Top 5 Favourite Undervalued Companies SGX/SEHK

[rijk]

i guess that's why it's selling at 46% ncav or 76% cash ncav....

i wonder if the 67% Sanyang Motor Company Limited ownership also plays a role in the valuation

[soros]

Sanyang may not be able to compete with local companies in VN and trying to reorganise .

http://www.sanyang.com.tw/en/news/con_sh...one&nid=53

[rijk]

erroneous trade or did something happen? can't find any news.......

http://www.sgx.com/wps/portal/sgxweb/hom...s?code=AWE

[soros]

Are you looking for this ?

Source: Singapore Exchange
Type: Announcements of Earnings
From: 25/Jan/2018

SP Corporation Limited announced consolidated audited earnings results for the year ended December 31, 2017. For the year, the company reported revenues of SGD 121,066,000 compared with SGD 109,331,000 for the same period a year ago. Profit before tax was SGD 1,210,000 compared with SGD 3,165,000 for the same period a year ago.

Profit for the financial year from continuing operations was SGD 966,000 compared to SGD 2,527,000 a year ago. Profit attributable to owners of the company was SGD 447,000 compared to SGD 1,802,000 a year ago. Net cash from operating activities was SGD 323,000 compared to SGD 11,728,000 a year ago.

Payments for acquisition of plant and equipment were SGD 70,000 compared to SGD 17,000 a year ago. Earnings per ordinary share based on fully diluted basis from continuing operations were 2.75 cents compared to 7.20 cents a year ago. Revenue increased by 11% to SGD 121.1 million mainly attributable to higher sales in commodities trading.

The profit before tax was lower than the SGD 2.5 million in 2016 mainly due to lower interest charge on overdue trade receivables and higher foreign currency exchange loss.

[xiangguwang]

From the financial statements:


Group revenue from continuing operations (commodities trading) increased to $121.1 million in FY2017 compared to $109.3 million in FY2016. The higher revenue was mainly attributable to higher level of commodities trading. The continuing operations reported a lower profit after tax of $1.0 million in FY2017 compared to $2.5 million in FY2016. Higher commodities trading activities were primarily contributed by higher trading volumes and higher average selling prices of coal and metals, partially offset by lower revenue from sales of rubber, machinery and consumer products. Gross profit decreased as a result of lower margin for coal trading and the lower sales of rubber and machinery which normally enjoyed higher margin. The profit before tax of $1.1 million in FY2017 was lower than the $2.5 million in FY2016 mainly due to lower interest charge on overdue trade receivables and higher foreign currency exchange loss. Following the completion of the asset sales, the tyre distribution business was discontinued as at year end.

[dreamybear]

Not sure where to park this .. hopefully this thread is the most relevant.

So recently, Maybank has released a research report on SG stocks, including detailing stocks net cash as a % of mkt cap, with the top on the list a whopping 300+% 

Perhaps this could sparkle some discussion / ideas for buddies. 

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Singapore Strategy Fishing in troubled waters
https://mkefactsettd.maybank-ke.com/PDFS/265080.pdf