Alan Miltz has this saying that "Revenue is Vanity, Profit is Sanity and Cash Flow is King". I agree with him that the importance of cash flow can never be understated in a business. In this post, I will look at the concept known as free cash flow and why it is important, what it … Continue reading How to Interpret and Use Free Cash Flow
Nordic Group Limited (SGX:MR7) is a global solutions provider in areas of System Integration, Maintenance, Repair, Overhaul & Trading, Precision Engineering, Scaffolding, Insulation Services and Petrochemical & Environmental Engineering Services. In 2020, they are hit by a number of issues relating to Covid-19 such as the extended closures of the Group's operations in China and … Continue reading Nordic (SGX:MR7) – Will Contract Backlog Will Push Nordic Back Up?
Union Gas Holdings Limited (SGX:IF2) has reported an increase in profits for FY19 and ended the period with $6.8 million of free cash flows.The double digit growth in revenue and profit is due to the incorporation of their commercial LPG business and it can have a positive impact on Union Gas's future earnings.The COVID-19 will … Continue reading Union Gas Holdings Limited (SGX:IF2) – Under-appreciated Cash Flow Machine with 7.5% Yield
Summary Teckwah Industrial Corporation (SGX:561) trades at 30% discount to tangible book value and EV/EBIT of 6.83.Part of the performance decline in FY18 is due to the ongoing trade war.The company has been generating consistent free cash flow with current dividend yield of 3.3%.Teckwah is implementing a transformation plan which will provide near term and … Continue reading Teckwah Industrial Corporation (SGX:561) – Cheap Value Play, But Execution is Key
When I first invested in Powermatic Data, what I saw was a company with huge margin of safety with its cash hoard and properties. If you ask me then, what does it do, I would probably say "they have something to do with modems". That was almost 3 years ago. Today, Powermatic Data is a … Continue reading Powermatic Data (SGX:BCY) – The Right Place at the Right Time
Real estate company Straits Trading (SGX:S20) is valued by the company at a 44% discount to its net asset value of $3.66 based on its current share price of $2.07. If based on my RNAV calculation done in my previous post (see here), it would be trading at 43% of RNAV of $4.79. I decided … Continue reading Straits Trading (SGX:S20) – Value Unlocking Continues but…
September came and flew past. Events, both life and work, stacked up so closely that everything seemed to happen so fast. I had my 2 weeks reservist and it felt like a much needed vacation. The low point is when I had to fork out $2k for my car repair cost and my root canal … Continue reading September 19 Review – Big Win for REITs
The first time I had the famous Chili Crab by Jumbo Seafood was at their Dempsey Hill outlet. Imagine my surprise when I saw that their restaurant is packed on a Tuesday night. Even when we left the premises at 10pm, it is still relatively full, mostly tourists. As I dug deeper into the company's … Continue reading Jumbo Group (SGX:42R) – Workable, Scalable
Gold's rally in 2019 is not showing any signs of abating, with prices climbing to fresh highs amid uncertainty in global markets. I've decided to take a look at CNMC Goldmine to see if there are any investing opportunities. Company Background CNMC Goldmine Holdings Limited is a Singapore-based investment holding and management company. The Company … Continue reading CNMC Goldmine (SGX:5TP) – Time to Shine Again?
The greatest trader of all time, Jesse Livermore, said, "It was never my thinking that made the big money for me. It always was my sitting." Some companies have the ability to make you sit for very very long before they realize their value. This is one of them. Considered by many to have one … Continue reading Sing Holdings (SGX:5IC) – Worth The Wait?