#2 Lum Chang Holdings Limited
Lum Chang has evolved and expanded its businesses to include property development, investment and interior finishing works. The group has presence and office in Singapore and Malaysia.
As its latest annual report, Lum Chang’s revenue increased by 34% to $322.7 million. Its net profit came in negative for the full the full year due to other losses.
Free cash flow came in at $94 million. As a result, cash balance of the company increased to a level of $150.4 million.
Between September 15 and 18, Lum Chang’s executive chairman Raymond Lum acquired 1,658,000 shares of the listed company for a consideration of S$580,300 at an average price of
$0.35 per share.
On top of that, MD David Lum have also done a series of insider purchases - increasing his stake from 21.63% to 22.07%. His purchase price ranges from S$0.35 to S$0.38.
Lum Chang last closed at $0.38 which gives it a dividend yield of 3.4%. P/E ratio is not meaningful as its has suffered from losses the past year.
#3 Hanwell Holdings Limited
Hanwell is a distributor of food essentials such as rice, oil, etc. Some of its popular brands include
Golden Circle oil
, Topseller, Royal Umbrella rice sacks, etc. It has a presence in China, Malaysia, Singapore, and Japan.
As its latest annual report, Hanwell’s revenue decreased slightly by 8.1% to $461.1 million. Its net profit decreased by 46.7% to $11.8 million.
Free cash flow came in at a $32.87 million. Cash balance of the company was at a sustainable $121.99 million.
On September 8 - 24, Hanwell's CEO Tang Cheuk Chee acquired 6.8 million shares of the stock at an average of $0.28 cents per share. This increased his total interest in the stock to 19.58%.
Moreover, Mr. Sam
Goi Seng Hui also known as Singapore's "
Popiah King" started buying Hanwell's shares and increased his stake from 19.34% to 20.03% as of 28 Oct 2020.
Hanwell last closed at $0.28, which values it at a P/NAV ratio of 0.5x and dividend yield of 0.8%.