The Motley Fool

Cheap Shares from Singapore’s Stock Market

In a recent article here, we saw that there were 107 net-net stocks, as of 15 April 2019. To understand what a net-net stock is, you can check out the link here.

In this article, let’s look at 20 of those cheapest stocks sorted out according to the following two lists:

1) The 10 net-net stocks with the largest market capitalisations; and

2) The 10 largest net-net stocks that have positive net income over the last 12 months, as well as more cash than debt on their balance sheets.

Here are the 10 stocks on the first list: UOB-Kay Hian Holdings Limited (SGX: U10), Hong Leong Asia Ltd (SGX: H22), Hanwell Holdings Ltd (SGX: DM0), SLB Development Ltd (SGX: 1J0), YHI International Ltd (SGX: BPF), Nam Lee Pressed Metal Industries Limited (SGX: G0I), Serial System Ltd (SGX: S69), TEE Land Ltd (SGX: S9B), IFS Capital Ltd (SGX: I49) and Goodland Group Ltd (SGX: 5PC).Source: S&P Global Market Intelligence

The following are the stocks on the second list: Hanwell Holdings Ltd, Nam Lee Pressed Metal Industries Limited, Multi-Chem Ltd (SGX: AWZ), PNE Industries Ltd (SGX: BDA), Asia Enterprises Holding Limited (SGX: A55), Sin Ghee Huat Corporation Ltd (SGX:B7K), Sunright Limited (SGX: S71), CDW Holding Limited (SGX:BXE), HL Global Enterprises Limited (SGX: AVX) and Sysma Holdings Ltd (SGX: 5UO).Source: S&P Global Market Intelligence

The Foolish bottom line

Net-net stocks are usually companies that are in serious trouble and/or have poor business fundamentals. That is why diversification is important when investing in such stocks.

The two lists of cheap stocks seen earlier are not a recommendation to buy or sell any of those stocks. The aim here is to simply share some of the undervalued stocks in Singapore’s stock market right now for your further research.

There are 28 surprising and important things we think every Singaporean investor should know—and we’ve laid them all out in The Motley Fool Singapore’s new e-book. Packed with information and insights, we believe this book will help you be a better, smarter investor. You can download the full e-book FREE of charge—simply click here now to claim your copy.

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.