There is something happening in this company.
The company is Chuan Hup Holding Ltd and the last post I have written about it was a long time ago.
Currently I am making paper losses currently.
The reason I continue to hold on to it is because:
The conservative management – The management has never tried to grow aggressively despite having so much cash, but they are also not worried to take action when required to do so. This is shown in their decision to invest in Australia, way before other companies that just started to make inroads into the country. Another action is the company’s decision in rejecting Falcon Energy Group Ltd initial general offer for CH Offshore Ltd, which led to a higher offer from Falcon Energy Group Ltd.
No borrowings – After holding this company for some years, I realise it does not leverage up for growth. We …