Deep-dives
SUTL Enterprise (SUTL SP)
Asia’s best marina in a growing city at a P/E of 7x
Singapore
Deep-dives
Kimly (KMLY SP)
High-ROE coffeeshop operator with a clean balance sheet at 11x P/E
Singapore
Hidden champions of Singapore
An attempt to find the best businesses in Singapore. Estimated reading time: 24 minutes
Deep-dives
Boustead Singapore (BOCS SP)
Singapore small-cap conglomerate run by a legendary entrepreneur
Deep-dives
Haw Par Corporation update (HPAR SP)
COVID-19 restrictions have largely gone away and the borders have re-opened. Estimated reading time: 16 minutes
Deep-dives
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-dives
Genting Singapore (GENS SP)
Singapore's resort casino operator facing a border reopening and a 2nd phase expansion
Thematic reports
Singapore residential property
Estimated reading time: 19 minutes
Deep-dives
Pico Far East (752 HK)
Pico Far East (752 HK) is one of the largest service providers for the global exhibitions and events industry. Organisers hire Pico to decorate and set up exhibition booths for major events taking place in Asia and beyond. The majority of revenues, at around 77%, comes from the exhibition and
Deep-dives
Jardine Cycle & Carriage (JCNC SP)
Jardine Cycle & Carriage (JCNC SP; “Jardine C&C”) is a holding company of the Jardine Matheson Group that focuses on consumer-related investments in Southeast Asia. Most of Jardine C&C’s NAV comes from separately listed auto manufacturer and distributor Astra International (ASII IJ). Astra is
Deep-dives
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
Deep-dives