Hot Stocks β 6 April 2021
KGI SG Hot Stocks – (2:08PM)
π₯ TRENDLINES +24% on news that it is seeking a dual primary listing on the Tel Aviv Stock Exchange. The stock also received a boost when it made an announcement today that one of its portfolio companies received a non-binding letter of intent (LOI) from a public corporation for the acquisition of the portfolio company. Based on the LOI, TRENDLINES is expected to receive a minimum cash of around S$19mn or US$14mn. The cash receives makes up 20% of its current market cap.
π₯ REX INTERNATIONAL -6% after oil prices plummeted 5% on supply concerns. REX remains the only profitable and oil-producing pure-play listed in Singapore, and we think Rexβs current valuations have not fully factored in the higher oil prices that have gained more than 170% since April 2020.Β
For more information, click on the downlink link below to read the 10 in 10 with Rex International.
