3 Companies Trading Near 52-Week Low

The 52-week low is the lowest price at which a stock has traded during the time period that equates to one year and is viewed as a technical indicator.

This technical indicator is used by some traders and investors who view the figure as an important factor in the analysis of a stock’s current value and as a predictor of its future price movements.

In this article, we will be looking at 3 companies that are trading near their 52-week low:

• Centurion Corporation Limited (SGX: OU8)
• Japfa Limited (SGX: UD2)
• Hyphens Pharma International Limited (SGX: 1J5)

1) Centurion Corporation Limited (SGX: OU8)

Centurion Corporation Limited (“Centurion”) owns, develops and manages quality, purpose-built workers accommodation assets in Singapore and Malaysia, and student accommodation assets in Australia, South Korea, the United Kingdom (“UK”) and the United States (“US”). The Group owns and manages a strong portfolio of 35 operational accommodation assets totaling approximately 76,961 beds as of 30 September 2021.

Key Statistics

Share Price Performance

After hitting a 52-week high of S$0.37 back in January 2021, Centurion’s share price has since witnessed a sharp decline of more than 10% to just S$0.33 in March 2021. This was mainly due to the profit warning announcement being issued by the company in February 2021, as Centurion expects its FY2020’s profit to drop by more than 80%.

Since then, its share price has been hovering around S$0.32 and S$0.34, as the ongoing COVID-19 pandemic and the discovery of new variants is expected to continue to have a drag on its business operations.

2) Japfa Limited (SGX: UD2)

Headquartered in Singapore, Japfa Limited (“Japfa”) is a leading vertically integrated agri-food company listed on SGX since 2014. Established in 1971, the Group has grown into one of Asia’s leading low-cost producers of protein staples including poultry, beef, dairy as well as protein-based consumer products across fast-growing emerging Asian economies such as Indonesia, China, India, Myanmar and Vietnam.

Key Statistics

Share Price Performance

With a strong set of FY2020’s result and 1Q FY2021 result, Japfa’s share price has hit a high of S$0.93. However, with escalating commodity prices, ongoing COVID-19 pandemic as well as a weaker 3Q FY2021 financial performance, Japfa’s share price has declined by more than 33% to a 52-week low of S$0.60.

With its share price hovering around the 52-week low, Japfa’s management has commenced a series of share buybacks to support the company’s share price.

3) Hyphens Pharma International Limited (SGX: 1J5)

Hyphens Pharma International Limited (“Hyphens Pharma”) is Singapore’s leading specialty pharmaceutical and consumer healthcare group, leveraging on its diverse footprint in ASEAN countries. The Group has a direct presence in Singapore, Vietnam, Malaysia, Indonesia and the Philippines, and is supplemented by a marketing and distribution network covering 10 other markets – Bangladesh, Brunei, Cambodia, China, Hong Kong S.A.R., Macau S.A.R., Myanmar, Oman, South Korea and Sri Lanka.

Key Statistics

Share Price Performance

The good news of Hyphens Pharma receiving the e-pharmacy license for WellAway Pharmacy causes its share price to spike up and hit a 52-week high of S$0.37 during 8 January 2021. Since then, its share price has been on a downward trend and hit a 52-week low of S$0.29. This translates into a decline of 21.6%.

With the latest announcement on the exclusive licensing deal of Ustekinumab biosimilar for Singapore, Malaysia and the Philippines, this caused Hyphens Pharma’s share price to rebound above the 52-week low.

Conclusion

To summaries, an individual stocks’ 52-week low is a support level that traders can use to trigger trading decisions. Investors and traders may show increased interest in these counters as it could be an opportunity for the stocks to rebound, after experiencing a long period of sell down.

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