Grand Twins’ share price continues to drop

25 June 2014
The Cambodia Daily
Economy and commerce / Investment / Securities exchange (stock market) / Stock market
Asia Frontier Capital / Cambodian Securities Exchange / Douglas Clayton / Grand Twins International / Leopard Capital / Phnom Penh Water Supply Authority / Thomas Hugger

The share price of Grand Twins International, a manufacturer for U.S. athletic apparel brands, on Tuesday sank for the fourth straight day since it was listed on the bourse last week, signaling that its initial listing price was too high, industry analysts said. “The pricing of the IPO [initial public offering] was too high and too aggressive,” said Thomas Hugger, CEO and manager of Asia Frontier Capital, a Hong Kong-based fund management firm. ...

 Hul Reaksmey and Joshua Wilwohl
http://www.cambodiadaily.com/business/grand-twins-share-price-continues-to-drop-62374/