23-02-2024, 11:38 AM
It has been a while, but I have finally gotten down to writing another piece. And this time the focus is on Hock Lian Seng Group!
The Group has released results yesterday, and it all looks rather prudent and promising at the same time. Hock Lian Seng has been continuously profitable since it was listed on the SGX in 2009, and that includes during the covid period! So I believe prudent is the right word to use.
With a market capitalisation at S$138m (S$0.27 per share), the company holds S$132m and that balance is expected to continue to rise. Would a special dividend be in store for FY2024? In the meantime, I am going to enjoy the 1.5 cents per share dividend that was announced which gives it a 5.6% dividend yield.
https://www.thesquirrelsdrey.com/post/ho...value-trap
https://links.sgx.com/FileOpen/Unaudited...eID=787328
The Group has released results yesterday, and it all looks rather prudent and promising at the same time. Hock Lian Seng has been continuously profitable since it was listed on the SGX in 2009, and that includes during the covid period! So I believe prudent is the right word to use.
With a market capitalisation at S$138m (S$0.27 per share), the company holds S$132m and that balance is expected to continue to rise. Would a special dividend be in store for FY2024? In the meantime, I am going to enjoy the 1.5 cents per share dividend that was announced which gives it a 5.6% dividend yield.
https://www.thesquirrelsdrey.com/post/ho...value-trap
https://links.sgx.com/FileOpen/Unaudited...eID=787328