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NIKL trading 12.49% below 52-week high despite net income up 43.5%

Nickel Asia Corporation (NIKL) registered a net income of 5.5 billion Pesos for the year 2020. That net income is 43.5% higher than the 2019 net income of 3.8 billion Pesos. Cash balance of NIKL stood at 11.8 billion Pesos as of end of 2020. That excludes financial assets of 6.5 billion Pesos. Cash andContinue reading “NIKL trading 12.49% below 52-week high despite net income up 43.5%”

NIKL’s (Nickel Asia Corporation) cash to keep on piling as demand for nickel outpaces supply

Nickel Asia Corporation (NIKL) as of June 30, 2020 is sitting on a 10.8 Billion of cash. On top of that are financial assets valued at 4.7 Billion Pesos. NIKL has been resilient amidst the pandemic.  In the first half of 2020 it earned 777 Million Pesos. Of that earnings it generated cash from itsContinue reading “NIKL’s (Nickel Asia Corporation) cash to keep on piling as demand for nickel outpaces supply”