As with all things, there are some good days, and then there are bad days. April was a cruel month for them Straits Times Index (SGX: ^STI). Singapore’s headline index closed down nearly 2% for the month on a total return basis, reminding investors that even resilient markets had to pause for breath. And yet, if you look closely beyond blue chipsAnother interesting picture has emerged. Three small- and mid-cap names quietly outperformed the index by more than 13 percentage points.
Micro-Mechanics (Holdings) Limited (SGX:5DD) led the field with a stunning total return of 45.2% Valutronics Holdings Limited (SGX:BN2) at 15.3% and Sivmec Limited (SGX: P9D) At 11.2%. What did investors see in these three businesses that the broader market missed? In each case, the answer points less to the previous quarter’s key figures and more to future cash flows.
Micro-Mechanics (SGX:5DD) – A Cash-Rich Proxy for the Semiconductor Boom
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