Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Was on the buyside for 15 years, most recently at a medium-sized boutique asset management firm. I grew up in Europe, went to university in the US and have been living in Singapore for the last 7 years which has given me a broad scope on the world and investing in general.

Consider myself a generalist investor with a preference for small and mid-cap companies and special situations. However, a large cap that has gone temporarily out of favor might also pique my interest. 

My style of investing could be categorized as more of value investor, rather than growth at any cost. Learning from Charlie Munger on the importance of quality of a company has been of tremendous value over the years.I like businesses with real earnings, cash flows, dividends, book value and insider ownership.

Insight Provider

AEM: When Inventory Fell off the Truck On the Way to Penang...

AEM Holdings - Inventory shortfall; D/G HOLD (AEM SP, CP SGD3.17, TP SGD 3.26, Technology)

AEM Holdings Ltd - Likely a stronger 2H in FY24F

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/aem-holdings-ltd" target="_blank" data-smartkarma-citation="entities:11019:1" rel="noopener">AEM (AEM SP)</a> reported FY23 results which showed a decline of 45% in annual revenues and a small loss on the net income line. Guidance is only given for 1H24.</li>
<li>Senior management will forego all bonuses, the CFO departs and the old CEO is coming back as a consultant. AEM's stock closed down 20% after the FY23 results publication.</li>
<li>A potential new Trump presidency would push an "America First" agenda likely benefiting Intel and indirectly AEM in a big way.</li>
</ul>



AEM (AEM SP) reported FY23 results which showed a decline of 45% in annual revenues and a small loss on the net income line. Guidance is only given for 1H24.
Senior management will forego all bonuses, the CFO departs and the old CEO is coming back as a consultant. AEM's stock closed down 20% after the FY23 results publication.
A potential new Trump presidency would push an "America First" agenda likely benefiting Intel and indirectly AEM in a big way.


AEM: Cautious Guidance, but AI Exposure Highlighted and Company Could Benefit from Trump Re-Election