Fund managers are likely to avoid this stock in view of HKEx (0388.HK) announcement yesterday that MSCI China A 50 Connect Index futures to commence trading in the month of October 2021, which is a competing product to FTSE China A50 contract traded on SGX.
SGX weakness is likely to persist in the short term.
SGX last traded S$10.22.
First Target: S$9.81
Second Target: S$9.34