Yesterday I noticed that the stock of one of my holdings in Singapore, AP Oil International (SGX:5AU), suddenly jumped 20%. There was no press release or other corporate event that I could find. After asking on Twitter I was pointed (thanks Writser!) to a report by broker KGI Fraser Securities (PDF). KGI initiated coverage on AP […]
Eidai Kako: 53% of NCAV and 29% of BV
A recent buy for my basket in Japan is Eidai Kako (TYO:7877). This is another example of a stock with a lot-size of 1000 shares that is trading at an extreme discount to book value and net current asset value. At the current stock price of ¥287, the minimum investment required would be about $2400. […]
Denkyosha: profitable and trading at 37% of BV
Japanese shares have been soaring since 2012 and the Nikkei is currently at a level last seen in 2000. As a result many of the net-nets that were available in Japan have now disappeared. This has made it a bit harder to find replacements for companies in my Japanese basket of stocks. As a general […]
Berling SA
One of the few places where I’m still finding some cheap and small companies is Poland. Last year I made my first investment there in a company called Śnieżka. This post is about another Polish stock that I recently bought: Berling SA (ticker: BRG:WSE). Berling SA is a wholesaler of refrigerating and air-conditioning equipment. The […]
Avi-Tech Electronics: cigar butt provides puff
Last week Avi-Tech Electronics (ticker: SGX:CT1) released results for their third fiscal quarter. The company posted a profit from continuing operations of $1.3m SGD. Revenue for the quarter was $6.1m and up 5.8% compared to Q3 2014. The liquidation of their US subsidiaries is also progressing. All in all is was a decent result and […]