Singapore O&G

17 Feb 2019 18:50 #24669 by yongpa
Replied by yongpa on topic Singapore O&G
The full-year result is out.
What's your take? Is the huge impairment a surprise to you?

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17 Feb 2019 23:57 #24670 by josephyeo
Replied by josephyeo on topic Singapore O&G
Yes, the huge impairment was a surprise to me.

On the other hand i am still positive about the company. See below:

1. profit still higher than last year. Profit for 2017 was S$8.5 and 2018 was S$9.1, so its up by 7%
2. cash level has gone up by S$5.1 mil from S$16.4 to S$21.5 mil
3. revenue has gone up by S$4.8, from S$29.9 to S$34.4
4. dividend for full year has also gone up from 1.5 cts per share to 1.7 cts per share.

It seems to me that the top n bottom line are still growing.

Finally, 2019 is likely to be a another good year if we assuming that there is no further impairments.

Conclusion ... i am holding n looking forward to another good year. In the meantime i will just enjoy the 5% dividend yield.

Above are just my views n i could be wrong. Pls dyodd.

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