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
- 4.1% yield
- 9.43 times PE or 10.6% earnings yield
- 59% of asset in cash, 51% of market cap in cash
- Its interest from its huge cash holdings pays for the capex!
- Free Cash Flow 13.4%
- 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.
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Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Insurance Start-up Havend. All opinions on Investment Moats are his own and does not represent the views of Providend.
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Gregg
Friday 11th of May 2012
Hi Bro,
You are "Avengers", how you spot those stocks.... Thumbs up...