Stock Idea AMTD: Stay away from this stock —————————— | FSMOne SG - Research Highlights
Stock Idea
AMTD: Stay away from this stock
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• AMTD price movements appear to be disconnected from its fundamentals, and could be driven by other factors instead.
• This stock has generally traded at thin volumes, and it demonstrates the importance of liquidity in our stock-selection process.
• We believe that increased attention from communities such as WallStreetBets could result in even greater price volatility, making this stock even more unattractive.
• To summarise, we continue to caution investors against investing in stocks which have seen a massive increase in price without a similar improvement in fundamentals. While these stocks could see massive price increases in a single day, we remind investors that they can similarly experience even sharper sell-offs, especially when the bubble bursts.
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