Asked on 22 Apr 2020
Recently came across this stock on SGX, understand that their stock is relatively illiquid but has strong financial fundamentals. Any thoughts?
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Alvin Teo
Answered on 25 Apr 2020
The company has good fundamentals (no debt) but I’m also wary that it might be value trap.
No debt is good thing but it needs to make money also so that the value can be “unlocked”.
It’s arm selling outdoor furnitures is not bad
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Colin Lim, Financial Services Consultant at Colin Lim
Updated on 24 Apr 2020
Why this stock? is there potential in furnitures making which is highly competitive...
i not sure about u...i more prefer to potential growth..
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Yang Teng
Answered on 24 Apr 2020
You can take a look at this article: https://www.drwealth.com/an-attractive-singapore-growth-stock-with-a-presence-in-china/ and https://seedly.sg/questions/stocks-discussion-sgx-koda-ltd-sgx-bjz
I took a quick look at the company. It is has no current debt and high ROE. However, the CFO which was appointed in jun 2017, following the restructuing which lead to the great performance in FY18, ended his duties this year. With the pandemic ongoing, challenging environment, and uncertaintly, it is unsure whether they will deliver the results.
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