Pan-Asia Equity Bottom-up, Wickhams Hill

Lloyd Moffatt

I am a fundamental-value investment analyst with a bent for events and soft catalysts.

During my time on both the buy-side and sell-side I focussed on small and mid-cap companies in ASEAN, Australia and HK/China.

Although a generalist, my background as an engineer lends itself toward deep-dive research in more practical sectors like consumer and industrials.

Previous recommendations include:

Concepcion Industrial		(CIC PM)	BUY	03/12/2015		+100.1%
OSIM International		(OSIM SP)	BUY	11/12/2015		+36.9%
Bellamy's Australia Ltd	(BAL AU)	SELL	08/06/2016		+60%
Pryce Corp				(PPC PM)	BUY	14/07/2016		+105%
Rukun Raharja			(RAJA IJ)	BUY	16/02/2017		+61%
Asian Pay Television Trust (APTT SP)	BUY	30/12/2016		+67%

Pan-Asia Equity Bottom-up

EU Ruling on Uber Levels the Playing Field with Existing Cab/Private-Hire Operators

ComfortDelgro: Re-Drawing of Ride Maps & Uberflash Are Near-Term Positives

UberFlash Drawing More Drivers Back to CD, Overhang from CCS Likely to Clear Post Uber-Grab Deal

ComfortDelgro's Acquisition of Uber's LCR and Recent Share Price Weakness Presents a Buy Opportunity

How Uber's "Loss" In London May Present a Win for ComfortDelgro

Research-Intensive Fundamental Value Advisor

Wickhams Hill

Wickhams Hill Capital is a research-intensive fundamental value advisor, on long and occasionally short investment opportunities concentrated in small and mid-cap public companies.

Equity Bottom-Up

CDG Acquiring only 12,450 vehicles, representing LCR’s active fleet with provision to acquire the balance of c.1,500 vehicles as required. Implication: higher utilisation but higher EV/vehicle cost.LCR is ring-fenced from Uber promotions. Implication: Part or all of the driver subsidies being applied to the base rental rate will be born by Uber. Although management would not disclose what that base fare was, the indicated it was below their taxi offering which is around SGD80/day at the low end…

CDG Acquiring only 12,450 vehicles, representing LCR’s active fleet with provision to acquire the balance of c.1,500 vehicles as required. Implication: higher utilisation but higher EV/vehicle cost.LCR is ring-fenced from Uber promotions. Implication: Part or all of the driver subsidies being applied to the base rental rate will be born by Uber. Although management would not disclose what that base fare was, the indicated it was below their taxi offering which is around SGD80/day at the low end…

More Details on the Deal After Management Call

Comfortdelgro Corp

More Details on the Deal After Management Call