By James Yeo //
January 27, 2021
News of stock prices reaching record highs have been bombarding the headlines every week. Famous indexes such as S&P 500, NASDAQ and Dow Jones have been racking all the times since fourth quarter of 2020. Closer to home, even STI index is close to the 3000 mark. As a result, many stocks have reached its 52 weeks high. 52 weeks high is regarded as a signal for investors where the underlying stock price is in a bullish state. It is an important indicator for both fundamental and technical investors. We have scoured the Singapore market and have identified 3 stocks that are trading at their 52 weeks high that you should take note of.

#1 UMS Holdings Limited  

UMS Holdings Limited is a provides equipment manufacturing and engineering services to Original Equipment Manufacturers of semiconductors and related products. The company offers modular and integration system for original semiconductor equipment manufacturing. It is headquartered in Singapore, and the Group has production facilities in Singapore, Malaysia and California, USA. As of its latest quarterly report, UMS’s revenue increased by 37% to $45.2 million. Its net profit increased by an astounding 41% to $13.9 million. Free cash flow came in at a healthy $11.6 million. Cash balance of the company was at a healthy and sustainable level of $47.7 million. The stock price reached its 52 weeks high on 22nd January, which was at $1.36. The stock clocked an extremely outstanding 18.26% YTD. UMS last closed at $1.36 which values it at a P/E of 16.1 and dividend yield of 3.38%.

#2 Micro-Mechanics Holdings Limited

Micro-Mechanics designs, manufactures and markets high precision parts and tools used in process-critical applications for the wafer-fabrication and assembly processes of the semiconductor industry. The Group is also engaged in contract manufacturing of precision parts and tools used in process-critical applications for the semiconductor wafer-fabrication industry. It has sales into many regions across Asia, USA, and Europe. As of its quarterly report, Micro’s revenue increased by 18.3% to $18.15 million. Its net profit increased by a remarkable 42.3% to $4.65 million. Free cash flow came in at a healthy level of $4.9 million. As a result, cash balance of the company is at a good level of $25.3 million. The stock price reached its 52 weeks high on 22nd January, which was at $3.91. The stock clocked an impressive 40.14% YTD. Micro-Mechanics last closed at $3.91 which values it at a P/E of 31.74 and a dividend yield of 3.07%.

#3 Wilmar International Limited

Wilmar is a leading agribusiness group with activities including oil palm cultivation, oilseed crushing, edible oils refining, sugar milling and refining, manufacturing of consumer products, specialty fats, oleochemicals, biodiesel and fertilisers as well as flour and rice milling. It has over 500 manufacturing plants and an extensive distribution network covering China, India, Indonesia and some 50 other countries and regions. As its latest quarterly report, Wimar’s revenue increased by 14.6% to $35.98 billion. Its net profit increased by a remarkable 34.2% to $1.15 billion. Cash flow from operating activities came in at $2.22 billion. Net debt of the company stood at $13.37 billion. The stock price reached its 52 weeks high on 21st January, which was at $5.47. The stock clocked a note-worthy 13.12 % YTD. Wilmar last closed at $5.43 which values it at a P/E of 17.32 and a dividend yield of 2.83%.
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About the author James Yeo

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