In a somewhat belated reaction, KBG’s share price has nearly doubled in the past month to 56 cents, while KBE’s share price rose 117% over the same period, reaching 17.5 cents on April 22.
Both Koh Brothers Group (SGX:K75
) (KBG) and Koh Brothers Eco (SGX:5HV) (KBE) have seen share prices and trading volumes spike in recent weeks, as the valuation gap between them and their subsidiary, Oiltek International (SGX:HQU) (Oiltek), has finally attracted investor attention.
Oiltek, which went public via an IPO in March 2022, has since seen a spectacular jump in its share price, logging a nearly 2,600% gain. This counter could very well be one of the best-performing stocks in recent times. Some of the other best-performing counters alongside Oiltek include XMH Holdings (SGX:BQF) (1,583%) and Parkson Retail (SGX:O9E) (1,030%).
