Singaporean Net-Nets listed on the SGX as of 2016

[beau]

I took the time to research and compile these stocks that trade below 67% of Net Current Asset Value (Current Assets less Total Liabilities). A few of these recently emerged in 2015 as a result of the depressed STI.

These are the only Singaporean net-nets on the SGX, excluding S-chips:

Multi-Chem (AWZ) 

Matex International (M15) 

Nobel Design Holdings (547) 

TSH Corporation (574) 

ASTI Holdings (575) 

Asia Enterprises (A55) 

Lion Asiapac (BAZ) 

Excelpoint Technology (BDF)

Do let me know if I have missed any.

[smallcaps]

I guess one good stats to have is how long these stocks have been trading below 2/3 of NCAV?

[postage paid]

I took the time to research and compile these stocks that trade below 67% of Net Current Asset Value (Current Assets less Total Liabilities). A few of these recently emerged in 2015 as a result of the depressed STI.

These are the only Singaporean net-nets on the SGX, excluding S-chips:

Multi-Chem (AWZ) 

Matex International (M15) 

Nobel Design Holdings (547) 

TSH Corporation (574) 

ASTI Holdings (575) 

Asia Enterprises (A55) 

Lion Asiapac (BAZ) 

Excelpoint Technology (BDF)

(Note: Excelpoint is not a net-net anymore as a result of their latest quarterly financial statements where Provisions increased under their liability account. I believe they still trade at around NCAV.)

Do let me know if I have missed any.

Think you may have missed Hupsteel H73

[CY09]

Chasen Holdings, Nippecraft, HG metal

[BlueKelah]

Nice list! Moderators, this should be a new Sticky on this value forum! easy reference and starting point for newcomers.

[CityFarmer]

As requested, the thread has been made sticky.

Regards
Moderator

[bazingaman]

thanks beau, and this is my first post and indeed your post is the region for my registration : good job.

[heifien91]

Would caution newcomers that while some of these companies may be net-nets, identifying the ones where management has its interest aligned with minority shareholders and not just lining their own pockets is very crucial.

[opmi]

^^ net-nets are net-nets for some reasons. Just like a pretty girl, who wont be available too long for guys to chase.

when playing net-nets, must at least know specifically why it is undervalued.

[CityFarmer]

^^ net-nets are net-nets for some reasons. Just like a pretty girl, who wont be available too long for guys to chase.

when playing net-nets, must at least know specifically why it is undervalued.

Pure quantitative mean of net-nets investing, needs broad diversification, to work. Both our mentors, The late Graham, and Schloss were having about 100 stocks with the approach.