Stocks like Centurion, Swissco Holdings, Nam Cheong, Penguin International, Pan United and MTQ Corp have risen in value over the past few months due to their strong balance sheet and strong fundamentals.
Penny stocks in particular have gained much popularity due 1000 shares per lot restriction imposed by SGX, making expensive blue chip stocks much less affordable by the public. Profit margins for penny to mid-cap stocks are higher as compared to expensive blue chips. Their price movements could be upwards but very slow like a turtle.
Although there are still good mid-cap stocks, but they are harder to find nowadays or rather have not appreciate in value until analyst reports about them are released.
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