As investors, we like to see the stocks within our portfolios post healthy capital appreciation over time.
But remember that stocks are not just ticker symbols with share prices attached to them.
They represent living, breathing businesses that sell useful goods and services.
Share prices will rise in tandem with a growing business that is reporting higher revenue, profits, and free cash flow.
Here are three lesser-known Singapore stocks that are taking concrete steps to unlock value for shareholders through promising business developments.
Civmec Ltd (SGX: P9D)
Civmec is an integrated construction and engineering services provider serving the energy, resources, infrastructure, and marine & defence sectors.
The group has officers in Australia and provides heavy engineering, shipbuilding, site civil works, and other services.
Last month, Civmec announced the acquisition of Luerssen Australia Pty Ltd for a cash consideration of A$20 million.
Luerssen Australia is a specialist naval shipbuilding company with a highly skilled workforce.
The company has developed advanced shipbuilding...