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”
What a 100K Investment in Asia Pacific Returned in H1 2017
What would have a 100K USD, EUR or local currency investment returned to an investor in the first six months of 2017 if he or she would have invested in one of the Asia-Pacific equity markets? In our regular snapshot, we rank the performance of Asia Pacific’s stock markets on a USD, EUR, and local currency basis. Continue reading “What a 100K Investment in Asia Pacific Returned in H1 2017”
SPC Power – Powering Philippines Growing Economy
SPC Power Corporation (SPC.PS) is engaged in power generation and distribution to end-users. The company was originally incorporated as a venture under the name, Salcon Power Corporation, to operate and manage the 204 MW Naga Power Plant Complex on Cebu Island Philippines and to sell the electricity to the National Power Corporation, its sole customer, under a take-or-pay agreement. Continue reading “SPC Power – Powering Philippines Growing Economy”
K. Wah International – Homes for China’s Riches
K. Wah International Holdings Ltd (0173.HK) is a leading developer and investor of premium projects and luxury homes in Hong Kong, the Pearl River Delta, and the Yangtze River Delta regions. The company is controlled by the 87-year-old self-made billionaires Lui Chee-woo, who is reported to be Asia’s second-richest person after Li Ka-Shing. Continue reading “K. Wah International – Homes for China’s Riches”
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”
Colorpak Indonesia – A Hidden Pearl in Indonesia
PT Colorpak Indonesia Tbk (CLPI.JK) is a small manufacturer of printing ink for flexible and cigarette packaging in Indonesia. The company trades furthermore films, adhesives, plastic resins and printing equipment. Colorpak Indonesia has two manufacturing facilities in Indonesia and sells its products to the domestic market as well as to Australia and China. Continue reading “Colorpak Indonesia – A Hidden Pearl in Indonesia”
