Straco delivers 65% rise in Q1 2012 profits

Here is one Singapore stock often mistaken as a S-Chip listed on the SGX. STRACO is a developer and operator of tourism-related attractions. It operates 2 main attractions, Shanghai Ocean Aquarium (SOA) and Underwater World Xiamen (UWX).

This sounds like a shitty investment

1. 4.1% yield
2. 9.43 times PE or 10.6% earnings yield
3. 59% of asset in cash,  51% of market cap in cash
4. Its interest from its huge cash holdings pays for the capex!
5. Free Cash Flow 13.4%
6. The dividend payout  is 30%

You can view the Q1 results here.

I have a rather small stake here as I thought tourist attractions do not have a strong moat. But the results are  proving other wise.