(Stocks Discussion) SGX: GRP [SGX: BLU]?

GRP Limited engages in the design, manufacture, supply, and servicing of industrial/marine hoses, fittings, marine safety equipment, and related products for onshore/offshore, marine, oil, pharmaceutical, and petrochemical markets. The products are rather low technology based and it means low barriers of entry. The company has been struggling recently because its offshore and marine clients are in an indsutrial doldurms, so its own revenue is also struggling. Its another oil demand derived company that is good to buy if the oil industry gives an upturn

GRP Limited, an investment holding company, engages in the measuring instruments/metrology, hose and marine, and property businesses.

Most of their revenue coming from property development. Property development business is hard to scale as need to constantly look for land and takes longer time to build a property. Need lots of cash on hand as well because of the high capex.

This company is loss making for few years. Not sure how can they sustain for another few more years. Might be able to because they have quite a good sum of cash on hand.

Generally skip for me.