Singapore bourse finds Creative spark, but whither the tech boom?
THE rocket rise of Creative Technology - it became a seven-bagger in seven sessions after spending a good part of a decade slip-sliding away - presents the tempting suggestion that tech has re-ignited the local bourse.
As Creative proved earlier this month, Singapore's retail crowd is more than willing to take a punt on a stock that's developed an exciting new technology, months before the first widget has been shipped or its first order closed.
"#MakeCreativeGreatAgain," one market watcher cried on an online stock forum, where information, misinformation and euphoria are exchanged.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Pricey coffee is here to stay as hoarding, heat hit Vietnam supply
Toyota is investing US$1.4 billion to build another all-electric SUV in US
Airbus net profit soars 28% in first quarter
Carrier AirAsia discloses new listing plans under RM6.8 billion units merger
Intel slides after tepid forecast spurs fears about comeback
Microsoft beats estimates as AI drives revenue