Edge Forum (13th July 2019)

Speaking at The Edge Singapore‘s event last Saturday, I shared with the audience four companies I was currently looking at.

1. Sing Holdings – They are a niche developer, with only one major development, Parc Botannia. This makes them easy to track. What I also like about them is that they one of the fattest margins.

2. Yongnam Holdings – One of the biggest structural steel players. Its order book is currently at the $450 million mark, providing strong revenue and earnings visbility. This will be further supplemented with large projects such as Changi Aiport expansion, North-South Corridor, Jurong MRT extension and MBS phase 2 expansion.

3. HRnetGroup – One of the largest recruitment agencies in Asia Pacific ex-Japan. The company has key advantages in the industry, namely its regional presence, strong cash position of nearly $300 million and ability to service the largest institutions.

4. Fu Yu Corporation – One of the largest plastic manufacturer in Singapore, Fu Yu is a cash generating machine and a privatisation play. Its management team is also very prudent with spending and it pays out close to 7%-8% in dividends.