#2 Boustead Singapore Limited
Boustead Singapore is a progressive global Infrastructure-Related Engineering and Technology Group listed on the SGX Mainboard.
Focusing on the niche engineering and development of key infrastructure to support sustainable socio-economic growth in global markets, our strong suite of engineering services under our Energy Engineering Division and Real Estate Division centres on energy infrastructure and smart eco-sustainable business parks and industrial developments.
As of its latest annual report, Mewah’s revenue increased by 54.3% to $ 726.6 million. Its net profit dipped slightly by 10.4% to $ 44.5 million.
Free cash flow came in at $124.4 million. The cash balance of the company, as a result, increased to a healthy level of $281.7 million.
Boustead hit its 52 weeks high price at $1.23 on 3
rd June closing. It is a praise-worthy 39.8% increase YTD for the company.
With the world transitioning to eco-friendly infrastructures and focusing on saving the environment, the technology of eco-friendly engineering has given Boustead an edge thus the recognition on the stock price.
Boustead last closed at $1.23, which valued the company at a P/E ratio of 14.7x and dividend yield of 3.3%.
#3 Olam Group Ltd
Olam is a leading food and agri-business operating across the value chain in more than 60 countries, supplying food, ingredients, feed, and fibre to more than 17,300 customers worldwide.
As of its latest annual report, Olam’s revenue increased by 8.6% to $35.8 billion. Its net profit dropped by 35.7% to $178.2 million. This is likely an effect due to COVID; which has driven supply chain costs up.
Free cash flow came in negative but the cash balance is at an extremely healthy level of $2.85 billion.
Olam hit its 52 weeks high price at $1.82 on 3
rd June closing. Its stock price experienced a 17.4% increase YTD for the company.
Olam is one of the biggest food producers and traders in the world is well positioned for supplying the necessities to consumers in the world. It has been evident that food is a commodity that will be required by everyone thus the faith in the stock and the company.
Olam last closed at $1.82, which valued the company at a P/E ratio of 30.5x and dividend yield of 4.2%.