In a recent article, we saw that there were 106 net-net stocks, as of 16 July 2018. To know what a net-net stock is, you can head here. Let’s look at 20 of the net-net 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 in the first list: UOB-Kay Hian Holdings Limited (SGX: U10), Hong Leong Asia Ltd (SGX: H22), Sino Grandness Food Industry Group Ltd (SGX: T4B), Cortina Holdings Limited (SGX: C41), Fu Yu Corporation Ltd (SGX: F13), YHI International Ltd (SGX: BPF), Hanwell Holdings Ltd (SGX: DM0), Sinostar PEC Holdings Limited (SGX: C9Q), Goodland

MARKET OVERVIEW- The market could face further pressure amid escalating US-China trade tensions with latest news that US President Trump has threatened to hit China with new tariffs on USD200b of Chinese imports. - Meanwhile, oil rose as some producers mull a smaller output boost ahead of OPEC meeting later this week..- Technically, the STI is grossly oversold but appears entrenched in a downtrend after breaking below its 200-dm at at 3,340 and could head towards the next support at 3,280.POSITIVE NEWS*Lian Beng- Awarded $95.8m contract by Tripartite Developers to build a condominium at Flora Drive.- The development comprise nine 8-storey residential blocks, clubhouse with one basement car park, swimming pool and tennis court.- Construction is expected to commence in Jul '18, for a period

One way to determine how cheap or expensive stocks are in the local stock market is to look at the number of net-net stocks that are available. A net-net stock is a stock with a market capitalisation that is lower than its net current asset value. The net current asset value can be calculated using the following formula: Net current asset value = Total current assets – Total liabilities In theory, a net-net stock is a steal as investors can get a discount on the company’s current assets, such as cash, after stripping off all liabilities. Moreover, the company’s fixed assets, such as properties, are thrown into the mix for free. Having said that, net-net stocks are usually businesses that are in serious trouble and/or have terrible business fundamentals. This means that investors

One way to determine how cheap or expensive stocks are in the local stock market is to look at the number of net-net stocks that are available. A net-net stock is a stock with a market capitalisation that is lower than its net current asset value. The net current asset value can be calculated using the following formula: Net current asset value = Total current assets – Total liabilities In theory, a net-net stock is a steal as investors can get a discount on the company’s current assets, such as cash, after stripping off all liabilities. Moreover, the company’s fixed assets, such as properties, are thrown into the mix for free. Having said that, net-net stocks are usually businesses that are in serious trouble and have terrible business fundamentals. This means that investors who