Lum Chang

Considerations

• 17 Feb: Announcement of Yishun mixed development valued at $487 million
• Brings total contract value to $1 billion in 2015
• director start buying back shares from Feb to Jun (after announcing contract win)
• Latest buyback price is at $0.375
• Increase of net cash from $79 million to $122 million in its 3rd Quarter Financial statements

BreadTalk Group

This company issued a number of buybacks on 16-17 Apr, 22-23 Apr since its release of its full year 2014 financial statement.

It is currently holding $95 million in cash and its debts stood at $154 million. Its debt is 1.62 times its cash, which still looks healthy on their balance sheet.

Management states its intention to explore opportunities to grow their business in India, Myanmar, Cambodia, Japan and Australia and lastly, China.

Its main business derives from consumer demand, and therefore is resilient against economic downturn.

With the buyback mandate issued by the company, is could be an indicator of a good buy in this stock.