Defensive Stock#2 - Mewah International
Mewah is a global agri-business, focused on edible oils and fats with refineries and processing facilities in Malaysia, Singapore and Indonesia, established brands and sales to customers in over 100 countries
As of its latest annual report, Mewah’s revenue increased by 22.3% to USD 3.44 billion. Its net profit increased by a remarkable 644.9% to USD 86.1 million.
Free cash flow came in at $139.9 million. Cash balance of the company as a result increased to a healthy level USD 78.2 million.
Mewah specializes in oil, soaps, rice and diary products. All of which are necessities to our daily lives. Evident from their above results, the pandemic has boosted the company’s top and bottom line greatly.
Further lockdowns are likely to continue to contribute the its good results. With more people staying at home, more home cooking will be done.
Mewah last closed at $0.395, which valued the company at a P/E ratio of 5.1x and dividend yield of 1.9%.
Defensive Stock#3 - OTS Holding Ltd
OTS was established in 1993, and are a brand builder and food manufacturing group in the consumer
industry with a strong niche in ready-to-eat and ready-to-cook meat products with key markets in
Singapore and Malaysia
Its vision is to develop a growing portfolio of established consumer brands and to become an
innovative market leader in the region.
As of its latest half-yearly report, OTS’s revenue increased by 44.2% to $21.1 million. Its net profit increased by an astounding 262% to $2.9 million.
Free cash flow came in at $0.9 million and cash balance is at an extremely healthy level of $4.9 million.
You might not have heard of the company's name but it is a renowned company supplying for NTUC, Sheng Siong, Hao Mart, etc.
With consumers staying at home more frequently, ready-to-eat products are increasingly getting more popular. OTS will definitely be rewarded by this trend, which is evident from its huge increase in revenue and net profit.
OTS last closed at $0.30, which valued the company at a P/E ratio of 21.8x and sports a decent 2.29% dividend yield.