I wanted to wait till later to write this post on Bukit Sembawang Estates Limited (BSE) – as it is only a recent addition to my portfolio.

However, after reading the post by Brian’s on the developer’s ratio and not including BSE in the list, I decided it is my role to update others on the financial health of BSE (Brian, no offence! Just kidding.)

Just a quick note before I start off, when I look at Blue chips as compared to Penny Stock/Small Caps, I do not use the Value Stock Scorecard to do any scoring. After all, to me, I review a blue chip via its profitability, branding, future projects and business models.

Profile in Short

Founded in 1911 and based in Singapore, BSE is a residential property developer. (Yup, that’s it. So easy!).

Why So Good?

No Debt – As many of you know, I …