Shares & Derivatives
7 reasons why HRnetgroup is on my watchlist
By 10% Per Annum  •  July 2, 2017
HRnetgroup is a recent IPO on the Singapore Exchange which officially begun trading on June 16. Since then, their share price had faced unrelenting downward pressure. Despite repeated purchases by the Stabilising Manager, their share price had fallen below the IPO price of S$0.90.
Source: SGX Company Announcements
 
Declining share price aside, HRnetgroup actually runs a very decent business. As with all decent businesses, I would be happy to invest when the price is attractive enough. Here are 7 reasons why it currently sits on my watchlist:
1) Strong Track Record of Growth
Source: HRnetgroup Prospectus
2) Resilient Business
During these 24 years of existence, HRnetgroup had actually remained profitable even during the different financial crises.
3) Strong Cash Flow Generation
 
Source: HRnetgroup Prospectus
 
In fact, the only reason why their cash balances do not increase year on year is because they paid out significant amounts of ...
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By 10% Per Annum
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