Pan-Asia Equity Bottom-up, Wickhams Hill

Lloyd Moffatt

I am a fundamental-value investment analyst with a bent for events and soft catalysts.

During my time on both the buy-side and sell-side I focussed on small and mid-cap companies in ASEAN, Australia and HK/China.

Although a generalist, my background as an engineer lends itself toward deep-dive research in more practical sectors like consumer and industrials.

Previous recommendations include:

Concepcion Industrial		(CIC PM)	BUY	03/12/2015		+100.1%
OSIM International		(OSIM SP)	BUY	11/12/2015		+36.9%
Bellamy's Australia Ltd	(BAL AU)	SELL	08/06/2016		+60%
Pryce Corp				(PPC PM)	BUY	14/07/2016		+105%
Rukun Raharja			(RAJA IJ)	BUY	16/02/2017		+61%
Asian Pay Television Trust (APTT SP)	BUY	30/12/2016		+67%

Pan-Asia Equity Bottom-up

Inaugural Dividend Is a Harbinger of Things to Come

ASEAN Small-Micro Cap – Winners, Losers and Opportunities for 2018

Insider Report: Largest Insider Dealings for 2017

Assessing the Implications of Phoenix Petroleums Entry to Philippines LPG Market on Pryce Corp

DEEP DIVE: Riding the Second Wave in Pryce Corp for Another 146% Upside

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.

Equity Bottom-Up

<p>Pryce Corp released their full 3Q17 results on 10/11, following a preliminary announcement on 18/10, which we covered in the note <a href="https://www.smartkarma.com/insights/pryce-9m-2017-net-income-up-32-yoy" target="_blank" data-smartkarma-citation="insights:14538">PRYCE 9M 2017 NET INCOME UP 32% YoY</a>. Revenues for the nine-month period ending September 30, 2017 aggregated PHP6.44 bn, an increase of 36% from the P4.74 bn in 9M16. Gross profit rose 23% to PHP1.29 bn while operating profit rose 27% to PHP965.1 mn.</p><h2>Volume growth concentrated in most profitable regions</h2><p>Interestingly, the YTD volume of 148.8k MT was 5,800 MT (or 10%)…</p>

Pryce Corp released their full 3Q17 results on 10/11, following a preliminary announcement on 18/10, which we covered in the note PRYCE 9M 2017 NET INCOME UP 32% YoY. Revenues for the nine-month period ending September 30, 2017 aggregated PHP6.44 bn, an increase of 36% from the P4.74 bn in 9M16. Gross profit rose 23% to PHP1.29 bn while operating profit rose 27% to PHP965.1 mn.Volume growth concentrated in most profitable regionsInterestingly, the YTD volume of 148.8k MT was 5,800 MT (or 10%)…

3Q17 Results - Higher Growth and Looming Dividend