There was a useful article in the Money section of the Straits Times today. It summarizes the net profits and their turnover of the companies listed on SGX along with their NAV i.e. Net Asset Value per share and EPS i.e. Earnings per share. My apologies for the blur images as I don't have a scanner so I took the pictures using my camera phone instead. It is only during times like these where we can see which are the stronger and fundamentally better companies that are still able to increase their revenue and profits despite the recession. This reminds me of a classic Warren Buffett quote.
"It's only when the tide goes out that you learn who's been swimming naked."
Warren Buffett
Some of the companies that you should keep a lookout for includes those companies which are still able to boost their turnover and earnings. Another thing to look out is those companies that are selling below their NAV as this essentially means that they are selling below than their worth.
There were a few surprises on the list for me and one of such surprises was DBS. The NAV of DBS as listed in the table is $12.48 and going by its latest closing price of $8.04, it is selling at a discount of around 35% and I find it to be rather pessimistic.
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wa good.
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