Pan-Asia Equity Bottom-up, Wickhams Hill

Lloyd Moffatt

Pan-Asia Equity Bottom-up

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.

Thematic (Sector/Industry)

<p>A collapse in our Singapore small-cap index, which was up almost 15% YTD in Mar and has subsequently fallen more than 17%, has prompted us to look for situations where company valuations may have become irrationally cheap.</p>
<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/061/595/original/1.png?1535094246" class="editor-image img-responsive" data-smartkarma-image-id="61595"></figure>
<div class="content-caption">Figure 1 - Our Singapore small-cap index was up almost 15% YTD in Mar and has subsequently fallen more than 17%</div>
<p>A simple screen we ran ranks companies in our Singapore index by Net Cash as a % of Market Cap. Investors would know these companies are often cheap for a reason…</p>

A collapse in our Singapore small-cap index, which was up almost 15% YTD in Mar and has subsequently fallen more than 17%, has prompted us to look for situations where company valuations may have become irrationally cheap.

Figure 1 - Our Singapore small-cap index was up almost 15% YTD in Mar and has subsequently fallen more than 17%
A simple screen we ran ranks companies in our Singapore index by Net Cash as a % of Market Cap. Investors would know these companies are often cheap for a reason…

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

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Strong Earnings Sees IT Sector Grow Two-Thirds in 2017 YTD

Tech Sector Led in Sep, Venture now Biggest Stock in the STI Reserve List

Singapore’s 30 Biggest Hardware & Semiconductor Stocks

Singapore

Ellipsiz Ltd. offers products and services to the semiconductor industry. The Company manufactures probe cards used to test semiconductor wafers, and provides wafer reclaim services, equipment distribution and support services for the semiconductor and electronics manufacturing services (EMS) industries.

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Ellipsiz Ltd (ELL SP)

Hunting for Net-Nets in Singapore

A collapse in our Singapore small-cap index, which was up almost 15% YTD in Mar and has subsequently fallen more than 17%, has prompted us to look...

Lloyd Moffatt

Strong Earnings Sees IT Sector Grow Two-Thirds in 2017 YTD

Singapore Exchange Ltd (SGX)

Tech Sector Led in Sep, Venture now Biggest Stock in the STI Reserve List

Singapore Exchange Ltd (SGX)

Singapore’s 30 Biggest Hardware & Semiconductor Stocks

Singapore Exchange Ltd (SGX)

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