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

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

Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.

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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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