In a antecedent commodity here, we saw that there were 107 net-net stocks, as of 12 October 2018. To apperceive what a net-net banal is, you can bang here.
In this article, let’s attending at 20 of those cheapest stocks sorted out according to the afterward two lists:
1) The 10 net-net stocks with the better bazaar capitalisations; and
2) The 10 better net-net stocks that accept absolute net assets over the aftermost 12 months, as able-bodied as added banknote than debt on their antithesis sheets.
Here are the 10 stocks in the aboriginal list: UOB-Kay Hian Holdings Limited (SGX: U10), Hong Leong Asia Ltd(SGX: H22), Sino Grandness Food Industry Group Ltd(SGX: T4B), Cortina Holdings Limited(SGX: C41), SLB Development Ltd (SGX: 1J0), Hanwell Holdings Ltd(SGX: DM0), YHI International Ltd (SGX: BPF), Nam Lee Pressed Metal Industries Ltd(SGX: G0I), Goodland Group Ltd(SGX: 5PC) and ISDN Holdings Ltd(SGX: I07). © Provided by FoolSource: S&P Global Bazaar Intelligence
The afterward are the stocks in the additional list: Cortina Holdings Limited, Hanwell Holdings Ltd, Nam Lee Pressed Metal Industries Ltd, ISDN Holdings Ltd, Multi-Chem Ltd (SGX: AWZ), Design Studio Group Ltd(SGX: D11), Asia Enterprises Holdings Limited(SGX: A55), Sunright Limited(SGX: S71), Sin Ghee Huat Corporation Ltd(SGX: B7K) and Datapulse Technology Limited(SGX: BKW). © Provided by FoolSource: S&P Global Bazaar Intelligence
To apprentice how to account a company’s net accepted asset value, let’s use Sunright as an example. The aggregation is one of the world’s better absolute providers of avant-garde semiconductor analysis and burn-in services.
As of 31 July 2018, Sunright had absolute accepted assets of S$133.26 actor and absolute liabilities of S$60.89 million. This gives a net accepted asset amount of S$72.37 million.
The firm’s allotment amount bankrupt at S$0.47 on 12 October 2018, giving a bazaar capitalisation of S$57.72 million. The arrangement of its market-capitalisation-to-net-current-asset-value was, therefore, 0.798. This additionally agency that Sunright was affairs at a 20% abatement to its net accepted asset value.
The Foolish basal line
Net-net stocks are usually companies that are in austere agitation and/or accept poor business fundamentals. That is why about-face is important back advance in such stocks.
The two lists of bargain stocks apparent beforehand are not a advocacy to buy or advertise any of those stocks. The aim actuality is to artlessly allotment some of the undervalued stocks in the Singapore banal bazaar appropriate now for your own added research.
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