Upon release the financials, the share price has jumped from 4.44 to 4.77 within 5 days – Awakening the Giant!
So let’s review what was stated in the latest financials:
– The company has decided to keep to their aggressive dividend policy (YESHHH…33 Cents per Share) despite net profit dropping significantly.
– The company balance sheet continue to remain debt-free.
– Today’s price of 4.660 is still below its Net Current Asset Value by more than 5%.
So Although I made gains but I am keeping and not selling because…
- Debt-Free – It still remains one of the developers in Singapore that do not have any debt in its balance sheet. This is significant because the …