Hextar Industries was first highlighted in my blog on 11 Nov 2021 as a stock to watch with the rights issue exercise making Datuk Eddie Ong the majority shareholder in Hexind Bhd, with him and his family collectively holding 47%. At that time Hexind was trading at RM0.17!

The big catalyst for the stock came when the Russia and Ukraine war erupted, which caused a massive increase in fertilizer prices. The stock was highlighted again at the time the war started on 26 Feb 2022, when the price was trading at RM0.28! 

Fast forward to the present, and we see the price trading at a NEW ALL TIME HIGH of RM0.80! That’s an astounding 457% return  in 1 year! I am very happy for my readers who bought and I myself continue to be a very happy investor in this very strong trending stock. 

CONCLUSION

It’s not easy to find multi bagger stocks in this market. It takes a combinatination of factors including fundamental, technical and thematic in deciding which stocks are likely to be in play. Another stock which is also shaping up to be a multi bagger is Econframe Bhd which I highlighted just 3 weeks ago. The stock was trading at RM0.83 then is currently trading at RM0,965 with the free warrants listing on 27 Dec 2022.

Have a Merry Chritmas and may we find more good stocks to invest/trade for the new year!

Disclaimer: This blog is created for sharing of trading ideas only. It is not in any way or form meant to be an inducement or recommendation to buy or sell any stocks. Consult your financial consultant before making any financial investments.