In today’s briefing:
- LRT Capital Management May 2022 Investor Update
- Lingkaran Trans Kota (LTKH.KL) – Into Final Mile
LRT Capital Management May 2022 Investor Update
- LRT Capital is a fundamental investment hedge fund. We invest only in companies with durable competitive advantages, i.e. “moats.”.
- May’s results for the LRT Economic Moat Strategy were below expectations.
- The effectiveness of our hedging strategy has been limited due to the extremely strong performance of energy and commodity related stocks.
- The wealth of tomorrow will be in the hands of the net buyers of today.
Lingkaran Trans Kota (LTKH.KL) – Into Final Mile
- D/G to HOLD on limited upside
- Checked: Govt’s approval, supplemental concessions
- Special dividend and capital repayment
- Trimming earnings; DCF valuation unchanged
Before it’s here, it’s on Smartkarma
