There’s always a silver lining, even during Phase 2.
Investors would do well to remember this as they navigate the current investing landscape to look for resilient companies.
This is not the first time Phase 2 has happened.
Last year, some businesses bucked the trend and reported significant higher net profits.
Of course, the caveat here is that you should assess if these earnings are sustainable or just a one-off occurrence.
That’s why it’s important to look at a company’s competitive moat, a concept popularized by investment guru Warren Buffett.
When a business possesses a unique competitive advantage, investors can feel more certain that it will be able to continue reporting healthy numbers.
Here are three companies that posted a significant year on year rise in net profit.
iFAST Corporation Limited (SGX: AIY)
iFAST is a financial technology company that owns and operates a platform for clients to purchase a variety of securities such as unit trusts, shares and bonds....