Sunday, September 3, 2017

WITH A NEW BUSINESS, WILL THIS SMALL-CAP STOCK BE MULTIBAGGER NEXT?

SERIAL SYSTEM STOCK
In July 2017, Serial System appointed former Minister-of-State, Mr Teo Ser Luck as its non-executive, independent Deputy Chairman. In middle last month, Serial System announced that it is diversifying into the business of durians on tops of its electronics distribution business where it is the top electronics distributor in Singapore. You can read details of the durian venture here . From what I understand, Serial System is looking into China for as its market of focus for its new business.
As I have shared in my previous post and you can watch the video in the aforementioned post , I noted that durians seem to be a new and emerging business, with more and more businesses jumping into creative business models for durians.

Serial System is currently trading at $0.174 per share. The stock is trading at 0.872 Price-to-Book ratio and 2.59% dividends yields. The CEO, Goh Bak Heng held a 39.63% stake with Mr Sam Goi, popularly known as “Popiah King” holding the next largest stake at 12.34% (you can refer to these details here ) Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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