Added to TTJ recently, making my average price SGD0.289.
Now total of 35 lots, significant to make it part of my core portfolio,
which now consist of 5 stocks, 2 REITs.
In the biz of structural steel, it is riding on the infrastructure boom in Singapore.
A net cash company with a good & growing earnings track record, looking at (based on 1H results) possible record earnings for this FY.
Dividends wise, at my purchase price only 3.5% yield but I believe there is a dividend growth story.
With the continuing positive outlook for the construction sector in Singapore, given TTJ's excellent track record, I am confident it will get its fair share of opportunities.
PE ratio about 6 for an established company with solid track record, I think it is undervalued.
No comments:
Post a Comment