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Allied's price plunge due to business rejig, says director
He also believes it'll take the company three to five years to show results in the top and bottom lines
Add BT as a preferred sourcePublished Wed, Aug 15, 2018 · 09:50 PM
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Singapore
ALLIED Technologies is in the midst of transforming itself from a metal stamping business to an e-commerce, e-payments and loyalty play.
In the process, the penny stock has lost 70 per cent of its value from its peak of S$0.084 last November, amid a "changing of guards" as old shareholders in the metal stamping business give way to new parties interested to invest in the company's new vision.
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