To be fair, my article did not advocate that one should invest in the companies at the time it was published. My article was only to serve as a watchlist in case prices fell and presented a good buy opportunity. In fact, it was clearly stated that I believe most of these companies were overvalued except for 1.
Nonetheless, here is the results if you have bought the companies on the day the article was published and held on till today:
One thing to note is that all of these companies actually made profit and paid dividends with a yield of between 0.9% to 23.9% based on the price at 03 Feb 2015.
The STI was at 3,408.02 on 03 Feb 2015 and 2,880,17 on 18 Mar 2016, a fall of 15.5%.
As most companies on SGX have financial year ending 31st December, and March is the time of the year when these companies post their audited financial results, I have updated my stock screener and will be sharing my recommendations for 2016.
This year, the following companies are the top 10 companies with strong fundamentals that has been filtered out by my screener.
The companies are first ranked based on their Quality (Return on Invested Capital) and Value (Earnings Before Interest & Tax / Total Enterprise Value).
Next, they are filtered based on the following selection criterion:
1. Fraud Detection with Benish M score of less than -1.78
2. Above average Profitability rate of entire population screened
3. Above average Financial Health rate of entire population screened
4. Gearing (Total Debt / Total Equity) of less than 50%
5. Above average 4P score of entire population screened
6. Above average Financial Strength score of entire population screened
7. Above average Piotrosky F score of entire population screened
Below are the detailed summary of each of the following companies via links to separate posts.
[5CP] Silverlake Axis Ltd
[N01] Nera Telecommunications Ltd
**[O23] Osim was previously on this list but was removed due to trading halt in light of privatization offer
[N01] Nera Telecommunications Ltd
**[O23] Osim was previously on this list but was removed due to trading halt in light of privatization offer
Thank you for reading. If you have any comments or feed backs, please post them in the comment section below. If you would like to check out my analysis of other companies, feel free to go to this page: http://fundamentally-invest.blogspot.sg/p/blog-page.html
Disclaimer
This publication is for general reading only. The information and materials contained on this web site are subject to change without notice, are provided for general information only and should not be used as a basis for making investment decisions. It does not form part of any offer or recommendation, or have any regard to the investment objectives, financial situation or needs of any specific person. Before committing to an investment, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and read the relevant product offer documents. I am not liability and will not be liable for any loss or damage arising directly or indirectly (including special, incidental or consequential loss or damage) from your use of this web site, howsoever arising, including any loss, damage or expense arising from, but not limited to, any defect, error, imperfection, fault, omission, mistake or inaccuracy with this web site, its contents or associated services, or due to any unavailability of the web site or any part thereof or any contents or associated services.
This publication is for general reading only. The information and materials contained on this web site are subject to change without notice, are provided for general information only and should not be used as a basis for making investment decisions. It does not form part of any offer or recommendation, or have any regard to the investment objectives, financial situation or needs of any specific person. Before committing to an investment, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and read the relevant product offer documents. I am not liability and will not be liable for any loss or damage arising directly or indirectly (including special, incidental or consequential loss or damage) from your use of this web site, howsoever arising, including any loss, damage or expense arising from, but not limited to, any defect, error, imperfection, fault, omission, mistake or inaccuracy with this web site, its contents or associated services, or due to any unavailability of the web site or any part thereof or any contents or associated services.
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