It has an long long time since I did any update on Chuan Hup Holding Ltd.
The
last post was dated 13 September 2015.
I will not be long winded and talk about Chuan Hup Holding Ltd
(Please read through the previous post).
Based on the Triple S Scorecard:
Although I suffered paper losses, but...
- Still very rich - The Group still has $93.442 Million in cash. Note that although most of the cash is still with PCI Ltd, but Chuan Hup Holding Ltd can request for high dividend from PCI Ltd. The Group also has investment securities, which can be easily converted to cash. During this downturn, the Group can also utilized the cash and purchase many undervalue assets.
- Pass Triple S Scorecard - The Group still pass the Triple S Scorecard with flying colours. Based on the current lower price, it fares even better.
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