This is also a 57% increase from the previous quarter’s net profit of RM$331 million in 4Q2020. Apart from gloves, Riverstone also manufactures face masks, finger cots and other essential cleanroom and medical consumables.īased on the latest 1Q2021 report, RS experienced a record net profit of RM$523 million for the quarter.
Read Also: Cost Guide To Buying An Electric Car In Singapore Riverstone Holdings Limited (SGX: AP4)Īs a glove manufacturing company, Riverstone Holdings (SGX: AP4) grew in tandem with the rise in demand for medical-grade gloves to combat the pandemic. Its total market capitalisation is currently at about $747.8 million. Since the start of the year, Hong Leong Asia share price has gone up by about 35%, from $0.74 on 4 January 2021 to $1.00 as of 11 June 2021. On 2 June 2021, the company has entered into a strategic partnership with Sunlong Bus to develop electric vehicles. In face of the changing regulatory climate in China, Hong Leong Asia has positioned itself to diversify and hedge against its manufacturing diesel unit that accounts for over 90% of its revenue as of FY2020.
Profit After Tax and Minority Interest (PATMI) grew 35.7% from $34.4 million to $46.7 million.Īs the world electrical vehicle (EV) appetite continues to grow, China EV sales are slated to reach 40% of total car sales by 2030. Total revenue grew 9.8% from $4.1 billion to $4.5 billion. Founded in 1941 and headquartered in Singapore, Hong Leong Asia presence can be found in China and Malaysia too.ĭespite the tough pandemic environment for the manufacturing and construction industry, Hong Leong Asia still grew year-on-year in FY2020 and maintain its level of profitability. The trade and industry arm of Hong Leong Group, Hong Leong Asia (SGX: H22) focuses on the manufacturing and distribution of construction materials, diesel engines, rigid packing, and air conditioner systems. Its market capitalisation is currently at $2.31 billion. Share price over the past year has also gone up by more than 7 times, from $1.13 on 12 June 2020 to $8.35 as of 11 June 2021. Since the start of the year, iFAST share price has gone up about 157%, from $3.25 at the start of the year to $8.35 as of 11 June 2021. With plans to take a lead in a consortium for the digital banking licence application in Malaysia, iFAST Corp is positioning itself to achieve its Fintech Vision 2028 step by step. Additionally, its 1Q net profit also grew by 142.5% as compared to the same period last year to a new high of $8.82 million in 2021. Headquartered in Singapore, iFAST Corp is a local pioneer in the Fintech space and has since grown regionally with presence in Hong Kong, Malaysia, China and India.Ĭontinuing iFAST’s growth in profits from FY2020, its profit before tax margin grew by 6.5%, from 29.6% in FY2020 to 36.1% for 1Q2021. (SGX: AIY)Īn established regional fintech player, iFAST Corp (SGX: AIY) is the parent company of one of Singapore’s top financial platforms – FSMOne. Read Also: 4 Stocks Affected By Phase 2 (Heightened Alert): Sheng Siong (OV8) UG HealthCare (8K7) SIA (C6L) CapitaLand Integrated Commercial Trust (C38U) iFAST Corporation Ltd. In this week’s edition of 4 Stocks This Week, we look at four of the top-performing companies on the FTSE ST Small Cap Index for 2Q2021 thus far. During the same period, the Straits Times Index (STI) saw a return of 0.7%. Currently, it accounts for about 12% of SGX market capitalisation.ĭespite the challenges of COVID-19 resurgences in the region including Singapore’s Phase 2 (Heightened Alert), the FTSE ST Small Cap Index has generated a 4.8% total return thus far in 2Q2021 (as of 4 June 2021). The index is weighted based on market capitalisation and it tracks the performance of small capitalised SGX listed companies. For the uninitiated, the FTSE ST Small Cap Index is one of the six FTSE ST Index Series.
When it comes to investing in stocks, some investors may prefer to invest in small-cap companies as they believe that it gives them the chance to invest in potentially undervalued companies.
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