I have kept this counter in my watchlist for a long time now and I decide to enter into a position recently at a price of $0.29 for 70,000 shares. I have been sick recently because of the cold so didn't have time to write the report immediately.
Some of you may have heard of this stock before and there’s a couple of great written articles on this previously so I will not go into the details that have already been presented but more on what I think of the business. But let’s go through some basic findings about the company first.
Business Overview
The company designs, fabricates, supplies, and installs steel and aluminium products in Singapore and Malaysia. The core business operates through four segments: Aluminium, Mild Steel, Stainless Steel and Others. Its steel and aluminium products comprise of gates, door frames, staircase nosing, laundry racks, letter ......