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Pryce Corporation produces and sells industrial gases under the PryceGas brand name in the Philippines. The company operates through Real Estate; LPG, Industrial Gases, and Fuels; and Pharmaceutical Products segments. It engages in the manufacture, purchase, importation, sale, and distribution of various kinds of liquefied petroleum gas (LPG) and industrial gases, such as oxygen, acetylene, hydrogen, nitrogen, argon, carbon dioxide, nitrous oxide, compressed air and helium, and other allied or related products, including its containers, equipment, and other receptacles. As of December 31, 2015, the company operated 8 LPG marine-fed terminals and 32 refilling plants. It is also involved in the acquisition of raw land and its conversion into various developments, primarily memorial parks. The company owns and operates memorial parks in Cagayan de Oro, Iligan, Ozamiz, Polanco, Zamboanga, and Davao; and smaller-sized memorial parks in Manolo Fortich and Malaybalay in Bukidnon, Malita in Davao del Sur, Bislig in Surigao del Sur, and Alabel in Saranggani, as well as owns Pryce Plaza, a convention hotel located in Cagayan de Oro City. In addition, it distributes and sells pharmaceutical products, such as vitamins and food supplements on wholesale and retail basis. The company was formerly known as Pryce Properties Corporation and changed its name to Pryce Corporation in July 1997. Pryce Corporation was founded in 1989 and is headquartered in Makati City, the Philippines.

Cosco Capital, Inc. operates as a retail holding company. The Company owns a diverse portfolio of real estate holdings that includes retail outlets, pharmacy chains, restaurants, wine and liquor distribution businesses, and unibanks. Cosco Capital focuses on the retail, real estate, liquor distribution and oil and mineral exploration industries in the Philippines.

Phoenix Petroleum Philippines, Inc. trades in petroleum products under the PHOENIX Fuels Life brand name on wholesale and retail basis in the Philippines. Its Trading segment markets, merchandises, purchases, sells, deals, acquires, disposes, and distributes goods and wares, such as petroleum, adhesives, glues, bonding agents, epoxy resins, lubricants, and other products. The company�s Depot and Logistics Services segment operates oil depots and storage facilities, as well as provides logistics services. Its Shipping and Cargo Services segment is involved in the hauling of petroleum products; operation of inter-island going vessels for domestic trade; chartering in and out vessels; and providing marine services to ship owners, operators, and managers. The company�s Real Estate segment is involved in real estate development, management, and operations, as well as selling parcels of land. It is also involved in terminaling and hauling services, such as leasing storage space in the company�s terminal depot; and into-plane services in the cities of Davao, Cagayan de Oro, Cotabato, Zamboanga, and Ozamis. In addition, the company engages in organizing, managing, administering, running, and supervising the operations and marketing of various kinds of services oriented companies comprising petroleum service stations; and buying, selling, supplying, distributing, importing, exporting, storing, and delivering various types of petroleum for industrial, marine, aviation, and automotive use. As of December 31, 2014, it had 418 service stations, including 141 service stations in Luzon, 56 in the Visayas, and 221 in Mindanao. The company was formerly known as Davao Oil Terminal Services Corp. and changed its name to Phoenix Petroleum Philippines, Inc. in August 2006. The company was incorporated in 2002 and is headquartered in Davao City, the Philippines.

PT Arwana Citramulia Tbk manufactures ceramic construction material for flooring. Through its subsidiary, the Company also distributes its products. The Company's factory is located in Tangerang, Banten.

Petron Corporation refines crude oil and sells a full range of petroleum products. The Company transports its products by sea, using tankers and barges. Petron also retails gasoline, diesel, and kerosene to motorists, public transportation operators and households through its service stations. Petro also provides insurance & reinsurance service and leases property.

Future Bright Holdings Limited is an investment holding company.  The Group, comprising the Company and its subsidiaries, is engaged in the sales of food and beverage and property investment. Future Bright sells food and beverage in Macau and Mainland China and is engaged in the leasing of property.

ComfortDelGro Corporation Limited provides bus, taxi, car leasing and rental, automotive engineering, maintenance services, and diesel sales.  The Group also provides investment trading and operates vehicle inspection and assessment services, and advertising services.

MacroAsia Corporation, through its subsidiaries, engages in the aviation-support businesses in the Philippines. The company operates through In-Flight and Other Catering, Ground Handling and Aviation, Charter Flights, Rental and Administrative, and Mining segments. It provides aircraft maintenance, repair, and overhaul services; in-flight catering services; ground handling services for passenger and cargo aircraft; and helicopter charter flight services, as well as operates the special economic zone at the Ninoy Aquino International Airport. The company also provides catering services for institutional clients; and acquires, develops, and sells real properties. In addition, it is also involved in the provision of consultancy and mining exploration services focusing on nickel areas. Further, it holds interests in Infanta Nickel project covering an area of approximately 1,114 hectares located in Brooke�s Point, Palawan. The company was formerly known as Cobertson Holdings Corporation and changed its name to MacroAsia Corporation in November 1995. MacroAsia Corporation was incorporated in 1970 and is based in Makati City, the Philippines.

PT AKR Corporindo Tbk distributes chemical products such as caustic soda, Polyvinyl Chloride (PVC) resin, sorbitol, soda ash, and sodium sulfate.  Through its subsidiaries, the Company also manufactures chemicals, operates storage tanks and warehouses, and provides logistic services.

Procurri Corporation Limited provides enterprise data center equipment and lifecycle services to clients in Singapore and internationally. It offers IT distribution services, including hardware resale and supply chain management; and lifecycle services, such as independent maintenance, Hardware-as-a-Service, and IT asset disposition.

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Research-Intensive Fundamental Value Advisor

Wickhams Hill

Wickhams Hill Capital is a research-intensive fundamental value advisor, on long and occasionally short investment opportunities concentrated in small and mid-cap public companies.

Pan-Asia Equity Bottom-up, Wickhams Hill

Lloyd Moffatt

I am a fundamental-value investment analyst with a bent for events and soft catalysts.

During my time on both the buy-side and sell-side I focussed on small and mid-cap companies in ASEAN, Australia and HK/China.

Although a generalist, my background as an engineer lends itself toward deep-dive research in more practical sectors like consumer and industrials.

Previous recommendations include:

Concepcion Industrial		(CIC PM)	BUY	03/12/2015		+100.1%
OSIM International		(OSIM SP)	BUY	11/12/2015		+36.9%
Bellamy's Australia Ltd	(BAL AU)	SELL	08/06/2016		+60%
Pryce Corp				(PPC PM)	BUY	14/07/2016		+105%
Rukun Raharja			(RAJA IJ)	BUY	16/02/2017		+61%
Asian Pay Television Trust (APTT SP)	BUY	30/12/2016		+67%

Lloyd Moffatt
Pan-Asia Equity Bottom-up
• Wickhams Hill

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