Sing Holdings’ (SGX:5IC) Solid Earnings May Rest On Weak Foundations
The stock price didn’t jump after Sing Holdings Limited (SGX:5IC) posted decent earnings last week. Our analysis showed that there are some concerning factors in the earnings that investors may be cautious of.
To properly understand Sing Holdings’ profit results, we need to consider the S$2.4m gain attributed to unusual items. While we like to see profit increases, we tend to be a little more cautious when unusual items have made a big contribution. When we analysed the vast majority of listed companies worldwide, we found that significant unusual items are…
