Allgreen & Ho Bee (Stop-loss triggered)

Stop-loss for both Allgreen and Ho Bee triggered. Sell down of property stocks resulted in 7% and 4% plunge respectively in Allgreen and Ho Bee.

The extent of fall to these two stocks likely a result of their (lack of) liquidity as well as the exposure to the local property market.

Ho Bee seems to have established a new downtrend. If long position not cut, suggest to sell on rallies.

Allgreen is likely to see a bounce (possibly 1.10 level) and long positions should be cut.