Portfolio update September 2025
A weak month for the portfolio, but with three deep dives published, plenty to think about.
Deep-dives
170 articles
(Page 9)
Deep-dive 2022-30: Café de Coral (341 HK)
Hong Kong’s leading local fast-food chain seeing light at the end of the COVID tunnel
Deep-dive 2022-29: Codan (CDA AU)
Australian metal detector producer selling ”picks and shovels in a gold rush”
Dairy Farm late-2022 update (DFI SP)
Health & beauty benefitting from a HK-China border reopening but weaker post-COVID grocery profits. Estimated reading time: 14 minutes
Deep-dive 2022-28: Tabcorp
Australian wagering monopoly recovering from COVID-19, helped by new regulation
Deep-dive 2022-27: Casio Computer (6952 JP)
G-Shocks have become cool, and increasingly price-competitive with the weaker yen
Deep-dive 2022-26: VTech (303 HK)
Scrappy, minority-friendly Hong Kong electronics manufacturer at 7.4x P/E and 13.2% dividend yield
Deep-dive 2022-25: Koito Manufacturing (7276 JP)
An automotive volume proxy that will benefit from any easing of the chip shortage
Deep-dive 2022-23: Delta Djakarta
Indonesia’s second-largest beer producer set to benefit from re-opening
Deep-dive 2022-22: Kansai Electric Power (9503 JP)
Nuclear reactor restarts to be completed by the summer of 2023
Uni-Charm Indonesia mid-2022 update
Margin pressure from higher oil price, otherwise on track. Estimated reading time: 11 minutes
Deep-dive 2022-21: Niu Technologies
Fast-growing Chinese EV scooter company expanding in China and overseas