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

Sunpower (SPWG SP): Trying to Make Sense of the Flash-Crash

Sunpower (SPWG SP): Stellar 3Q18 Results Highlight Value of GI and Help Recovery from Flash Crash

The Week that Was in ASEAN@Smartkarma - PNB, Salty Thailand, and Indonesia's Economy

Sunpower: Full Force Ahead in Green Investments with Continued Backing of Top Chinese PE Funds

Sunpower: It's All About Green Investments; Company Helping to Clear the Air in Beijing

Discover Singapore: Sunpower; Involvement of Chinese PE Player Intriguing, Trades at 5.5x 2018 P/E

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

<a href="https://www.smartkarma.com/entities/18395" target="_blank" data-smartkarma-citation="entities:18395:1">Sunpower Group (SPWG SP)</a> held its EGM in which shareholders got to vote on the proposed issuance of a second convertible bond tranche to two existing China based PE investors. All seven resolutions were approved with 100% of votes cast in favor which gives management a strong mandate to expand its Green Investments (GI) portfolio going forward.
We further learned that 2H18 growth should accelerate from 1H18 as recent acquisitions will start to contribute and three additional GI projects are in the final stages of negotiations.
Sunpower Fair Value remains at 1 SGD or 78% upside.

Sunpower Group (SPWG SP) held its EGM in which shareholders got to vote on the proposed issuance of a second convertible bond tranche to two existing China based PE investors. All seven resolutions were approved with 100% of votes cast in favor which gives management a strong mandate to expand its Green Investments (GI) portfolio going forward.
We further learned that 2H18 growth should accelerate from 1H18 as recent acquisitions will start to contribute and three additional GI projects are in the final stages of negotiations.
Sunpower Fair Value remains at 1 SGD or 78% upside.

EGM Sunpower: 100% of Shareholders Approve Additional CB Investment; Growth to Accelerate in 2H18