Deep-dives
freee (4478 JP)
Japanese SME business platform at 3.7x EV/Sales
Deep-dives
Delfi (DELFI SP) — 2025 update
Indonesia's largest chocolate producer, trading at sub-10x P/E if and when cocoa prices ever fall
Deep-dives
FnGuide (064850 KS)
The FactSet/MSCI of South Korea at 12.9x P/E
Deep-dives
Tai Cheung (88 HK) — 2025 update
Hong Kong residential property developer at 0.33x book and 7% dividend yield
Deep-dives
Treasury Wine Estates (TWE AU)
Penfolds owner at 11x P/E and 7% dividend yield
Deep-dives
Lion Rock (1127 HK) — 2025 update
Printing industry serial acquirer at 5x P/E
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.