Falling Knife of the Week: Aspial Corporation


Aspial Corporation (SGX: A30) fell 3.5% so far this week, to close at $0.41 at the time of writing.

Aspial manages a wide spectrum of businesses, which includes jewellery retail, property development, and financial services.

Under the jewellery retail business, it has brands such as Aspial, Lee Hwa Jewellery, Goldheart and Citigems.

Under its property development arm, its recent projects include Kensington Square and Urban Vista. Both are joint-ventures with Fragrance Group Limited (SGX: F31) and World Class Land Pte Ltd.

Under the financial service business, it owns Maxi-Cash, the largest network of pawnshops and retail outlets in Singapore.

On 12th December 2013, the firm announced that it had incorporated three subsidiaries in Malaysia – World Class Land (Malaysia) Sdn. Bhd., World Class Land (Penang) Sdn. Bhd. and World Class Land (Georgetown) Sdn. Bhd. It went on to say that the latest move is in line with the expansion plans in Malaysia and that the incorporation was funded by internal resources.

Aspial is currently trading at 8.6 times its historical earnings.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.