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

Discover Singapore: Bund Center Investment (BCI SP); 70% Discount to NAV and Churning Out Dividends

Value-focused bottom-up Asian equity research

NVB Asia Pte Ltd

Equity Bottom-Up

Bund Center Investment / Equity Bottom-Up

<p>On Tuesday 25th of April I attended the AGM of <a href="https://www.smartkarma.com/entities/3813" target="_blank" data-smartkarma-citation="entities:3813:1">Bund Center Investment Ltd (BCI SP)</a> in Singapore. There were about 75-80 people in attendance.</p><figure class="editor-figure mceNonEditable"><img class="editor-image img-responsive" src="https://static-prod.smartkarma.com/images/media/000/024/966/original/25-4-2017%208-30-55%20PM.jpg?1493123481" data-smartkarma-image-id="24966"></figure><p>The CFO gave a short introduction to the company. Highlighting the decline in revenue in 2016 (-8%) which was primarily due to the RMB depreciation vs SGD. Recall that all revenue and income of this group is generated by two assets in China. Please see <a href="https://www.smartkarma.com/insights/discover-singapore-bund-center-investment-bci-sp-70-discount-to-nav-and-churning-out-dividends" target="_blank" data-smartkarma-citation="insights:10117">Discover Singapore: Bund Center Investment (BCI SP); 70% Discount to NAV and Churning Out Dividends</a> for…</p>

On Tuesday 25th of April I attended the AGM of Bund Center Investment Ltd (BCI SP) in Singapore. There were about 75-80 people in attendance.The CFO gave a short introduction to the company. Highlighting the decline in revenue in 2016 (-8%) which was primarily due to the RMB depreciation vs SGD. Recall that all revenue and income of this group is generated by two assets in China. Please see Discover Singapore: Bund Center Investment (BCI SP); 70% Discount to NAV and Churning Out Dividends for…

AGM Bund Center Investment (BCI SP): Chairman Prefers Dividends over Acquisitions