Deep-dives
L'Occitane (973 HK)
Cosmetics giant at half the peer group multiple, despite a fast-growing hidden asset
Deep-dives
International Housewares Retail (1373 HK)
Hong Kong discount retailer at half the global peer group multiple
Deep-dives
Multi Bintang update (MLBI IJ)
The return of tourists to Bali the last piece of the Multi Bintang puzzle. Estimated reading time: 17 minutes
Japan
Fuji Corp Miyagi (7605 JP)
Japan’s version of Discount Tire with 17% ROE at 6x P/E
Deep-dives
Catalyst: Mutant Mayhem
Estimated reading time: 15 minutes
Deep-dives
Major Cineplex update (MAJOR TB)
COVID-19 earnings recovery on track, with the election unlikely to impact the business much. Estimated reading time: 14 minutes
Japan
Ryohin Keikaku (7453 JP)
Japan’s finest retailer now benefitting from China’s reopening
Philippines
MacroAsia (MAC PM)
The leading aviation services business in the Philippines enjoying a COVID recovery
Deep-dives
NagaCorp (3918 HK)
Cambodian monopoly casino operator getting ready for a wave of Chinese tourists
Deep-dives
Hartalega (HARTA MK)
Industry-leading glove maker dealing with an industry downturn
Japan
Seria (2782 JP)
Japanese discount retailer going through short-term turbulence
Deep-dives
Hysan Development (14 HK)
Hong Kong tourism proxy at a 67% discount to NAV