I read an article from the straits times on 4th July excellently written by Tan Min Lan, who is the head of UBS Wealth investment office. https://www.straitstimes.com/business/economy/how-to-invest-for-a-slump-or-a-bump Unfortunately, it is for subscribers only. I shall attempt to write a synopsis of the article. Hope I interpreted it correctly;-) Here goes:
Despite warnings from our SPF, MAS and Straits Times, people continue to fall victim to pump and dump scheme.
Alas a friend bought HK stock Renco Holding last Thurs and today it fell 64% in a day. Thousands of hard earned money lost in a few days.