Katrina Group Net Liabilities At S$18.4M (SGX Daily Pulse 13 Apr) |🦖EP1543
Katrina Group Net Liabilities At S$18.4M (SGX Daily Pulse 13 Apr) |🦖EP1543
The STI at 4,968.80 looks like a victory lap, but Katrina Group's auditor just flagged S$18.4M in excess current liabilities and handed investors a going-concern warning — that is not a discount, that is a capital funeral. When negative equity of S$6.7M sits behind a S$0.027 share price, the cheap price is the trap, not the opportunity.
In a 5,000-point STI era, the 1.47% T-bill is the honest benchmark your portfolio must beat — and my 3.2% Forensic Floor means you need at least 4.7% yield from a clean balance sheet just to justify leaving cash. Taking equity risk on net-liability names to chase yield is not investing; it is paying a premium to be someone else's exit liquidity.
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