We believe in portfolio concentration where we conduct deep dive due diligence into each of the target companies. We shortlist target companies on a trifecta of factors:
Competitive Moat. Businesses that have moats against its competitor’s especially robust barriers of entry such as pricing, technology, patents, supply chain advantage.
Competent Management. Transparency and integrity are of the highest ethos in our selection of an ethical management. On top of that, we value hands-on management from operational background.
Attractive Valuation. We seek alpha returns and uncover gems that have yet to be discovered by the market. Aside from value investment, we are eager to participate in the emerging growth stocks.
The Company is the world largest manufacturer of gloves (90 bn pcs p.a.) which contributes 26% of the global supply. The company benefited greatly through high operational leverage where the base prices of gloves rose five times compared to pre-COVID.
Pentamaster International Ltd is an innovative manufacturing and technology solutions provider listed on Hong Kong Stock Exchange. It is founded in Penang, Malaysia and has 22 years of extensive experience and proficient skills in providing integrated and customized solutions. The company provides Automated Testing Equipment and Automated Manufacturing Solutions.
Xiaomi is a Chinese MNC electronics company founded in Apr/10 and headquartered in Beijing. Xiaomi makes and invests in smartphones, mobile apps, laptops, home appliances. Xiaomi is also the fourth company in the world after Apple, Samsung and Huawei to have self-developed mobile phone chips capabilities. In Oct/20, Xiaomi surpassed Apple as the third largest smartphone maker in the world by shipment volume.
Meituan is a Chinese shopping platform for locally found consumer products and retail services including entertainment, dining, delivery, travel and other services. It has 600 million users and almost 4.5 million business partners that cover nearly all China.
SMIC is a partially-owned publicly-listed Chinese semiconductor foundry company, largest in mainland China. It has wafer fabrication throughout mainland China, providing integrated circuit (IC) manufacturing services on 350nm to 14nm process technologies. Notable customers include Qualcomm, Broadcom and Texas Instruments.
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