Singapore
Singapore, a Heavy Exporter at a Low Multiple
Unlike most of its peers in Asia, who are often led by private consumption, the Singapore economy is driven by net exports. Singapore has a cheap valuation as a whole due to relatively weak fundamentals.
Read MoreServicing Airports Makes for a Gentle Landing
SATS Limited is a Singapore-based provider of gateway and food services at 45 airports across Asia. Its main operations are in Changi International Airport. It also has operations at Singapore’s cruise terminal, Marina Bay Cruise Center. Profitable Growth has remained World Class since 2015 for the company.
Read MoreSheng Siong Singapore Supermarket Stock
Sheng Siong Group Limited is the third-largest supermarket chain in Singapore. The company is headed by the Lim brothers which are founding shareholders and have been with Sheng Siong since 1983.
Read MoreRecommendations on Singapore Have Seen a Massive Fall
Consensus recommendations on Singapore have gone from a “Buy” in the 2014-2015 period to the current recommendation of “Sell”—a massive fall.
Read MoreSingapore is Cheap valuation, But For a Reason
The GDP in Singapore is driven by private consumption and investment. Singapore is one of the poorest performing markets in Asia. Earnings fell in 2015 and are expected to develop poorly. Singapore is cheap on PB in line with a relatively low ROE.
Read MoreSheng Siong Group Limited – a Singaporean Mid-Cap with Strong Momentum
This third largest supermarket chain in Singapore, Sheng Siong Group Limited, has 35 outlets and steady EPS growth. This mid-cap stock has strong profitability, low volatility, no debt and good price momentum, though this combination does not come cheap. I like the steady, defensive nature of its business and its slow rise in net profit margin over the past two years.
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