Small Caps Heaven In Singapore
For the past few months now, we have the small caps leading the way in the STI, oblivious and impervious to the EM meltdown.
It has become the usual headline that about small and mid cap stocks dominating the STI like the Reuters piece today.
“Small and mid-cap companies such as Albedo Ltd and YHM Group Ltd dominated the list of most actively traded stocks in Singapore on Tuesday, with the broader index little changed.”
The Business Times even reported in 23 August that it would appear that penny stocks are now the safe haven even as the blue chips suffered.
Just take a look at the list of year to date top performers.
I highlighted Blumont last week because of its amazing balance sheet.
“Interesting company. SGD 4.08 billion is its market cap (Olam is only SGD 3.477 bio).
Yet the company has only SGD 120 million in assets. Olam has about 15 billion in assets !!”
If we examine the statistics, its mainly the mid caps that have moved in the past 3 months.
|NAME||Market Cap||3M % CHANGE|
|OSSIA INTL LTD||143,998,816.00||438|
|MIRACH ENERGY LT||437,884,128.00||250|
|TRITECH GRP LTD||264,584,416.00||211|
|BLUMONT GRP LTD||5,682,615,296.00||173|
|EMS ENERGY LTD||72,554,768.00||164|
|OCEAN SKY INTL||197,754,064.00||150|
I decided to do my own sleuth work and pin point a random list of about a dozen stocks that could move in the near term based on their volumes traded in the past fortnight.
|NAME||Market Cap||3M % CHANGE||INDUSTRY|
|MARCO POLO MARIN||132,892,504.00||4||Shipbuilding|
|ADV SYSTEMS AUTO||28,619,404.00||21||Semiconductor Equipment|
|RENEWABLE ENERGY||38,024,092.00||0||Energy-Alternate Sources|
|ANNICA HOLDINGS||38,056,100.00||53||Oil Field Mach&Equip|
|KS ENERGY||243,771,696.00||20||Oil Field Mach&Equip|
|SITRA HLDG INT’L||13,772,000.00||5||Bldg Prod-Wood|
|MAGNUS ENERGY GR||100,385,224.00||33||Oil Field Mach&Equip|
|FALCON ENERGY GR||352,797,792.00||38||Oil-Field Services|
Notice it is the ship building/oil and gas sector again ? Since Ocean Sky was suspended and market rumours that Ezion was about to take a stake in them. It is thematic.
These are the small chips too.
Do take a look and let me know what you think ? Good luck folks.
Net cash $21.6m
Financial assets (quoted equities): $51.1m
Total net cash and financial assets per share: 3.55 cents
NAV per share: 3.96 cents
Current share price: 4.6 cents.
The oil & gas trading business (former mid-continent) is loss making but in the event of a RTO, the shell should be worth some $$$
This one was pretty active last year I think. Well, its up quite a bit this week.