PENGUIN INTERNATIONAL LIMITED (SGX:BTM)
PROPNEX LIMITED (SGX:OYY)
HONG LEONG ASIA LTD. (SGX:H22)
Singapore Strategy - Top 20 Net Cash To Market Cap Companies
- With the market in a tailspin, we will periodically screen companies that enjoy some of the strongest balance sheets in comparison to their market cap.
- Our screening criteria for the Top 20 net cash to market capitalisation companies are:
- company has to be above S$100mn in market capitalization
- excludes financial companies (a large part of their cash holdings are customer deposits).
- Some of the stocks generated in our screen are under our coverage – Penguin International (SGX:BTM) and PropNex (SGX:OYY). We have a BUY recommendation on both companies. See report:
- The screen not only shows the healthy balance-sheet of the company, but it can also reflect how cheap the valuations of the company especially when we strip out the cash.
SGX listed companies by Highest net cash to market capitalisation ratio
| Company | Market Cap S$mn |
Cash S$mn |
Total Debt S$mn |
Net Cash S$mn |
Net cash to Mkt cap. |
Average Daily Vol. (30D) |
Last Price |
|---|---|---|---|---|---|---|---|
| Hong Leong Asia (SGX:H22) | 325.3 | 1,208.5 | 723.6 | 484.9 | 1.49 | 193 | 0.41 |
| Creative Technology (SGX:C76) | 145.3 | 135.5 | 8.4 | 127.1 | 0.87 | 61 | 0.20 |
| NSL LTD. (SGX:N02) | 272.7 | 281.6 | 54.6 | 227.0 | 0.83 | 17 | 0.30 |
| Chuan Hup (SGX:C33) | 184.7 | 145.4 | 0.0 | 145.4 | 0.79 | 107 | 0.55 |
| China Sunsine (SGX:QES) | 312.1 | 247.1 | 2.0 | 245.2 | 0.79 | 713 | 0.89 |
| Valuetronics (SGX:BN2) | 230.6 | 181.4 | 0.5 | 180.9 | 0.78 | 2,315 | 0.46 |
| China Aviation Oil (SGX:G92) | 782.8 | 509.3 | 20.0 | 489.3 | 0.63 | 614 | 0.47 |
| Yeo Hiap Seng (SGX:Y03) | 481.3 | 301.2 | 21.8 | 279.4 | 0.58 | 21 | 0.20 |
| Hanwell (SGX:DM0) | 100.7 | 131.2 | 77.5 | 53.7 | 0.53 | 248 | 0.68 |
| Penguin International (SGX:BTM) | 109.0 | 59.9 | 2.4 | 57.5 | 0.53 | 585 | 0.50 |
| Duty Free International (SGX:5SO) | 149.8 | 114.8 | 37.7 | 77.1 | 0.51 | 235 | 0.60 |
| PEC (SGX:IX2) | 128.8 | 96.5 | 31.1 | 65.4 | 0.51 | 33 | 0.80 |
| HRnetGroup (SGX:CHZ) | 498.5 | 266.2 | 14.3 | 251.9 | 0.51 | 416 | 0.84 |
| Hock Lian Seng (SGX:J2T) | 153.6 | 77.6 | 0.0 | 77.6 | 0.50 | 117 | 1.71 |
| Fu Yu (SGX:F13) | 158.1 | 85.1 | 9.4 | 75.7 | 0.48 | 2,271 | 0.68 |
| Genting Singapore (SGX:G13) | 8,385.0 | 3,947.2 | 260.6 | 3,686.6 | 0.44 | 36,237 | 0.03 |
| Challenger Technologies (SGX:573) | 157.1 | 77.9 | 12.3 | 65.6 | 0.42 | 36 | 0.63 |
| PropNex (SGX:OYY) | 183.2 | 81.6 | 5.3 | 76.3 | 0.42 | 332 | 15.31 |
| Bund Center Investment (SGX:BTE) | 390.8 | 159.5 | 0.1 | 159.4 | 0.41 | 18 | 0.27 |
| United Global (SGX:43P) | 139.1 | 53.5 | 0.2 | 53.3 | 0.38 | 121 | 7.65 |
- Source: Bloomberg, PSR
- # Explanation – A ratio of 0.87, means 87% of the market cap is cash on hand.
Paul Chew
Phillip Securities Research
|
https://www.stocksbnb.com/
2020-03-16
SGX Stock
Analyst Report
0.880
SAME
0.880
0.700
SAME
0.700
99998.000
SAME
99998.000
