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I received a message from a 25 year old reader, asking for my opinion on SingHaiyi. I thought it would be interesting to share his message here (with his permission) to see if we could gather the opinions of readers on the matter. Here is his message:
I have read your website on fundamental analysis some time ago. I must say I am still quite a newbie in stock markets and have less than a year of experience
I did learn a few things from your website which I am thankful for, like how to determine the health of a company judging from the balance sheet. I managed to pull off a few positive short-term investments (Interra Res) all thanks to your clear and precise explanation of the ratios.
I did make a few bad investments too, such as in Noble Group. But by the time I realised, the only choice was to 'average down' or eventually cut losses.
The purpose of sending you this message is to seek your opinion on SingHaiyi. I have thoroughly looked through this company's financials. The unaudited statistics seem promising, except for the Debt/Equity ratio, which is > 1. I understand that this company is another penny stock, and undergone major restructuring in recent times. Then again, I have used much effort in researching the history of the key directors in this company (Gordon Tang, Chan, Neil Bush) and they do have impressive records of running their businesses. The only thing I am concerned about, is whether they will be able to pull SingHaiyi off as the 'next big thing'.
All comments are appreciated.
Related post:
The Balance Sheet.
Read:
SingHaiyi Group in final negotiations on US real estate projects.
This will be for the purchase of an existing office building and a residential development site.
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