Bearish local stocks in a pseudo-bull ranging market

After staying bullish for most part of the year, I guess the market has cooled down a bit and behave more like a ranging market where BBs are playing more and more pump and dump, not only on pennies, but also on small caps and mid caps. Nonetheless, these stocks at least got a chance to be pumped in the first place, whereas for bearish stocks, they could only continue be dumped, sliding continually without support. Bottom fishing seems an dangerous act now unless you have great confidence and insights about the company.

Kris Energy: Despite increasing oil price, Kris Energy is still incurring losses although losses are narrowing.

Hyflux: No longer covered by any analyst, Hyflux is not showing any sign of turnabout in a challenging utilities market.

Midas: Despite expanding, securing more contracts and running a profitable business, its share price keeps dropping and the dropping speed is accelerating. Perhaps something is brewing.

Perhaps few loves a company mingling with so many businesses without any real competitive advantage. Nonetheless, to suffer a 70% drop in a year is really no joke. Now the price is back to where it was before it got pumped up since July 2016.

Despite the strong support of Aberdeen, Raffles Medical has faded from the rebound hope and continued its bearish trend. Was it because the PE was too high? Or just that people are not willing to hold bearish stocks at the moment?

After dumping by JP Morgan caused the share price to deep dive, SIA Engineering enjoyed a brief moment of trend reversal, before resumed the sliding. In an increasing competitive MRO field, SIAE may have issue maintaining its share price despite frequent shares buy back.

Neither the acquisition of Vinamilk and an improving economy condition in Indonesia that might help Astra in the long run can save Jardice C&C from staying below $40. Given its excellent past track records in maintaining and expanding its businesses, investors may start to notice the company again when it reports better numbers.

Another company that the price keeps dropping perhaps due to unable to live up to its growth potential soon enough to stem the decline of share price. Nonetheless, ST Engineering's businesses are still growing, as evidenced by its recent contract win.

Perhaps among all these stocks, none of it suffered more than Sarine Tech in terms of degree of dumping. The business is facing some challenging issues but no worse than year 2015, and yet the price is lower now. It seems to have found a bottom now, but until it shows sign of resolving its challenges, the great fear among investors might stay for a while.

Similarly to Midas, perhaps no one could really understand why Sapphire's price keeps dropping despite bagging more and more contracts, and even after HKICIM becomes a substantial shareholders. Perhaps investors are wary about its management or its businesses?

Indofood Agri is suffering from higher operating expenses and hence dropping profit. As a commodity counter, its future fate will largely depends on CPO and sugar price.

Another commodity counter that is breaking down. Despite upbeat coal price, BlackGoldNatural has not found a way to improve its margin and continued suffering from loss. Perhaps it will take sometime for its businesses to become profitable.