iCar Asia downgrade

It’s been a rollercoaster ride for iCar Asia over the past six months but, with the share price rising above our limit, it’s time for a downgrade.

It’s always pleasing when one of your stocks rises during a weak market (unless you’re keen to buy more, of course). That’s the situation with iCar Asia these past few weeks, with the stock apparently benefiting from good news in its fledgling Indonesian operation and speculation about whether the company is a takeover target.


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