Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

A buy-side analyst with over 18 years of experience investing in Asian markets and specializing in the mid-small cap space, emphasizing value investing in companies with good free cash flows/dividends and long-term holding horizons. 
Exempt Financial Adviser (EFA) under CrossASEAN Research Pte Ltd. It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity, Bottom-up Analyst

Dickson Concept (113 HK) Update: Trading at 40% Discount to NCAV, 8% Dividend Yield

Dickson Concepts (113 HK): 38% Discount to NCAV, 8.6% Dividend Yield, Steady FY24

Dickson Concepts (113 HK): Controlling Shareholder to Privatise a Negative EV Play?

Dickson Concepts 113 HK: Straight From The Ben Graham Stable, >40% Discount to NCAV

Shortlist Of High Conviction Ideas: Income, Value, and Margin of Safety

Shortlist of High Conviction Ideas - Income, Value, Margin of Safety

Investics Research

It is important to note that the information provided by Investics Research is based on publicly available data and own knowledge, which has been gathered and analyzed from a variety of sources. While every effort has been made to ensure the accuracy and completeness of the information provided, it is not guaranteed to be free from errors or omissions. All forecasts and estimates are based on information that has been obtained from public sources that are considered to be reliable. The sources include but are not limited to, company announcements, exchange filings, presentations, etc. Investics does not guarantee the accuracy and completeness of the forecasts, estimates, and/or other information.

Equity Bottom-up Research

Equity Bottom-Up

<ul>
<li>In my previous insight <a href="https://www.smartkarma.com/insights/dickson-concepts-113-hk-straight-from-the-ben-graham-stable-40-discount-to-ncav" target="_blank" data-smartkarma-citation="insights:102890" rel="noopener">Dickson Concepts 113 HK: Straight From The Ben Graham Stable, &gt;40% Discount to NCAV</a>, I highlighted why one must explore the stock as a viable investment.</li>
<li>NCAV (Net current asset value) in FY23 was 7.5 HKD/share ( Vs. current share price of 4.25 HKD/share), with net cash + ST/LT financial investments now at 9.7 HKD/share. </li>
<li>Absolute DPS ( dividend per share) was 35 cents representing a yield of 8.2% ( payout ratio of 55%). The trailing PE is 6.6x FY23. </li>
</ul>


In my previous insight Dickson Concepts 113 HK: Straight From The Ben Graham Stable, &gt;40% Discount to NCAV, I highlighted why one must explore the stock as a viable investment.
NCAV (Net current asset value) in FY23 was 7.5 HKD/share ( Vs. current share price of 4.25 HKD/share), with net cash + ST/LT financial investments now at 9.7 HKD/share. 
Absolute DPS ( dividend per share) was 35 cents representing a yield of 8.2% ( payout ratio of 55%). The trailing PE is 6.6x FY23. 


Dickson Concepts: Gleanings From the FY23 Annual Report

Dickson Concepts Intl

Dickson Concepts: Gleanings From the FY23 Annual Report