- 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 ...
Bukit Sembawang Estates Ltd has recently release their latest full year 2016 financials. I have shared previously in 2 separate posts why I invest in this company.
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…