In April 2016, SI Research covered a net-net stock, Nam Lee Pressed Metal Industries, and expressed our optimism on its steady business, sizeable cash hoard and dividend yield. Our team is constantly on the lookout for neglected and undervalued stocks as to present these gems to our readers.
Bumi Armada (BAB) is a Malaysia-based international offshore energy facilities and services provider with a presence in over 17 countries and is the world’s fifth largest floating production, storage and offloading (FPSO) provider.
Investors’ Corner (ComfortDelGro Corporation, Singapore Post, Sembcorp Industries, Pan-United Corporation)
Against the backdrop of a surge in rental car population, Land Transport Authority (LTA) data showed 19 consecutive months of decline in average daily number of taxi trip made by one-shift taxis.
LBS Bina Group (LBS), an investment holding company, engages in property development activities primarily in Malaysia and the People’s Republic of China; it develops and sells residential, industrial, and commercial properties.
In recent years, the world has witnessed a spate of terror activities, claiming lives and disrupting peace across regions. From the uprising of the Islamic State in Iraq and Syria (ISIS), the gunmen attacks in Paris in November 2015 that claimed 130 lives, and even at home where two Singaporean were just convicted for planning to travel to Syria to join ISIS.
Singapore stocks are not really that popular among traders in the city-state, that is, if IG client statistics are representative of all Singapore-based traders.
Investors’ Corner (Mapletree Greater China Commercial Trust, Q&M Dental Group (S’pore), SIIC Envt Hldgs, Thai Beverage Public Co)
Following the UK’s surprising vote to exit the European Union on 23 June, Mapletree Greater China Commercial Trust’s (MGCCT) share price has increased 14.4%. However, we believe MGCCT remains undervalued relative to its peers.
Signature International (Signature) is a Malaysia-based distributor and retailer of modular kitchen systems and kitchen cabinet designs. The company has a presence across 15 countries in both retail and corporate project segments.
With the 2Q16 earnings season coming to a close, investors are likely to be feeling downbeat owing to the lacklustre earnings posted by local companies. At times like this, investors tend to stay on the side lines with no fresh catalyst in sight.
In July 2016, home-grown leading and established jewellery retailer, Soo Kee Group (Soo Kee), celebrated its 25th anniversary with the opening of its new headquarters (HQ) at Changi Business Park and announced new initiatives to enhance market leadership.