SINGAPORE (Oct 8): Teo Hee Huat, an investor who has tracked many mid- and small-cap stocks over the last three decades, has endured his fair share of setbacks in the market. But he had a surprisingly positive experience with Blumont Corp.

See: Outspoken investors beware

Teo says he spent some $15,000 buying the stock at about 20 cents apiece close to two decades ago, when the company was known as Adroit Innovations and cast itself as a provider of internet solutions. He did not monitor the company closely in the years that followed, even as it changed its name in 2011. But Teo began to pay attention when Blumont’s shares went into a steep climb in 2013.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook