Written by Leong Chan Teik
In a perfect investment world, Powermatic Data Systems’ stock would be trading at much higher prices. It’s not that complicated to make a case for that.
Its latest half-yearly profit (ended Sept 2017) came up to S$2.5 million, up 8% y-o-y. It’s yet another steady result.
What’s a standout, which has become even more so over the past couple of years, is the fact that its cash, its quoted investments and the value of its freehold property all add up to a figure far exceeding its market cap.