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/1414" target="_blank" data-smartkarma-citation="entities:1414:1">Frencken Group Ltd (FRKN SP)</a> is a global precision engineering company</li><li>Key divisions are Mechatronics and IMS which sell products into automotive and semiconductor industries</li><li>New Executive Director appointed in 2016 who brings big-company experience </li><li>2018 order book indications strong which should re-rate company in-line with peers</li><li>Frencken trades at 7.5x 2018 PE and 0.8x book with 4% dividend yield</li><li>Fair Value: assuming company can trade in-line with peers(12.5x 2018 PE) there is another 65% upside</li></ul>

Frencken Group Ltd (FRKN SP) is a global precision engineering companyKey divisions are Mechatronics and IMS which sell products into automotive and semiconductor industriesNew Executive Director appointed in 2016 who brings big-company experience 2018 order book indications strong which should re-rate company in-line with peersFrencken trades at 7.5x 2018 PE and 0.8x book with 4% dividend yieldFair Value: assuming company can trade in-line with peers(12.5x 2018 PE) there is another 65% upside

Discover Singapore: Frencken, Still at Discount to Peers After YTD Performance, 65% Upside to Be Had

Value-focused bottom-up Asian equity research

NVB Asia Pte Ltd

Micro Mechanics (Holdings) / Equity Bottom-Up

<ul><li>Singapore is home to many wonderful small- and medium size companies. <strong>Discover Singapore</strong> series will highlight some of these</li><li><a href="https://www.smartkarma.com/entities/19384" target="_blank" data-smartkarma-citation="entities:19384:1">Micro Mechanics (Holdings) Ltd (MMH SP)</a> is supplier of tools and parts to semiconductor industry. MMH track record of revenues, profit growth and margins is impressive</li><li>21M SGD in net cash (15.6% of market valuation); MMH trades at 8x P/E multiple (ex-cash) and current dividend yield 6.25%</li></ul>

Singapore is home to many wonderful small- and medium size companies. Discover Singapore series will highlight some of theseMicro Mechanics (Holdings) Ltd (MMH SP) is supplier of tools and parts to semiconductor industry. MMH track record of revenues, profit growth and margins is impressive21M SGD in net cash (15.6% of market valuation); MMH trades at 8x P/E multiple (ex-cash) and current dividend yield 6.25%

Discover Singapore: Micro Mechanics (MMH SP)

Singapore

Frencken Group Limited designs, develops, and produces complex and advanced modules and systems, based on precision mechanics, hardware and software.

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Frencken (FRKN SP)

Discover Singapore: Frencken, Still at Discount to Peers After YTD Performance, 65% Upside to Be Had

Frencken Group Ltd (FRKN SP) is a global precision engineering company Key divisions are Mechatronics and IMS which sell products into automotive...

Nicolas Van Broekhoven

Discover Singapore: Micro Mechanics (MMH SP)

Singapore is home to many wonderful small- and medium size companies. Discover Singapore series will highlight some of these Micro Mechanics...

Nicolas Van Broekhoven

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52-week Range

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