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Any one invested in this company? It announced a respectable set of result last night. 1H sales increased by 9.5% but GM increased by 18% compared to last year. Q2 GM% of 18.1% is the highest for the last few quarters. Current NTA is 26.67c, while the share price is trading at around 0.20c. It also declared a 0.006 dividends, same as last year. Expect at least another 1c dividends at year end, which gives a dividend yield of 8%.
Vested.
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It's a powerful undervalued stock, especially when u stay vested in long run.
if u compound dividend to buy more stock, it gives a respectable returns of at least 15%. Do the maths and u will see it.
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u are absolutely rite. If u bot above book value, u can't get such returns.
Look at taisin price chart. Over the yrs, it average a growth of 6%pa. It's nav also grew around that rate. So stability is there.
Look at it's dividend payout. It remained stable also for donkey years.
Controlling 30%of electrical and switchboard in s'pore industry, it's tapping the growth of s'pore's infrastructure.
Won't be surprised that matter of time before it ceases to be a penny.
Any price below it's bookvalue, can go in, quite frankly. Buy and hold. Fast buck is out of question.
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how do u guys see the recent acquisition of 50% CAST Labortories. This testing is in competition with VICOM's SETSCO. Could we see some kind of good growth there?
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and i forget to mention that cement certification is an area where there is a significant portion of recurring income. civil engineering's income and demand are more dependent on the growth of the construction sector