Boustead, a long established company in Singapore.
I came across this company today while continuing my research on SG stocks.
I must admit when I first came across this stock, I was a bit skeptical as I cannot associate anything with the name. Maybe I was not as well read as I thought I was.
Nevertheless, I decided to pry abit deeper.
Using my own criteria, the company has enough cash holdings to settle its current liabilities. It is listed in SG since 1975 and has weathered so many financial storms.
From a business point of view, it's business is spread across energy, real estate and waste water, mainly focused on energy.
As oil and gas industry is still far from recovering, the company still manages to be in the black.
And holding onto cash now is better given the uncertain times, hence I am certain the company can ride out the tough times.
It's share prices have halved and although it is still trading above its NAV (something I used to measure my margin of safety), I decided to give this company a shot.
Dividend payout is not great but still decent. @ a price of 0.865, the 2 cents divident payout is 2.3% (still better than the bank rates).
This is one company that I may consider buying soon.
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