Hong Kong

Deep-dives

Oriental Watch (398 HK)

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

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Michael Fritzell Oct 12, 2025

Hong Kong

A new era for Jardine Matheson

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

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Michael Fritzell Aug 25, 2025

Deep-dives

Link REIT (823 HK)

Internally managed blue-chip REIT offering an 8% yield with a catalyst

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Michael Fritzell Mar 2, 2025

Deep-dives

The Hongkong & Shanghai Hotels (45 HK)

Owner of trophy assets at 0.28x book

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Michael Fritzell Dec 7, 2024

Deep-dives

Prada (1913 HK)

High fashion at 14x EV/pretax profit with an alt-data catalyst

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Michael Fritzell Nov 24, 2024

Deep-dives

Is Fairwood a melting ice cube? (52 HK)

Potential 4.6x P/E with net cash representing 72% of the market cap. Estimated reading time: 21 minutes

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Michael Fritzell Nov 7, 2024

Deep-dives

Mandarin Oriental (MAND SP)

World-class luxury hotel group at 76% discount to NAV

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Michael Fritzell Oct 13, 2024

Hong Kong

Hong Kong property amid rate cuts

A historic moment for Hong Kong's property market. Estimated reading time: 27 minutes

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Michael Fritzell Sep 18, 2024

Deep-dives

Lion Rock Group (1127 HK)

Top global book printer run by a master capital allocator at 7x P/E with net cash

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Michael Fritzell Aug 11, 2024

Deep-dives

Samsonite (1910 HK) － 2024 update

Broken merger arb situation turned value stock. Estimated reading time: 18 minutes

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Michael Fritzell Jul 28, 2024

Deep-dives

Pacific Textiles (1382 HK)

Uniqlo’s favorite knitted fabric supplier at 4.4x forward P/E and 18% dividend yield

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Michael Fritzell Jul 21, 2024

Deep-dives

MTR Corporation (66 HK)

Hong Kong public transport monopoly and property developer at 13x forward P/E

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Michael Fritzell Jun 9, 2024