As stated previously, I wanted to write about this Singapore civil construction firm that is almost a net-net firm, which I currently already owned.
Although it is in a very unpopular industry that is deem to be low margin, but there are a lot of positive for the company going on right now!
The reasons are as follows:
- A Profitable Company with its Market Cap is below its Net Current Asset Value.
This meant that its current asset is able to cover all its liabilities and is still very close to its share price! In addition, the company is profitable with no debt.
| Balance Sheet taken from its latest HY report |
- Almost S$1 bn of order book right now!
The company was recently awarded 2 civil construction contracts that bought their order book to almost S$1 bn!
Civil construction projects maybe deem to have low margins. However, this order book should be...
