Since I've blogged about some biggest stocks in Singapore (click here to see my earlier post), today, I've decided to do the reverse i.e. identifying the smallest stock in Singapore and do a brief CNAV (Conservative Net Asset Value) Analysis on it.
With the help of SGX's StockFacts filtering feature, I managed to obtain the information within a few clicks and it is non other than CFM Holdings Limited (5EB) - a company providing metal stamping services with businesses in Singapore, Malaysia, Indonesia, China, Thailand and even USA (with about 1,253 staffs). The interesting fact is its meager market capital of only $8.1 millions.
Without further ado, check out my CNAV Analysis below :
Stock In Evaluation : CFM Holdings Limited (5EB)
The Key Quantitative Indicators of CNAV Strategy:
Net Asset Value (NAV) = $0.17
Conservative Net Asset Value (CNAV2) = $0.05
Current Price = $0.075
Discount For CNAV2 = -50%
Conclusion : Since it is a negative "Discount for CNAV2", it means that the stock is traded at premium (from CNAV perspective). However, it is traded at a 56% discount when compared with the less conservative indicator, NAV.
The P.O.F Scores of CNAV Strategy:
Operational Efficiency = 1 (with two [out of three] years of positive operating cash flow)
Financial Efficiency = 1 (Debt To Equity Ratio of 73%)
Conclusion : A Moderate P.O.F Scoring
Final Conclusion : Not Applicable as this analysis is just for information i.e. I have no intention to be vested in it.
Has anyone heard of this stock or best still, vested in it?
Cheers!
Can do CNAV on our three local banks and see how it turn out?
ReplyDeleteSince uncle cw8888 ask, how can I say no right? Give me sometime and I will share my analysis soon ;-)
DeleteHi Richard
DeleteCharge a service fee to Uncle CW ;) :D He has plenty of warchest
B : hahaha.. Good idea but no lar, CW8888 been kind to me so far... I cannot do that to him ;-p
Delete