When I first invested in Powermatic Data, what I saw was a company with huge margin of safety with its cash hoard and properties. If you ask me then, what does it do, I would probably say "they have something to do with modems". That was almost 3 years ago. Today, Powermatic Data is a … Continue reading Powermatic Data (SGX:BCY) – The Right Place at the Right Time
Category: Case Studies
Pacific Century Regional Developments (SGX:P15) – The Peculiar Case of PCRD
PCRD (SGX:P15) is an investment holding company with interests in telecommunication, media, IT solutions, logistics and property development and investments. You know it is just a holding company when they only have the corporate information and investors' relations in their website, nothing more. Business Overview Its crown jewel is its 22.72% stake in PCCW (SEHK:0008). … Continue reading Pacific Century Regional Developments (SGX:P15) – The Peculiar Case of PCRD
Straits Trading (SGX:S20) – Value Unlocking Continues but…
Real estate company Straits Trading (SGX:S20) is valued by the company at a 44% discount to its net asset value of $3.66 based on its current share price of $2.07. If based on my RNAV calculation done in my previous post (see here), it would be trading at 43% of RNAV of $4.79. I decided … Continue reading Straits Trading (SGX:S20) – Value Unlocking Continues but…
Scorpio Tankers (NYSE:STNG) – IMO2020 an Upcoming Catalyst
IMO2020 is a upcoming catalyst that would boost tanker charter rates due to the rush to stock up on low sulfur blend fuels in ports worldwide. Combined with supply straining and demand picking up in a seasonally strong quarter, Scorpio Tankers (NYSE:STNG) could benefit from the industry's bullish fundamentals and share price could go higher … Continue reading Scorpio Tankers (NYSE:STNG) – IMO2020 an Upcoming Catalyst
United Global (SGX:43P) – Taking off with Repsol (BME:REP)
On 30 September 2019, United Global (SGX:43P) announced that Spain's oil major Repsol (BME:REP) will purchase a 40% stake in one of their subsidiary, United Oil Company, for up to US$46.5mil. While selling a huge stake in their core business does not sound like good news, I felt otherwise. After understanding Repsol's ambitions in the … Continue reading United Global (SGX:43P) – Taking off with Repsol (BME:REP)
Okamoto Industries (TYO:5122) – The Quiet Innovator
Say, what's the most expensive condom selling in Lazada.com? A quick search revealed the one product that beats the rest hands down. Snapshot from Lazada.com There we have it. Okamoto's Zero One, arguably the world's thinnest condom yet, is the most expensive selling at about $5 per condom (box of 3) while the rest ranges … Continue reading Okamoto Industries (TYO:5122) – The Quiet Innovator
Jumbo Group (SGX:42R) – Workable, Scalable
The first time I had the famous Chili Crab by Jumbo Seafood was at their Dempsey Hill outlet. Imagine my surprise when I saw that their restaurant is packed on a Tuesday night. Even when we left the premises at 10pm, it is still relatively full, mostly tourists. As I dug deeper into the company's … Continue reading Jumbo Group (SGX:42R) – Workable, Scalable
CNMC Goldmine (SGX:5TP) : 2Q19 Results Review
CNMC Goldmine (SGX:5TP) has released their 2Q19 results yesterday after trading hours. On first glance, it seems like it has an excellent quarter, reversing from a loss in the same period last year. This is actually expected as mentioned in my previous post on them. https://themosspiglets.com/2019/07/30/cnmc-goldmine-sgx5tp-time-to-shine-again/ The real question is not whether they will report … Continue reading CNMC Goldmine (SGX:5TP) : 2Q19 Results Review
CNMC Goldmine (SGX:5TP) – Time to Shine Again?
Gold's rally in 2019 is not showing any signs of abating, with prices climbing to fresh highs amid uncertainty in global markets. I've decided to take a look at CNMC Goldmine to see if there are any investing opportunities. Company Background CNMC Goldmine Holdings Limited is a Singapore-based investment holding and management company. The Company … Continue reading CNMC Goldmine (SGX:5TP) – Time to Shine Again?
OKP Holdings (SGX:5CF) – This, Too, Shall Pass
In Singapore's rather small infrastructure construction landscape, there are few market leaders that are well known throughout the industry. You have KTC for earthworks, CSC/Ryobi Kiso for bored piling, Yongnam for steel construction etc etc. For roadworks, we have Or Kim Peow Contractors (OKP). OKP Holdings Limited and its subsidiary corporations are a leading infrastructure … Continue reading OKP Holdings (SGX:5CF) – This, Too, Shall Pass
