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

Shortlist Of High Conviction Ideas: Income, Value, and Margin of Safety- February 2026

Taseco Air Services (AST VN): Solid Q1FY26, 8.3x PE Travel Retail Monopoly

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

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<li>
<a href="https://www.smartkarma.com/entities/taseco-air-services-joint-stock-company" target="_blank" data-smartkarma-citation="entities:43881:1" rel="noopener">Taseco Air Services (AST VN)</a> is the leading provider of non-aviation services in Vietnam, with a presence across the country's major tourist destinations. </li>
<li>We expect the company to deliver 15-20% CAGR over FY25-27, underpinned by growth in point-of-sale and tourist arrivals in Vietnam.  </li>
<li>Trading at ~11x PE FY26 (conservatively), net cash, ROCEs ~48% with an expanding margin profile and a &gt;6% dividend yield, this is a company to explore.</li>
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Taseco Air Services (AST VN) is the leading provider of non-aviation services in Vietnam, with a presence across the country's major tourist destinations. 
We expect the company to deliver 15-20% CAGR over FY25-27, underpinned by growth in point-of-sale and tourist arrivals in Vietnam.  
Trading at ~11x PE FY26 (conservatively), net cash, ROCEs ~48% with an expanding margin profile and a &gt;6% dividend yield, this is a company to explore.


Taseco Air Services (AST VN)- Pure Play On Vietnam Tourism, Net Cash, <11x PE, With ~48% ROCE