Shares & Derivatives
Singapore O&G: Three things to know about the new CEO
By Evergreen Investing  •  January 18, 2020

Singapore O&G (SOG) has a new CEO! SOG has appointed Eric Choo, the ex-CFO with effect from 3 February 2020. Eric was the CFO of SOG from 2014-18 and was involved in the company’s 2015 IPO before leaving to work as CFO of Eagle Eye Centre.

Here are a few thoughts:

It’s always a good thing when the ex-CFO returns to work for a company. At the very least, you know that the company’s accounting practices are sound! Eric Choo previously spent 4.5 years working for SOG so he should be able to hit the ground running. On the downside, the new CEO knows about the skeletons in the closet so the company may do a big goodwill write-down for the dermatology segment when they report results in February 2020. A complete write-down will be painful but it will allow investors to see the company’s growth for subsequent years. (It’s...
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By Evergreen Investing
I have been investing over the last 8 years and felt inspired to start this blog after getting many questions from friends and family about dividend investing. The Evergreen Investing blog aims to prove that a portfolio of SGX income stocks can generate decent annual returns through dividends and capital gains over a 5 year period ...
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