment objectives, financial situation or particular needs of any specific investor.

Investments based on the signals are subject to investment risks, including the possible loss of the principal amount invested. Share values and income therefrom may fall or rise. Past performance is not necessarily indicative of future performance. Advice should be sought from a financial adviser regarding its suitability before purchasing the shares. In the event that you choose not to seek advice from a financial adviser, you should perform your own due diligence to consider whether the investments are suitable for you.

The information herein, including any opinions or forecasts have been obtained from or is based on sources believed by me to be reliable, but I do not warrant the accuracy, adequacy or completeness of the same, and expressly disclaims liability for any errors or omissions. As such, any person acting upon or in reliance of these materials does so entirely at his or her own risk. Any projections or other forward-looking statements regarding future events or performance of countries, markets or companies are not necessarily indicative of, and may differ from, actual events or results. No warranty whatsoever is given and no liability whatsoever is accepted by me, for any loss, arising directly or indirectly, as a result of any action or omission made in reliance of any information, opinion or projection made in this presentation.

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Bye-bye Perennial Real Estate Holdings Ltd (SGX:40S). Thank you for the +35.97% profit

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