Since my posting, Excelpoint and ISEC have reported their results.
Ausgroup has just released it's result. The bottomline has improved by 8%.
As expected, all the 3 companies mentioned have shown improvements
in their results.
1. ISEC ... bottomline has improved by 26% quarter to quarter
2. Excelpoint ... bottomline has improved by 6.9%
3. Ausgroup ... bottomline has improved by 8.0%
All the companies mentioned have shown improvements in top n bottom lines in the last few quarters. If my assessment is not wrong, they are likely to
produce another set of good results in the next quarter.
CSE GLOBAL (47 cents) is increasingly attracting analyst coverage. The latest to start covering is RHB. I like that there is significant upside as well as a decent 6% dividend yield -- and minimal downside risk.
Quoting RHB:
"Limited downside.We believe the worst is over for CSE, and that kitchen-sinking has largely been completed. CSE recorded SGD58.5m worth of exceptional items in FY17, which included an impairment of goodwill of SGD27.95m, and an allowance for doubtful trade receivables of SGD11.7m. We think there is minimal downside surprise as we understand from management that the majority of impairment has been completed."