Singapore Food Industries (PE > 10)

Was looking through Singapore Food Industries recent financial results. SFI is a pretty good company with increasing revenue and earnings. Over the years, they have also expanded their business beyond Singapore.

What I like about this stock:

1. Expanding their business.
2. Stable business, relatively stable earnings
3. Regular dividend payout

What I don't like about this stock:

1. PE is greater than 10. Unless they are still growing their business aggressively, this is a bit too high a valuation in current market conditions
2. Low profit margin

Will not be investing into this stock for the time being. It will be in my watch list if the price does go down any lower.