|Bid||1.2900 x 0|
|Ask||1.4000 x 0|
|Day's range||1.3000 - 1.3100|
|52-week range||0.9050 - 1.6900|
|Beta (3Y monthly)||0.74|
|PE ratio (TTM)||6.60|
|Forward dividend & yield||0.02 (1.53%)|
|1y target est||N/A|
Investors constantly search for cheap and great companies to buy. Here are two companies trading at cheap valuations that investors can consider buying for long-term growth.
Despite a tougher retail climate and an impending economic slowdown, Cortina Holdings Limited (SGX: C41) has still managed to perform well.
SINGAPORE (Aug 14): Cortina Holdings has reported earnings of $8.9 million for 1Q ended June, up 69% from $5.3 million for the same quarter last year. The higher operating expenses resulted from higher staff costs and credit card commission as result of higher sales revenue and higher stock and accessories write-off. The adoption of SFRS (I) 16 resulted in depreciation expense increasing approximately fivefold to $7.2 million, and finance costs surging 93% to $642,000 due to interest element of lease liabilities.
iFAST Corporation Ltd (SGX: AIY) is one of three companies pencilled in to go ex-dividend this week. Find out what the other two companies are here.
SINGAPORE (May 24): Cortina Holdings has announced $8.1 million in earnings for the 4Q ended March, growing 4% y-o-y from $7.8 million on the back of improved sales margins. The latest set of quarterly results group’s earnings for FY19 to $29.2 million, which is 31% higher than its full year earnings of $22.3 million previously due to improved margins and lower full-year operating expenses. Cortina’s bottomline growth for 4Q comes despite an 8.5% y-o-y revenue decline to $121.6 million, in the absence of revenue contributions from certain retail outlets which recently closed in Singapore, Malaysia and Thailand.