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

AGM Asian Pay Television Trust (APTT SP): Dividend Confirmed Again, Still 12% Yield

Asian Pay Television Trust (APTT SP): Decent 1Q17, Lower Interest Costs and Dividend Confirmed Again

Opportunity for a 13% Return Buying into 3Q Results

Value-focused bottom-up Asian equity research

NVB Asia Pte Ltd

Equity Bottom-Up

Asian Pay Television Trust / Equity Bottom-Up

<ul><li>APTT listed in May 2013 in the middle of "Taper Tantrum"</li><li>Investors have, unjustifiably, thrown in the towel and concluded the dividend will be cut</li><li>CAPEX has peaked in 2017 and the <strong>dividend is sustainable until (at least) 2019</strong></li><li>APTT's current yield is 13.5%</li><li>The entry of Taiwanese businessman Lu Fang Ming creates optionality</li><li>Fair Value pegged at 0.65 SGD, or 30% upside</li></ul>

APTT listed in May 2013 in the middle of "Taper Tantrum"Investors have, unjustifiably, thrown in the towel and concluded the dividend will be cutCAPEX has peaked in 2017 and the dividend is sustainable until (at least) 2019APTT's current yield is 13.5%The entry of Taiwanese businessman Lu Fang Ming creates optionalityFair Value pegged at 0.65 SGD, or 30% upside

Discover Singapore: Asian Pay Television Trust (APTT SP)