Quality-first, Business-perspective Strategy, Urbem (HK) Limited

Steven Chen

Steven CHEN is a quality-first, business-perspective investor.

Steven can be reached at schen@urbem.cn or steven@hillsidewealth.ca.

Quality-first, Business-perspective Strategy

Entrust: Emerging Quality but Unattractive Valuation

Equity Bottom-Up

<ul>
<li>It is difficult to resist the temptation to buy a financially attractive business at an extraordinarily low price multiple;</li>
<li>But I think that investors should be disciplined to look for proven, sustainable business models only;</li>
<li>This is precisely what Akatsuki lacks at the moment, in my view;</li>
<li>Despite the depressed valuation, I would wait on the sidelines until the long-term growth trajectory becomes more visible.</li>
</ul>


It is difficult to resist the temptation to buy a financially attractive business at an extraordinarily low price multiple;
But I think that investors should be disciplined to look for proven, sustainable business models only;
This is precisely what Akatsuki lacks at the moment, in my view;
Despite the depressed valuation, I would wait on the sidelines until the long-term growth trajectory becomes more visible.


Akatsuki: Interesting Story, but I'll Watch on the Sidelines for Now

Akatsuki Inc

Akatsuki: Interesting Story, but I'll Watch on the Sidelines for Now