In a recent article here, we saw that there were 108 net-net stocks, as of 15 November 2018. To understand what a net-net stock is, you can head here. In this article, let’s look at 20 of those cheapest 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 on the first list: UOB-Kay Hian Holdings Limited (SGX: U10), Hong Leong Asia Ltd (SGX: H22), Kingboard Copper Foil Holdings Limited (SGX: K14), Sino Grandness Food Industry Group Ltd (SGX: T4B), Cortina Holdings Limited (SGX: C41), YHI International Ltd (SGX: BPF), Hanwell Holdings Ltd (SGX: DM0),

Cortina Holdings is a distributor and retailer of luxury watches like Rolex, Patek Phillipe, and Tag Heuer. Established in 1972, Cortina has now grown to 28 outlets in Singapore, Malaysia, Thailand, Hong Kong, and Taiwan. Since its peak in September 2018, Cortina’s share price has fallen 12% to 95 cents recently: As I was going through Cortina’s latest financial statements, something jumped out at me – the company’s current market capitalisation is worth less than its net current assets. Net-net investing Net-net investing was developed by Benjamin Graham (the mentor of a certain Warren Buffett) who preached that investors who bought stocks at such low prices would come out ahead, even if the company was shut down and liquidated. A net-net stock is traditionally defined as a comp

In a previous article here, we saw that there were 107 net-net stocks, as of 12 October 2018. To know what a net-net stock is, you can click here. In this article, let’s look at 20 of those cheapest 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), SLB Development Ltd (SGX: 1J0), Hanwell Holdings Ltd (SGX: DM0), YHI International Ltd (SGX: BPF), Nam Lee Pressed Metal