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/8687" target="_blank" data-smartkarma-citation="entities:8687:1">SUTL Enterprise Ltd (SUTL SP)</a> listed in 2015 via a reverse takeover</li><li>Company controlled by SUTL Global (not listed) which is run by Tay family</li><li>SUTL is a play on growth of Asian Ultra High Net Worth (UHNW) and their desire to own luxury yachts</li><li>SUTL owns 30-yr operating rights to One 15 marina in Sentosa, Singapore</li><li>Revenues and profits are very stable as membership fees renewal rate is high</li><li>Growth will come from expansion in Asia</li><li>Market Cap is 60M SGD but EV only 17M SGD</li><li>SUTL trades at 4.8x (ex-cash) P/E and offers 2.8% dividend yield</li></ul>

SUTL Enterprise Ltd (SUTL SP) listed in 2015 via a reverse takeoverCompany controlled by SUTL Global (not listed) which is run by Tay familySUTL is a play on growth of Asian Ultra High Net Worth (UHNW) and their desire to own luxury yachtsSUTL owns 30-yr operating rights to One 15 marina in Sentosa, SingaporeRevenues and profits are very stable as membership fees renewal rate is highGrowth will come from expansion in AsiaMarket Cap is 60M SGD but EV only 17M SGDSUTL trades at 4.8x (ex-cash) P/E and offers 2.8% dividend yield

Discover Singapore: Own an Asian Luxury Marina Operator at 4.8x Ex-Cash P/E and 2.8% Dividend Yield

Singapore

SUTL Enterprise develops and operates marinas, and also provides marina consultancy, marina development and yacht chartering services. It owns the prestigious ONE°15 Marina at Sentosa Cove in Singapore and operates ONE15 Luxury Yachting, which offers yacht chartering services at the club.

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SUTL Enterprise (SUTL SP)

Discover Singapore: Own an Asian Luxury Marina Operator at 4.8x Ex-Cash P/E and 2.8% Dividend Yield

SUTL Enterprise Ltd (SUTL SP) listed in 2015 via a reverse takeover Company controlled by SUTL Global (not listed) which is run by Tay...

Nicolas Van Broekhoven

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52-week Range

Market Cap (USDm)

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