Nam Lee Pressed Metal

[TUBInvesting]

just wrote another piece of the Dividend Series based on Nam Lee Pressed Metal Industries Ltd.

The stock has already been "discovered" as a value stock and the recent 1 year price rise has resulted in it failing my checklist/scorecard.

To achieve a 5% dividend yield, one should only enter at share price of $0.295.

For those already holding the stock, especially 1 or 2 years back, I congratulate you on finding a gem. For those that are intending to enter into this stock, please wait. After all, patience is a virtue.

http://tubinvesting.blogspot.sg/2016/09/...essed.html

<Not Vested>

http://tubinvesting.blogspot.sg/

Namlee is an old company on sgx many decades and a known stock to many investors on SGX. It's value has been covered in many blogs and featured on nextinsight as well before. So it has never really been undiscovered, probably just insignificant to many.  I also have blog post on it LOL...
http://thebluefund.blogspot.com.au/2015/...n-can.html

However the recent price rise is very likely due to improving earnings, div increase and aluminium price which is the main metal in namlees inventory. NAV is 52c so there is still some upside to go if it really get goreng pisang..

https://www.quandl.com/collections/markets/aluminium

With the big unexpected order last year from Maersk for new more energy efficient aluminium containers commissioned to Carrier last year, business on Carrier container side has been pretty good which benefit namlee. But construction side was not so rosy.

Pleasantly surprised that there has been some upward price action recently, however its on very small volume of a couple hundred shares only every day, looks more like someone slowly collecting it up rather than player coming in to push. 

Wait for the analyst report and volume jump to a few thousand lots then we talking "discovered"

-v  (but less than Manu the man)-

Thanks for the more insights on the business end.

I believe that the recent rise is also pro-up by the increase in dividend.

Hmm... from your view, most probably the funds have not invested in Nam Lee yet.

Mostly probably will need to wait a while more then.

<Not Vested>

http://tubinvesting.blogspot.sg/