Singapore is one of the only global stock markets hitting new multi-year highs on a daily basis (the Singapore ETF trades under the symbol EWS).
If Trio-Tech International (TRT) was an American based semiconductor backend technology provider, it wouldn't be trading with an enterprise value of only 0.37x revenue it would be worth much more than that.
Because TRT is in Singapore and stocks there have been out of favor since 2007, nobody cares about TRT even though it has huge clients like AMD, NXP Semiconductor, and Infineon.
Singapore is politically stable and has a well-established legal framework. Singapore is a free-market economy with a currency the Singapore Dollar that is backed by Singapore's large foreign currency reserves.
Singapore is one of the world's leading global financial hubs with a well-diversified economy. The bottom line is... Singapore is the safest place to invest in Asia.
Singapore might not surpass its long-term key breakout point until January, but when it does... TRT will become one of the largest gaining U.S. listed stocks.
When Singapore surpasses its key breakout point, Americans will search for U.S. listed Singapore stock plays, and TRT being a semiconductor backend technology stock will likely become the #1 largest gaining U.S. listed Singapore stock.
TRT might not gain as much as Augusta Gold (TSX: G) and Celtic plc (LSE: CCP) between now and year-end but keep an eye on TRT for huge gains in 2025!
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA's President has purchased 224,200 shares of G in the open market and intends to buy more shares. This message is meant for informational and educational purposes only and does not provide investment advice.