[SG] 3 Neglected Stocks hitting 52 weeks high

November 2021

Stocks who manage to achieve its 52 weeks high prices show the sentiment the market has of them.

It is an indicator that investors use to track which stocks have been on the rise, and generally refer to as a bullish sentiment.

We have identified 3 Singapore listed stocks that have reached its 52 weeks high that you should take note of.

52 Weeks High Stock#1 – First Resources

Established in 1992 and listed on the Singapore exchange since 2007, first resources is one of the leading palm oil producers in the region, managing over 200,000 hectares of oil palm plantations across the Riau, East Kalimantan and West Kalimantan provinces of Indonesia.

As of its latest quarterly report, First’s revenue increased by 48.4% to USD 412.9 million. Its net profit increased by 7.2% to USD 62 million.

Free Cash Flow came in at USD 59.3 million whilst cash and cash equivalents are at a good level of USD 192 million.

First Resources reached a 52 weeks high of $1.86 per share. This translates to a impressive one year return of 48.8%! The share prices are likely to be bolstered by the underlying palm oil prices reaching all time high.

First Resources last closed at $1.66, which valued the company at a P/E ratio of 24.34x and a 1.75% dividend yield.

52 Weeks High Stock#2 – China Everbright Water Limited

Everbright Water has developed a full-fledged business coverage, which includes raw water protection, water supply, municipal waste water treatment, industrial waste water treatment, reusable water, river-basin ecological restoration, and sludge treatment and disposal.

Meanwhile, the Company has also formed a full industry chain on the water business, including project investment, planning and design, technological research and development, engineering and construction, operations management, among others.

The Company’s geographical footprint spans across East, Central, South, North, Northeast and Northwest China, including Beijing, Tianjin, Jiangsu, Zhejiang, Shandong, Shaanxi, Henan, Hubei, Guangxi Zhuang Autonomous Region, Liaoning and Inner Mongolia Autonomous Region.

As of its latest half-yearly report, Everbright’s revenue increased by 46.8% to HKD 3.11 billion. Its net profit increased by 35.4% to HKD 577.1 million.

The group’s free cash flow came in at negative but cash and cash equivalents still remains at a healthy level of HKD 2.06 billion.

Everbright reached a 52 weeks high of $0.325 per share. This translates to a impressive one year return of 41.3%!

As environmental sustainability has been the talk of town throughout the world, and more so in China, Everbright’s business is right up the alley to have favourable sentiments.

China Everbright last closed at $0.31. This values the company at a P/E of 4.5x and a dividend yield of 6.6%.

52 Weeks High Stock#3 – Second Chance Properties Ltd

Second Chance Properties Ltd (SCPL) was listed on SESDAQ on 24th January 1997. On 2nd March 2004, it was
transferred to the Mainboard of Singapore Stock Exchange. Second Chance Properties Ltd is involved
in 4 core businesses: 1) Property Investment, 2) Retailing of Apparel, 3) Retailing of Gold Jewellery, 4) Investing and Trading in Financial Instruments

As of its latest half report, SCPL’s revenue increased by 21.4% to $16.4 million. Its net profit increased by a remarkable 22.5% to $5.88 million.

Free cash flow came in at $3.85 million. Cash balance of the company as a remains on a sustainable level of $5.03 million.

SCPL reached a 52 weeks high of $0.30 per share. This translates to a impressive one year return of 76.5%!

SCPL’s profit has increased likely due to the recovery of the property market which SCPL derives most of its revenue from. Astute investors have caught on to this fact and purchased the company’s stock in view of the booming property market.

SCPL last traded at $0.32, which valued the company at a P/E ratio of 24.6x and no dividends were announced.

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