Nera Tel and Nera Elec

I find these two counters are very suitable to my investment appetite.

(1) I like those companies who have had net profit for many years. This means in the following years they much probably continue to make money. Nera Tel had profit for at least five years from 2000 to 2004. Even during 911 and SARS period they still had done well.

(2) Nera Tel doesn't borrow money. Since they don't need to expand, owing money is nothing but lost interest. This feature may be not attractive to those investors who wish gain money from companies merge and takeover.

(3) They had history of paying dividend since listed. As an investor, all I want is return. Nera Elec raised dividend to 1cent last FY. Nera Tel paid special dividend in 2002 when they got Nera Elect listed on SGX. These mean the board is not stingy to minor shareholders.

(4) Last, the share prices are quite stable. The movement range is between 50%, yet you still have chance to have much capital appreciation.