Is it another false dawn in the making or a case of the return of the prodigy? Earlier last year, Creative share price revived from a multi-year deep coma, surging from $1 to an explosive $9 within a week upon the release of its award-winning audio product – Super X-Fi. The resurgent Creative share price indicated a possible comeback for Singapore legendary entrepreneur, Sim Wong Hoo.
Recently, my wife bought me a Super X-Fi headphone and I was totally blown away by the technology. Using a sophisticated head and ear-mapping process, Super X-Fi did bring out the 3D audio effects when I used it to play online music from my Samsung mobile phone. The quality of music did feel like I was listening to music from a studio. For the record, this is an honest review and I am not paid to write this review nor am I vested in this counter. In addition, whether Creative share price will rise because of Super X-Fi will have no impact on me.
Despite the tremendous hype over Super X-Fi, it is still early days to hail it as a game-changer that would re-ignite Creative share price. Indeed, it has been bitter-sweet journey for investors of this venerable technology company. Creative share price had plummeted from $60 in 2000 to an abysmal $1 as recent as 2017. Many long-term investors could be forgiven for giving up on this counter. But is it really the end of the road for Creative share price?
Creative share price in royal rumble
The unusual Creative share price movement even prompted queries from SGX on 27 December 2018. To this end, Creative management responded that “they are not aware of any material information concerning the Company, its subsidiaries and associated companies that might explain the unusual price movements in the Company’s shares”.
Perhaps, investors had bought into Creative share price following the unprecedented success in the CES 2019, prompting the surge in Creative share price. Then there were long-term investors who took the opportunity to exit and cash in. Among them was Ng Kai Wa, co-founder of Creative Technology. Mr Ng sold about 200,000 shares at average price of $9.04.
To make money out of the volatility of Creative share price, investors must [This is a premium article. The rest of the content is blocked and can be accessible by SG Wealth Builder Members only. To read the full content, please sign up as member.]
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