[1] With over 50 years of track record, the finance company has established network of 28 branches and 10 SME Centres island-wide.
[2] On last 9 months, it achieved net interest income, $158m, 25% up year on year. It's mainly due to rise in loan yield amid rising interest rate environment. 80% of loan book is related to domestic property market. Its branches have been actively writing HDB loans.
[3] MAS has been seeking to ease finance companies regulations, thereby improving business conditions.
HIGHLIGHTS:
[1] Current share price ~ 2.4 translates to 40% discount from book value. It has been consistent in paying annual dividend, 0.1 in the past. Due to improvement in earning this year, it paid 0.14, which translates to dividend yield is ~ 5%.
[2] The company have embarked on digital transformation journey. It wants to be an active participant in SG's smart nation and cashless society push.
CHART:
The price shot up > 20% when MAS announced financial de-regulations on Feb 2017. It hit highest ~ 2.84. Current price is around two years low. Trading activities is low for the moment.
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