Vriddhi Consulting

Punit Khanna

Independent Insight Provider

Equity Bottom-Up

<ul>
<li>Operating results for filing business in line, while consumer business is showing steady growth</li>
<li>Stock trades below Cash (RM 1.64) while operating business is available for free</li>
<li>Besides Cash the company has property and associates which are available for free</li>
</ul>
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<h2>Raising Money for Persons with Disabilities in Singapore</h2>
For your kind consideration
This report has been prepared by Vriddhi Consulting, founded by Punit and Debjani Khanna. A portion of the research was contributed by Shubham Khanna, an individual on the autism spectrum.  We are grateful to Smartkarma for providing a platform to share this research and amplify its impact.
All proceeds from the publication of this report will be donated to support people with disabilities in Singapore. If you find this report valuable, we invite you to support our campaign, “Raising Money for Persons with Disabilities in Singapore.” Every contribution directly benefits the Goh Chok Tong Enable Fund and qualifies for a 250% tax deduction for Singapore tax residents.
To contribute, <a href="https://www.giving.sg/donate/campaign/giving-sg-donate-campaign" target="_blank" rel="noopener">please visit this URL.</a> 
</div>


Operating results for filing business in line, while consumer business is showing steady growth
Stock trades below Cash (RM 1.64) while operating business is available for free
Besides Cash the company has property and associates which are available for free


Raising Money for Persons with Disabilities in Singapore
For your kind consideration
This report has been prepared by Vriddhi Consulting, founded by Punit and Debjani Khanna. A portion of the research was contributed by Shubham Khanna, an individual on the autism spectrum.  We are grateful to Smartkarma for providing a platform to share this research and amplify its impact.
All proceeds from the publication of this report will be donated to support people with disabilities in Singapore. If you find this report valuable, we invite you to support our campaign, “Raising Money for Persons with Disabilities in Singapore.” Every contribution directly benefits the Goh Chok Tong Enable Fund and qualifies for a 250% tax deduction for Singapore tax residents.
To contribute, please visit this URL. 


<ul>
<li>Trades below Cash and liquidation value and has a profitable operating business</li>
<li>Operations have been consistently profitable and free cash flow generating</li>
<li>Industry is not growing but getting consolidated. Market is pricing in a business to become zero</li>
</ul>


Trades below Cash and liquidation value and has a profitable operating business
Operations have been consistently profitable and free cash flow generating
Industry is not growing but getting consolidated. Market is pricing in a business to become zero


<ul>
<li>Operating Business did well with filing revenues marginally declining and food ware business growing</li>
<li>One off write off investment in associate and intangible asset</li>
<li>Maintain the view that Risk Reward are asymmetrical as the company trades below cash</li>
</ul>


Operating Business did well with filing revenues marginally declining and food ware business growing
One off write off investment in associate and intangible asset
Maintain the view that Risk Reward are asymmetrical as the company trades below cash


Co-founder & Managing Director, Marketnomix 

Rajan Govil

Co-founder & Managing Director

Marketnomix 

Macroeconomics

Malaysia’s GDP grew 4% y-o-y in 2Q2016 compared to a 4.2% y-o-y rise in 1Q2016 – slowing for the sixth straight quarter. Final consumption contributed 4.1 percentage point (ppt) to GDP largely driven by private consumption while fixed capital formation contributed 1.7 ppt. Change in inventories and net exports detracted 1.2 ppt and 0.7 ppt respectively from GDP. Net exports detracted from overall GDP as imports grew at a faster pace than exports.On the supply side, growth continued to be driven…

Malaysia’s GDP grew 4% y-o-y in 2Q2016 compared to a 4.2% y-o-y rise in 1Q2016 – slowing for the sixth straight quarter. Final consumption contributed 4.1 percentage point (ppt) to GDP largely driven by private consumption while fixed capital formation contributed 1.7 ppt. Change in inventories and net exports detracted 1.2 ppt and 0.7 ppt respectively from GDP. Net exports detracted from overall GDP as imports grew at a faster pace than exports.On the supply side, growth continued to be driven…

Malaysia: Manufacturing and Services Drive GDP

Malaysia

Asia File Corporation Bhd is an investment holding company.  The Company, through its subsidiaries, manufactures, supplies, trades, imports, and exports stationery products as well as manufactures and supplies paper diapers.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Asia File Corp (AF MK)

Asia File Update : Value Remains There

Asia File : Stock trades below cash with operating business filing declining and consumer food ware business showing growth.

Punit Khanna

Asia File : Risk Reward Asymmetrical

Market undervaluing a profitable company with strong cash flow due to industry consolidation and pessimism about future growth.

Punit Khanna

Asia File Update : 1st Quarter Results

Company's operating business is steady despite marginal revenue decline. One-time write-offs in investments, but overall view remains positive due...

Punit Khanna

Malaysia: Manufacturing and Services Drive GDP

Malaysia’s GDP grew 4% y-o-y in 2Q2016 compared to a 4.2% y-o-y rise in 1Q2016 – slowing for the sixth straight quarter. Final consumption...

Rajan Govil

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Asia File Update : Value Remains There

Asia File : Stock trades below cash with ​operating business filing declining and consumer food ware business showing growth.

Punit Khanna

Asia File : Risk Reward Asymmetrical

​Market undervaluing a profitable company with strong cash flow due to industry consolidation and pessimism about future growth.

Punit Khanna

Asia File Update : 1st Quarter Results

​Company's operating business is steady despite marginal revenue decline. One-time write-offs in investments, but overall view remains positive due...

Punit Khanna

Malaysia: Manufacturing and Services Drive GDP

Malaysia’s GDP grew 4% y-o-y in 2Q2016 compared to a 4.2% y-o-y rise in 1Q2016 – slowing for the sixth straight quarter. Final consumption...

Rajan Govil

Asia File : Stock trades below cash with operating business filing declining and consumer food ware business showing growth.

Market undervaluing a profitable company with strong cash flow due to industry consolidation and pessimism about future growth.

Company's operating business is steady despite marginal revenue decline. One-time write-offs in investments, but overall view remains positive due...