Philippines
Ginebra San Miguel (GSMI PM)
The world’s largest gin producer at 7x P/E
Deep-dives
Deep-dives
Straco Corporation (STCO SP)
Singapore-based developer of tourism assets at 5x full-recovery EV/EBIT
Mainland China
IMAX China (1970 HK)
Exclusive provider of IMAX cinema equipment to China at 7.5x P/E
Deep-dives
Tai Cheung (88 HK)
Solid Hong Kong property developer at 79% discount to NAV with no debt
Japan
Curves Holdings (7085 JP)
Spin-off & COVID-19 recovery combo at 10x normalized EV/EBIT
Deep-dives
Fairfax India (FIH/U CN)
Smart investor in a promising country at a 40% discount
Deep-dives
SUTL Enterprise (SUTL SP)
Asia’s best marina in a growing city at a P/E of 7x
Mainland China
China Tower (788 HK)
State monopoly at a forward P/E of 11x and rapidly falling depreciation charges
Deep-dives
Hartalega update (HART MK)
Getting close to an ASP bottom. Estimated reading time: 15 minutes.
Mainland China
China Overseas Land & Investment (688 HK)
State-backed COLI strikes back, now with a P/E of 5.2x
Deep-dives
Plover Bay Technologies (1523 HK)
A 5G and Starlink bet at 9x P/E and a 9% dividend yield
Deep-dives
Kimly (KMLY SP)
High-ROE coffeeshop operator with a clean balance sheet at 11x P/E