Ernest Lim's investing blog

Unique insights into SGX small caps

AEM enters bear market despite analysts’ positive calls. What gives? (20 Feb 22)

February 21, 2022 el15

Dear all AEM has fallen 21% from an intraday high of $5.37 on 14 Dec 2021 to close $4.25 on 18 Feb 2022. What has happened in the last two months to warrant such falls? Based on Bloomberg, average analyst target price is around $6.72, representing a potential capital upside of around 58%. Is this the bottom for AEM, or will it fall further? Personally, I think AEM is worth a closer look at $4.20 – 4.30 region. Let’s take a look at its investment merits and risks. First things first, what does AEM do? According to its company […]

Hi-P – bearish engulfing candle forms after rising for 12 out of 15 days (29 Oct 2019)

October 29, 2019 el15

This week, Hi-P has caught my attention with its 33% surge from the intra-day low of $1.13 on 7 Oct 2019 to trade to an intra-day high of $1.50 on 29 Oct 2019. In addition, it has risen 12 out the past 15 trading days with RSI touching a recent high of 81.8 on 25 Oct 2019. Based on Hi-P’s chart, it seems to present a favourable risk to reward short trade. Please see the basis and more importantly, the risks. Basis a) Hi-P trades above the higher analyst target price $1.32 Average analyst target price for Hi-P is […]