Dear readers, there is one Singapore stock which closed at $1.11 on 31 Dec 20. As of last Friday (8 Jan 21), this stock closed at $1.35 which represents an impressive 21.6% gain in just the first week of 2021.
This stock is none other than Riverstone Holdings stock. Riverstone Holdings stock has headed up ever since analysts gave this stock a target price of $2.64 and this was carried in a ZaoBao article on 2 Jan 2021 as per the link here .
With a target price of $2.64 and a current price of $1.35, if the analysts’ expectations are correct, then Riverstone Holdings has another 98.5% upside to go despite already gaining a 21.6% gain in the first week of 2021!
Yes, I know Riverstone is a kind of glove-related stock which are among the most popular stocks in this Covid-19 pandemic. But investors need to differentiate between speculation and investing with due diligence carried out for this stock.
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