Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul><li><a href="https://www.smartkarma.com/entities/18395" target="_blank" data-smartkarma-citation="entities:18395:1">Sunpower Group Ltd (SPWG SP)</a> is an environmental equipment specialist based in China</li><li>Company was founded in 1997, listed on SGX in 2005 and currently has 406M SGD market cap</li><li>Pollution in China is enormous issue and top of mind for policy leaders</li><li>In December 2016 well-known China-centric PE firm, CDH subscribed 110 M USD in CB at 0.5 SGD/share</li><li>CDH agreed on performance targets for 2018/2019 with Sunpower management, which if achieved, put company at 5.5x 2018 P/E and 4.6x 2019 P/E</li><li>Fair Value: 1 SGD (based on 10x 2018 P/E), or 80% upside from current valuation</li></ul>

Sunpower Group Ltd (SPWG SP) is an environmental equipment specialist based in ChinaCompany was founded in 1997, listed on SGX in 2005 and currently has 406M SGD market capPollution in China is enormous issue and top of mind for policy leadersIn December 2016 well-known China-centric PE firm, CDH subscribed 110 M USD in CB at 0.5 SGD/shareCDH agreed on performance targets for 2018/2019 with Sunpower management, which if achieved, put company at 5.5x 2018 P/E and 4.6x 2019 P/EFair Value: 1 SGD (based on 10x 2018 P/E), or 80% upside from current valuation

Discover Singapore: Sunpower; Involvement of Chinese PE Player Intriguing, Trades at 5.5x 2018 P/E

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

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Sector Plays in a Rising Interest Rate Environment

SGX’s 20 Biggest China-Related Enterprises Returned 39.8% in YTD

SGX China Environmental Plays in Spotlight as China Goes Green

ASEAN Plays Poised to Gain from China&#39;s Belt & Road Initiative (OBOR)

Singapore

China Everbright Water Limited offers water environmental services. The Company provides water environment management, sponge city construction, sewage treatment, river-basin ecological restoration, water supply, and other related services. China Everbright Water conducts businesses in Shenzhen, Singapore, and Hong Kong.

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China Everbright Water (CEWL SP)

Discover Singapore: Sunpower; Involvement of Chinese PE Player Intriguing, Trades at 5.5x 2018 P/E

Sunpower Group Ltd (SPWG SP) is an environmental equipment specialist based in China Company was founded in 1997, listed on SGX in 2005 and...

Nicolas Van Broekhoven

Sector Plays in a Rising Interest Rate Environment

Singapore Exchange Ltd (SGX)

SGX China Environmental Plays in Spotlight as China Goes Green

Singapore Exchange Ltd (SGX)

ASEAN Plays Poised to Gain from China's Belt & Road Initiative (OBOR)

Singapore Exchange Ltd (SGX)

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Discover Singapore: Sunpower; Involvement of Chinese PE Player Intriguing, Trades at 5.5x 2018 P/E

Sunpower Group Ltd (SPWG SP) is an environmental equipment specialist based in China Company was founded in 1997, listed on SGX in 2005 and...

Nicolas Van Broekhoven

Sector Plays in a Rising Interest Rate Environment

Singapore Exchange Ltd (SGX)

SGX’s 20 Biggest China-Related Enterprises Returned 39.8% in YTD

Singapore Exchange Ltd (SGX)

SGX China Environmental Plays in Spotlight as China Goes Green

Singapore Exchange Ltd (SGX)

ASEAN Plays Poised to Gain from China&#39;s Belt & Road Initiative (OBOR)

Singapore Exchange Ltd (SGX)

ASEAN Plays Poised to Gain from China's Belt & Road Initiative (OBOR)