COVID-19 has stunted growth of many companies and also put many companies out of business.
Examples include the famous JCPenney and most recently, Robinsons closing down in Singapore. Other than facing a poor macro-economic outlook, most of the companies went bankrupt due to a heavy debt burden.
In these tough times, one cannot stress the importance of the slogan – ‘Cash is King’.
Companies with ample cash on hand could leverage on the current situation to acquire companies at good prices and continue to expand while its competitors are reeling from the pain.
With that, we have scoured out 3 companies with either a big warchest or positive cash flow generation.
#1 Sheng Siong Limited
Sheng Siong Group Ltd. is one of the largest supermarket chains in Singapore with 64 outlets all across the island. The Group’s outlets are primarily located in retail locations in the heartlands of Singapore.
The outlets are designed to provide its customers with both “wet and dry” shopping options including: