Azure Capital's stock portfolio up 17% since inception: CEO
Terence Wong says a "healthy correction" may be on the way for the Singapore market during this quarter
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REVEALING positions in electronics, engineering and property plays, and a sterling portfolio performance of 17 per cent since inception, Azure Capital chief executive Terence Wong said a "healthy correction" might be on the way for the Singapore market.
"I expect a correction in this quarter actually ... but I don't see companies diving 50 to 60 per cent except those that went crazy and ballistic, like up 10 times," he said on Friday afternoon. A correction would mean he has a chance to accumulate more, he said.
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