Made famous by legendary investor Peter Lynch, it’s a stock that has appreciated 10-fold from the original price.
While rare, these companies usually exhibit a few common characteristics: a large market opportunity, the ability to scale quickly, and the ability to deliver consistent, strong growth.
For local investors, there may be some mid-cap stocks in Singapore exhibiting 10-bagger potential.
Let’s take a look at one company that may achieve this rare feat.
What Makes a Stock a Potential 10-Bagger
The first condition in creating the ideal environment to nourish a potential 10-bagger is having a large market opportunity; it’s even better if the market opportunity is expanding due to a secular growth trend.
Next, having some form of competitive advantage that allows the company to capitalise on the market opportunity and grow its earnings over time is also helpful.
Finally, being spearheaded by a management team with a clear…
