JARDINE MATHESON AND JARDINEÂ STRATEGIC
Industry: Holding company
Defensiveness: Medium (Hotels, Supermarkets, Car distribution, Engineering, Packaging)
Accessible listing: Singapore
Concentration Risk: Low, Business all over East Asia
Growth: Good growth stock historically but dependent on macro
Link: https://www.jardines.com/en/ir/ir.html
Quick note: There are two stocks with cross holdings. Strategic is usually the cheaper one, but if you own Matheson, you still own Strategic! Family owned conglomerate with astute investors but the assets are not all the best. One analysis here https://superfluousvalueblog.wordpress.com/2020/10/21/jardine-strategic-value-managers-going-cheap-part-2/
JARDINE CYCLE AND CARRIAGE
Industry: Holding company
Defensiveness: Medium (Car distribution and Manufacturing, Equipment, Cement, Dairies)
Accessible listing: Singapore
Concentration Risk: High, 75% of Business is in Indonesia
Growth: Good growth stock historically but dependent on macro
Link: https://www.jcclgroup.com/
Quick note: This is a subsidiary of Matheson and Strategic, focused on Indonesia and South East Asia. Has majority stake in Astra (Indonesia) and a stake in Vietnam Dairy Products both listed on this website. Long term growth story.
FRASER AND NEAVE
Industry: Food products
Defensiveness: Very defensive
Accessible listing: Singapore
Concentration Risk: Medium, most Business in a few countries
Growth: Good growth stock
Link: https://fraserandneave.com/
Quick note: Good access to emerging consumer gowth. Has a large stake in Vietnam Dairy Products both listed on this website. Long term growth story. Does some publishing which is about breakeven and not so great, but minor to the investment thesis due to its low size
HAW PAR CORPORATION
Industry: Holding company
Defensiveness: Quite Defensive (Hospitality, Banking investments as equity, Beauty products)
Accessible listing: Singapore
Concentration Risk: Medium, business is diversified
Growth: Low growth stock
Link: https://hawpar.listedcompany.com/
Quick note: Not analysed sufficiently to judge
SINGAPORE MEDICAL GROUP
Industry: Healthcare
Defensiveness: Defensive
Accessible listing: Singapore
Concentration Risk: Medium, business is diversified
Growth: Low growth stock
Quick note: Medical Clinics, good business, growth and good pre covid valuation
SINGAPORE O&G
Industry: Healthcare
Defensiveness: Defensive
Accessible listing: Singapore
Concentration Risk: Medium, business is diversified
Growth: Low growth stock
Quick note: Medical Clinics, good business, growth and good pre covid valuation
QUICK NOTES WATCHLIST
Asian Healthcare Specialists Ltd: Clinics, high valuation
AEM Holdings: good metrics, and growth interesting biz, large customer concentration
Boustead singapore; Not great growth, cash unused, need a strategy to grow and simplify the business to buy. conservative.
BUMITAMA AGRI : oil palm plantation, cheap biz, dividend payer. need further analysis.
CSE Global Ltd: Despite being in O&G services, but not only, it sells automation tools and systems and shows good growth as well as cheap valuation.
HR surgical: very small cap, interesting business to buy at the right price, to follow.
ISEC Healthcare LtdD : Eye clinics, good biz, good growth
Koda LtdD: Furniture, premium positioning, net cash, retail and OEM biz.
MONEYMAX FINANCIAL SERVICES : Pawn broker, business to business resale, financial services. Good growth and valuation.
Multi-Chem Ltd: IT, circuit board distribution and material. Unsure if H1will slump with strong comp, very FCF business. Good valuation and growth. need further analysis.
Nanofilm Technologies Intl Ltd: Growth company, nanotech, interesting even if not value investment.
PropNex Limited: Real estate portal. good FCF, cyclical high?
Singapore medical group: medical Clinics, good business, growth and good pre covid valuation
Singapore O&G: medical Clinics, good business, growth and good pre covid valuation
Tat Seng Packaging Group: cheap, low growth, dividend payer.
Vicplas International Ltd: not cheap but good biz, medical devices and pipping system.