Dear readers, Best World International stock will resume trading next Monday (14 Nov 2022) after a 3.5 years of suspension in May 2019.
I still remember Best World International stock as it was one of Singapore’s stellar stocks: the stock doubled in 2018 to $2.61, reached a high of $3.28 in Feb 2019. After a shortseller report in Apr 2019, the stock fell nearly 60% and ended at $1.36 before it was then suspended.
I am not sure whether investors would react favourably to Best World International stock after resumption of the trade. Ever since the suspension, the world has literally changed with Covid-19, macro economy uncertainties, developments on the China front, inflation and geo-political tension. I think some investors may take this opportunities to liquidate their portfolios in the stock, whether it is at profit or loss, given the current uncertainties on the stock market.
These said, I would think investors of Best World stock are still one of the fortunate ones as a number of SGX stocks have been suspended before and eventually delisted with no exit offer for investors. That, Best World International can still make a comeback on the Singapore bourse after a long hiatus may also give a vote of confidence in some vested investors.