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Singapore’s Big Loser for the Week: Trek 2000 International Ltd

Trek 2000 International Ltd (SGX: 5AB) has dropped 13.4% since last Friday’s close to end Thursday at S$0.355. With Singapore’s broader market, as represented by the Straits Times Index (SGX: ^STI), declining 2.2% during the same period, Trek 2000 has certainly been a big loser in the market here this week.

Trek 2000 prides itself as being the original inventor and patent owner of ThumbDrive, the USB flash drive. Recently, it unveiled the FluCard, which is a wireless SD card that enables a digital camera to wirelessly transfer photos and videos to other Wi-Fi enabled devices. The FluCard is also slated to be used in children’s education toys made by Mattel China.

On 13 October 2014, the firm made public that it had sold its entire 45% equity stake in Tracer Technology Pte Ltd and a 20% equity stake in Tracer Technology (Suzhou) Co Ltd for S$845,000. The company added that the sale is part of an ongoing review to streamline its operations to its core business.

In late September, Trek 2000 announced that it had found partners to collaborate with, with regards to joint technologies development and commercialisation.

The company is now trading at a whopping 76 times its historical earnings. To keep up to date on the latest financial and stock market news and learn more about investing, sign up now for a FREE subscription to The Motley Fool’s weekly investing newsletter, Take Stock Singapore. It will teach you how you can grow your wealth in the years ahead.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.