Phillip included only companies with market capitalisation above $100 million. The research house also excluded financial companies such as banks and insurance firms, as “a large part of their cash holdings are customer deposits”.
SINGAPORE (Mar 16): Amid the stock market bloodbath over the past week, companies with strong balance sheets are expected to ride out the market tailspin better than others.
In this light, Phillip Securities Research has put together a list of 20 companies that enjoy some of the strongest net cash positions in comparison to their market capitalisation.
