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 Holdings: 1H18 Results on Track but Intel 10-Nano Chip Delay Impacts 2019 Outlook Negatively

AEM Holdings: FY18 Results Solid; Decent FY19 Outlook; Upside Could Come from Huawei and Novoflex

AGM AEM + 1Q19 Results: Riding the 5G Wave; Investors Should Watch NovoFlex and Huawei Developments

AEM Announces European Acquisition Which Is +/-5% Accretive and Offers Large Opportunity for Growth

Discover Singapore: AEM Holdings Was up 462% in 2017, Will Its Momentum Continue?

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

<p><a href="https://www.smartkarma.com/entities/11019" target="_blank" data-smartkarma-citation="entities:11019:1">Aem Holdings Ltd (AEM SP)</a> held its full-year analyst briefing where management looked back on what has been a stellar 2017. Revenue in 2017 was 221.6M SGD (+216%) vs 70M SGD achieved in 2016. Crucially, 47% of its annual sales were from kits, spares, and services which carry higher margins than the sale of the HDMT handlers themselves. It also shows that once the installed base of HDMT handlers grows the yearly consumables will continue to grow at very good margins.</p><p>PBT was up to almost 37M SGD…</p>

Aem Holdings Ltd (AEM SP) held its full-year analyst briefing where management looked back on what has been a stellar 2017. Revenue in 2017 was 221.6M SGD (+216%) vs 70M SGD achieved in 2016. Crucially, 47% of its annual sales were from kits, spares, and services which carry higher margins than the sale of the HDMT handlers themselves. It also shows that once the installed base of HDMT handlers grows the yearly consumables will continue to grow at very good margins.PBT was up to almost 37M SGD…

AEM: Strong Momentum Continues with Share Price +80% YTD; Fair Value Raised to 8.4 SGD (+40% Upside)