3 Resilient Companies I Would Buy With S$10,000

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During such troubled times, investors need to select companies that have resilient business models and sturdy financials. YahooFinance

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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