Many companies went south in November e.g Hong Leong Asia, Nam Lee, Centurion ,XMH and UMS.
The attention stock this month should be Nam Lee as there has been 2 new updates (results release after trading hours on 28 November and an egm to remove the chairman)
In accordance with what i wrote last month (to hold SingShipping for just 1 month), a rebalancing will be done.
I will put it into XMH for the time bring. I would have wanted to put in Nam Lee but it would be cheating since i have seen the results already and this post is posted after results came out.
For Nam Lee, i think its results are considered decent. At least with this set of results, it gives shareholders some 'assurance' that the CEO is doing things correctly and more inclined to align with them in the EGM as the result is better than 1st half of the same financial year and also better than 2nd half last year.
I am left slightly disappointed that the margins for Aluminum did not outperform 2H last year.
The overall commentary on outlook is positive though. Different from last year.
Last Year - The construction business is expected to grow driven by the strong housing demand. Reefer container business is expected to remain stable in coming year.
This Year - The building product segment benefits from this growth in 2025. Our product lines, including mild steel, stainless steel, and UPVC, are similarly anticipated to grow in line with these market trends in 2026, barring unforeseen circumstances. The Group’s aluminium business segment has performed better than the year before. This is due to the low orders in the previous years. This growth is expected to continue for the coming year
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