Revenue increased 13.6%
Segmental profits increased 33.1%
That was all that's announced via SGX. But it's good enough to let me know that their business is still stable (contracted) and their profits are still surging quarter by the quarter.
It's smelly and shunned by others. Yet, I'm loving it!
Since this stock is out of the radar for most investors, it's share price hasn't reacted according to their results.
|
May-15 |
Oct-15 |
Share price |
$0.25 |
$0.31 |
Share price % change |
|
24% |
Profits % change |
|
33% |
This may be a smelly business, but I love it for its value it holds. Although Colex doesn't have a high dividend yield, which is contrary to what my other portfolio is, I'd find it hard to pass this opportunity to grab this value stock...
...