As of today, 7-August-2017, a couple of "good news" companies stood out. They are AEM Holdings (SGX:AWX) and Best World (SGX:CGN). Their earning power narrative continues despite worrying signs in their balance sheet, namely the receivables.
AEM registers a negative cash flow while Best World's cashflow is positive. Would be interesting to note this down and watch how they both end up, 1 year down the road.
I remain convinced that the stock market consistently overprice companies with brilliant prospects, and sometimes undervalued companies with dim ones. The latter, given an appropriate price, will often surprise you positively because of a number of outcomes in the future.
It is nice to buy profitable companies. The problem is that everyone knows who they are-- and it is tough to affirm if its profits are legit.
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