They supply flooring tiles to the Singapore market by importing from manufacturers located around the world.
Such companies do not produce good cash flows, but this time they are paying out a dividend yield of 29%. Such a huge payout may not be sustainable for the company to grow healthily, but if they are able to consistently grow, then i think it is an attractive bet.
But for now, markets are cautious about the bond tapering which is expected to happen this month. I will be cautious about it too because when markets fall, fundamentals will not work on those who deal in large volumes.
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