CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

Thematic (Sector/Industry)

<ul>
<li>We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR methodology</li>
<li>Portfolio changes: Five stocks remain, nine new join the fray</li>
<li>Since its inception, it has generated a before-fee total return of 295% versus the MSCI ASEAN's  59%</li>
</ul>


We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR methodology
Portfolio changes: Five stocks remain, nine new join the fray
Since its inception, it has generated a before-fee total return of 295% versus the MSCI ASEAN's  59%


Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>A consortium comprising <a href="https://www.smartkarma.com/entities/csi-properties-limited" target="_blank" data-smartkarma-citation="entities:13028:1" rel="noopener">CSI Properties (497 HK)</a>, <a href="https://www.smartkarma.com/entities/asia-standard-international-group-limited" target="_blank" data-smartkarma-citation="entities:17128:1" rel="noopener">Asia Standard International Group (129 HK)</a>, and Cheung Chung-kiu, applied to the Town Planning Board to redevelop “Harbourside HQ”  into two residential towers.</li>
<li>The Planning Department previously indicated no objection to the application. However, Hong Kong's Town Planning Board rejected the proposal last Friday.</li>
<li>Vacancy rates for HK commercial properties remain elevated. 25% for Harbourside HQ. Yet, rezoning sets a precedent that cannot easily be reversed (as and) when economic conditions rebound.</li>
</ul>


A consortium comprising CSI Properties (497 HK), Asia Standard International Group (129 HK), and Cheung Chung-kiu, applied to the Town Planning Board to redevelop “Harbourside HQ”  into two residential towers.
The Planning Department previously indicated no objection to the application. However, Hong Kong's Town Planning Board rejected the proposal last Friday.
Vacancy rates for HK commercial properties remain elevated. 25% for Harbourside HQ. Yet, rezoning sets a precedent that cannot easily be reversed (as and) when economic conditions rebound.


Town Planning Board's Rezoning Rejection Is The Right Call

Listed Real Estate Asia, KT Capital Group

Jacob Cheng

Listed Real Estate Asia

KT Capital Group

Principal investments and advisory firm that focuses on connecting the CIS countries with East Asia.

Principal investments and advisory firm

<ul>
<li>We think Singapore developers is at a sweet spot on the back of market recovery, stronger capital management and attractive valuation</li>
<li>Residential and office market are seeing solid recovery, on the back of steep rate decline.  Accelerated M&amp;As and buyback programs will further unlock value to shareholders</li>
<li>Sector is trading at 0.64x PB and 55% discount to RNAV, assuming mean version, this implies 72% and 60% upside to historical mean of 1.1x and 28% respectively</li>
</ul>


We think Singapore developers is at a sweet spot on the back of market recovery, stronger capital management and attractive valuation
Residential and office market are seeing solid recovery, on the back of steep rate decline.  Accelerated M&amp;As and buyback programs will further unlock value to shareholders
Sector is trading at 0.64x PB and 55% discount to RNAV, assuming mean version, this implies 72% and 60% upside to historical mean of 1.1x and 28% respectively


SG RE Developers: The Physical Market Recovery, Improved Capital Recycling, & Valuation Dislocation

Singapore Market Roundup, Singapore Market Roundup

Singapore Market Roundup

<ul><li>CGS lowers Mermaid Maritime's target price but maintains 'add' rating.</li><li>UOB Kay Hian's Loh raises Yangzijiang Shipbuilding target price to $4.10.</li><li>Analysts raise Marco Polo Marine's target prices to 12 cents after contract win.</li></ul>

CGS lowers Mermaid Maritime's target price but maintains 'add' rating.UOB Kay Hian's Loh raises Yangzijiang Shipbuilding target price to $4.10.Analysts raise Marco Polo Marine's target prices to 12 cents after contract win.

Singapore Market Roundup (19-Nov-2025): CGS cuts Mermaid Maritime's target price, keeps 'add'

<ul>
<li>OCBC raises UOL's target price by 16% as Sora declines.   </li>
<li>Analysts lower target prices for Frencken after 3QFY2025 update.</li>
<li>Food Empire's shares may exceed $3 after record revenue; TP raised to $3.18.</li>
</ul>


OCBC raises UOL's target price by 16% as Sora declines.   
Analysts lower target prices for Frencken after 3QFY2025 update.
Food Empire's shares may exceed $3 after record revenue; TP raised to $3.18.


Singapore Market Roundup (18-Nov-2025): OCBC boosts UOL target price by 16% amid Sora drop.

Singapore

UOL Group is a leading Singapore-listed property and hospitality company with a diversified portfolio of development and investment properties, hotels, and serviced suites. The company develops residential units, commercial offices, shopping malls, and operates hotels under brands like Pan Pacific and PARKROYAL. UOL Group Limited was founded in 1963 and is headquartered in Singapore.

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UOL Group (UOL SP)

The Stocks to Own in ASEAN – Vol. 53

We highlight 14 stocks in ASEAN that look interesting to us based on our FVMR methodology. Portfolio changes: Five stocks remain, nine stocks added.

A. Stotz Investment Research

Town Planning Board's Rezoning Rejection Is The Right Call

Vacancy rates for HK commercial properties remain elevated. Yet, rezoning sets a precedent that cannot easily be reversed (as and) when economic...

David Blennerhassett

SG RE Developers: The Physical Market Recovery, Improved Capital Recycling, & Valuation Dislocation

Singapore real estate developers are positioned for a re-rating, on the back of physical market recovery, accelerated M&As, as well as attractive...

Jacob Cheng

Singapore Market Roundup (19-Nov-2025): CGS cuts Mermaid Maritime's target price, keeps 'add'

CGS lowers Mermaid Maritime's target price but keeps 'add' rating; UOB Kay Hian raises Yangzijiang Shipbuilding to $4.10; Marco Polo Marine's...

Singapore Market Roundup

Singapore Market Roundup (18-Nov-2025): OCBC boosts UOL target price by 16% amid Sora drop.

OCBC raises UOL's target price by 16% amid Sora decline. Analysts cut Frencken's target after 3QFY2025. Food Empire's TP raised to $3.18, shares...

Singapore Market Roundup

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