Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Was on the buyside for 15 years, most recently at a medium-sized boutique asset management firm. I grew up in Europe, went to university in the US and have been living in Singapore for the last 7 years which has given me a broad scope on the world and investing in general.

Consider myself a generalist investor with a preference for small and mid-cap companies and special situations. However, a large cap that has gone temporarily out of favor might also pique my interest. 

My style of investing could be categorized as more of value investor, rather than growth at any cost. Learning from Charlie Munger on the importance of quality of a company has been of tremendous value over the years.I like businesses with real earnings, cash flows, dividends, book value and insider ownership.

Insight Provider

StubWorld: Extreme Bifurcations in Orion Holdings And JCNC

AGM Jardine Cycle & Carriage (JCNC SP): Lots of Questions on Vinamilk; 10% Stake Likely to Grow

Jardine C&C (JCNC SP): Close the Stub Trade

TRADE IDEA - Toyota Industries (6201 JP) Stub: Riding the Automation Wave

TRADE IDEA - First Pacific Stub (142 HK): Taming the Beast

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

Jardine Cycle & Carriage / Equity Bottom-Up

<p>The 50th JCNC AGM was all about cars, cows and cement. Investors questioned the board on various topics. </p><p><a href="https://www.smartkarma.com/entities/347" target="_blank" data-smartkarma-citation="entities:347:1">Jardine Cycle &amp; Carriage Ltd (JCNC SP)</a> is an interesting play on Astra (at a discount), and now offers you exposure to some other large companies in Vietnam and Thailand. The increased investments have impacted the balance sheet which now carries $1.3 billion in holding debt. This is high by historical Jardine standards, another rights issue is therefore increasingly likely and is probably only a matter of time.</p>

The 50th JCNC AGM was all about cars, cows and cement. Investors questioned the board on various topics. Jardine Cycle &amp; Carriage Ltd (JCNC SP) is an interesting play on Astra (at a discount), and now offers you exposure to some other large companies in Vietnam and Thailand. The increased investments have impacted the balance sheet which now carries $1.3 billion in holding debt. This is high by historical Jardine standards, another rights issue is therefore increasingly likely and is probably only a matter of time.

AGM Jardine Cycle & Carriage (JCNC SP): Cars, Cows and Cement; High Gearing = Likely Rights Issue