Do shares in uninteresting industries that will hardly ever make it to the headlines of newspapers like oil stocks in the current downturn and technology companies getting higher and higher valuations make good investments? I think that there are usually in these industries there are some that will be overlooked and offer attractive prices that will be able to sustain a good return to the investors that take time to look at them. This blog post is intended to highlight one of them.
Which company am I highlighting here? It is Colex, better known as one of the four public waste collection companies in Singapore and in charge of the Jurong sector of Singapore (map below). Other than its waste disposal business, it also derives around 40% of its revenue from its contract cleaning business.