Shares & Derivatives
New Counter: Sapphire Corporation
By 10% Per Annum  •  March 21, 2017
In a bid to reach my target portfolio size of 8 counters, I will spend my bonus on acquiring 2 more stocks. Sapphire is the first of the 2. Equity: Sapphire Corporation (SGX: BRD) Business: Rail Infrastructure Construction Markets exposed: Primarily China, increasingly Developing Asia Stock exchange: SGX Purchase price: 0.335 Purchase month: March 10% per annum:  Sapphire Corporation is a turnaround that is now poised to be a fast grower. Introduction: Sapphire has been reworking their business model since 2014. They sold their steel business, bought the mining business Mancala, bought Ranken, and recently sold 81% of Mancala. With the sale of 81% stake in Mancala, Sapphire Corporation's business is now primarily concentrated in Ranken, a rail constructor. In terms of Geography, China is currently Ranken's biggest revenue contributor. The company is branching out into other parts of developing Asia such as Bangladesh. Considerations: 1) Strong Governance ......
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By 10% Per Annum
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