Tat Seng Packaging Group Ltd (T12.SI) value has increased 50% since our first recommendation last year in June. The manufacturer of corrugated paper products and packaging is also part of our model portfolio. With a market cap of 70m USD, Tat Seng Packaging is only a relatively small player. However, the well-managed company has consistently surprised with positive results over the past five years and shows strong financials. EPS grew by 27% over the last five years, a rate well above industry average. Continue reading “Tat Seng Packaging – Still a Bargain”
Category: Industrials
Zhengye International – Strong Profitability Improvements Likely
Zhengye International Holdings Co Ltd (3363.HK) is one of the largest paper-based packaging production companies in China. The company produces corrugated cardboard cartons, honeycomb paper-based products, and high-strength corrugated medium paper. The products are sold as packaging products to manufacturers of air conditioners, small household appliances, food condiments, and others. Continue reading “Zhengye International – Strong Profitability Improvements Likely”
Mieco Chipboard – An Appealing M&A Candidate
Mieco Chipboard Bhd (5001.KL) is a major player in the particle board industry. Particle boards, also known as chipboards, are made by using wood particles and rubber wood together. Particle boards are cheaper than conventional timber as well as denser and less expensive than plywood. Continue reading “Mieco Chipboard – An Appealing M&A Candidate”
Valuetronics Holdings – Still a Good Investment
Valuetronics Holdings Ltd (BN2.SI) is one of the top performers in our Asia Pacific Model Portfolio since December 2015 (see our posting ‘Valuetronics – Value for Money’). The provider of Electronic Manufacturing Service (“EMS”) has gained 63% since our first recommendation and is up 30% since the beginning of this year. Continue reading “Valuetronics Holdings – Still a Good Investment”
Dutech Holdings – On Shopping Tour in Germany
Dutech Holdings Limited (CZ4.SI) is a leading global manufacturer of high-security products. The company sells safes for Automated Teller Machines (ATM) in the banking industry, safes for commercial and residential purposes, cash handling systems and intelligent terminals. Continue reading “Dutech Holdings – On Shopping Tour in Germany”
Shenzhen Expressway Co – Highway to Growth
Shenzhen Expressway Co Ltd (0548.HK) is the largest toll road operator in Shenzhen. The Company runs a total of 16 toll highways, with a combined length of 416km. Shenzhen Expressway provides furthermore construction and highway management services as well as project management, advertising business, construction consulting, and inter-network toll collection. Continue reading “Shenzhen Expressway Co – Highway to Growth”