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
Singapore
Genting Singapore (GENS SP)
Singapore's resort casino operator facing a border reopening and a 2nd phase expansion
Jardine Cycle & Carriage (JCNC SP)
A clean bet on the recovery of the Indonesian auto market
QAF (QAF SP)
QAF Limited (QAF SP) is the largest bakery company in Singapore, Malaysia and the Philippines. The company owns two major brand names called Gardenia and Bonjour and operates in the short shelf-life bread segment, supplying supermarkets, convenience stores, restaurants, etc. On 8 June 2021, QAF announced that it would divest
Delfi (DELFI SP)
Delfi Ltd (DELFI SP) is a Singapore-listed chocolate producer with a major presence in Indonesia as well as other Southeast Asian countries such as the Philippines and Malaysia. Delfi’s market share in Indonesia is 45%, far ahead of competitor Mayorah Indah’s 25%. Its brand names SilverQueen, Ceres, Delfi,
SBS Transit Ltd (SBUS SP)
SBS Transit (SBUS SP) is a public transport operator in Singapore, focusing on buses and subways. It was established in 1973 as a merger between three Singaporean bus companies. Since then it has branched out into the operation of mass-rapid transit (MRT) lines as well. Today it operates 3,417
Dairy Farm (DFI SP)
Dairy Farm International Holdings Ltd (DFI SP) is a pan-Asian retailer run by Jardine Matheson, the family holding company of Sir Henry Keswick. The company was founded as a dairy farm in Hong Kong in 1886 by Scotsman Sir Patrick Mason and a group of five Hong Kong businessmen. It
SATS (SATS SP)
SATS (SATS SP) is the main gateway services and airline catering provider at Singapore's Changi Airport. The company was formed as the ground handling services operator at Paya Lebar Airport for Malayan Airways, and later for Singapore Airlines after the Singapore split from Malaysia. SATS was eventually de-merged
Haw Par Corporation (HPAR SP)
Tiger Balm is a unique consumer franchise with a legendary history. The product is used to relieve pain: headaches as well as muscle sprains and aches. And Haw Par's distinctive packaging and tiger logo has almost become associated with the product itself. Even though the product was invented