Deep-dives

Deep-dives

Oriental Watch (398 HK)

Blue chip Chinese Rolex dealer at 8x P/E and 50% net cash/market cap

Deep-dives

Bermaz Auto (BAUTO MK)

Ongoing Mazda product refresh and EV tax exemption expiry while 5x P/E

Deep-dives

Concepcion Industrial (CIC PM)

Philippine air-conditioning giant at 7x P/E and 7% dividend yield

Japan

Logizard (4391 JP)

Leading Japan warehouse management SaaS at 1.0x EV/Sales

Mainland China

Golden Throat (6896 HK)

China’s leading lozenge maker at 10x P/E and a 10% dividend yield

Deep-dives

A new era for Jardine Matheson

An under-the-radar transformation. Estimated reading time: 27 minutes.

Japan

Mercari (4385 JP)

Japan’s leading C2C trading app at 14x P/E with margin uplift potential

Mainland China

Haier D-share (690D GR) — 2025 update

World-leading home appliances business at 7x P/E. Estimated reading time: 15 minutes

Japan

AeroEdge (7409 JP)

A Japanese version of Precision Castparts at 12x 2027e P/E

Philippines

Asian Terminals (ATI PM)

Duopoly port operator at 10x P/E and 6% dividend yield

Japan

Hikari Tsushin's portfolio

Estimated reading time: 16 minutes

Deep-dives

Riverstone (RSTON SP)

An unexpected AI beneficiary at 10x next-year P/E and 8% dividend yield