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It has a diversified businesses and the mgmt is very strong and creating value for shareholders
the marine business remains the group?s core activity accounting for
over 90 percent of consolidated revenue. CHH also owns other non-marine
investments including property and electronics contract manufacturing.
CHH serves a diverse group of resource industry customers, including large
multi-national oil and gas corporations, exploration contractors, seismic
surveyors and global mining companies. The Chuan Hup Holdings Limited Group
(the " group" ) including associated companies, owns, operates and manages a
diverse and modern fleet of over 150 vessels.
Cash hoard in company is forver increasing . And dividend payout is solid and without fail every year .
Many good companies are trading below their BVS, what edge does chuan hup has?
This is a asset strong and cash rich strong giant company at a penny price .
Profit might had slipped from Q1 last year
But Total comprehensive income to shareholders jumped 44% compared to last year .
Total asset / total liabilites : 3 times
Share price only 60% of book value .
Cash balance jumped from USD 86.1 million to USD 136.8 million from a year ago . ( even after paid solid dividend to shareholders of > 7% yield )