Many countries had fought valiantly against the virus over the last few months.
During such troubled times, investors need to select companies that have resilient business models and sturdy financials.If I had S$10,000 that I could deploy into investments right now, I would allocate it in equal portions to these three companies. For the first quarter of the fiscal year 2020, iFAST posted year on year gross revenue growth of 41.5%, while net profit attributable to shareholders jumped 126.8% year on year to S$3.6 million.
Barring a substantial worsening of global financial markets, the group expects to record higher revenue and net profits for 2020.The group offers a comprehensive range of banking services ranging from corporate banking to asset management, catering to both individuals and businesses. The first-quarter interim dividend was maintained at S$0.33, in line with that declared in the previous quarter.
The group has manufacturing facilities located in Singapore, Malaysia, China, the Philippines and the USA.Net profit rose by 4.6% year on year to S$10.7 million.MMH’s factories located in Malaysia and California had to suspend operations briefly in compliance with respective government directives to limit the spread of COVID-19.
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