The pandemic has made it woefully clear that cash is king. When shops are closed and citizens are under lock down, cash flows of many companies dried up. Without the government’s help, many more firms may have gone underwater.
On the other hand, there are also stable/resilient companies with little debt and even churned out huge have taken very little or no debt and lived basically on its cash flow and existing cash. These companies are expected to last through the virus situation with little damage.
We have scoured Singapore’s listed stocks and here are 3 amazing stocks that are net cash.
#1 Singapore Exchange Limited
Singapore Exchange Limited (SGX) is the only exchange in Singapore. It is headquarted in Singapore and provides a platform for equities, bonds, commodities, etc. About 40% of its listed companies and 80% of listed bonds are originated outside Singapore.
As of its latest half-yearly report, SGX’s revenue increased by 8.8% to $520.8 million. Its net profit increased by 10.9% to $287.6 million....