Defensive Stock with Potential High Returns : Union Gas

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25 Aug 2020 09:41 #25463 by walterlim
One stock that caught my attention lately: Union Gas

1.Consistently high double digit ROE from 2016 to 2019 at more than 20%
2.Remarkable double sigit ROA from 2016 to 2019 at more than 15% on average
3. Consistently higher quarter on quarter growth from 2018 to 2020.
4. Increasing dividends since IPO listing. At the moment its more than 5%
5. In talks acquistions to acquire complementary businesses
6. Low PE of 7

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25 Aug 2020 09:43 #25464 by walterlim
Union Gas results Q2FY2020 has outperformed the covid market. In the financial reports it indicated that retail LPG increased substantially due to circuit breaker and more people cooking at home, making up for loss of revenue in other areas of business ( which will be improving with the lockdown easing).

This is a highly defensive stock in times of covid and also in times of normal period.

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09 Oct 2020 09:24 #25503 by walterlim
Share price hit new high today at 45c with increased volume the past week.
The following user(s) said Thank You: michaeltan_my

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15 Feb 2021 10:46 #25617 by walterlim
Share Price has crossed new high again at 565

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17 Feb 2021 14:37 #25621 by walterlim
Share is rising with expectation of record profit next week

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25 Feb 2021 11:13 #25634 by walterlim
The share has reached a record high at $0.695. I have sold most of my position when I entered at $0.31. Would re-enter when there is a price correction.

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