DEEP DIVE: The Golden Opportunity of PureGold
Puregold Price Club (PGOLD PM) is the second largest grocery retailer in the Philippines with over 20 years of history. The company has...
945 Views
Cosco Capital- A High Quality, Growing Retail Holding Company at 4.4 Times EBITDA & 0.77 Times Book
Cosco Capital is a retail holding company in the Philippines trading at 0.77 times book value and 4.4 times 2017 EBITDA despite owning 51.0% of...
438 Views
ShengSiong: The Neighbourhood Grocer for Value-Seeking Asians
The ShengSiong (SSG SP) group enjoys a unique position amongst modern food retailers in Singapore, with proximity to densely populated mass-market...
2.2k Views
Cosco Capital: Widening NAV Discount (More than 2 SD Below 5-Yr Average) Not Justified
Our stub valuation on Cosco Capital Inc (COSCO PM) suggests NAV discount of a whopping 57% (more than 2 SD below its 5-yr average). Further...
523 Views
Cosco Capital - Unlisted Operating Assets Remain Under-Appreciated
Cosco Capital Inc (COSCO PM)Â was at its record discount to NAV when we first wrote on it mid-2016. Discount to NAV has since then narrowed, but it...
591 Views