Dear readers, as I was reviewing the performance of Singapore stocks for Year 2021, one Singapore stock stood out for me.
This stock last closed at $1.11 on 31 Dec 2020 and just into the first week of 2021, this stock closed with an impressive 21.6% gain at $1.35 on 8 Jan 2021! Analysts have even given this stock a target price of $2.64 which if we compare with the 31 Dec 2020 stock price of $1.11, suggested an upside of some 138% to this stock!
Now as we near the close of Year 2021, has the aforementioned Singapore stock reached 238% of its stock price as suggested by the analysts to close at near $2.64?
Well, as at 24 Dec 2021, the price of the aforementioned stock was $0.68.
That’s right, $0.68! Or some 61.3% down from last year close of $1.11.
What is the name of this Singapore stock?
Well, this stock is none other than Riverstone Holdings stock.
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