Asia Enterprise Holdings (AEH) is a steel stockist listed on Singapore Stock Exchange. I first got to know it during its IPO, but I classified it with Telechoice as those Singapore smallcaps that earns 5-7% dividend yield. The thing about these smallcaps is that you do not know whether they would stand up to the test of time. There are many smallcaps that have been in operation for a long time despite its size. Some names are Boardroom, CEI, SinGheeHuat, Telechoice and GRP. You guys might want to take a look at them.

The business

Steel Stockist like Asia Enterprise Holdings are simply the small middleman between large companies like Keppel, Sembcorp Marine and their demand for different types of steel products. Whatever size of steel products the users look for they deliver. It is not a very glamorous business and it is a very competitive business. Every body in ......