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SGX RegCo issues 'trade with caution' alert on 9R shares
The Straits Times
|November 16, 2024
The Singapore Exchange Regulation (SGX RegCo) has urged investors to exercise caution when dealing with shares of 9R.
In a "trade with caution" alert on Nov 13, SGX RegCo noted that the price of 9R shares rose 48.7 per cent from 3.9 cents on June 4 to 5.8 cents on Aug 14. The counter was up despite the FTSE ST Catalist Index falling 5.38 points, or 3.2 per cent, during the same period.
The company would go on to announce its results for the first half of 2024 on Aug 14, where it recorded a loss for the period with negative cash flows from operating activities. Despite the results, 9R's share price held steady at around 5.8 cents from Aug 15 to Nov 8.
Dit verhaal komt uit de November 16, 2024-editie van The Straits Times.
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