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

HK Watch Retailers: The Good, The Bad & The Ugly

Farfetch IPO: Tough Enough in Luxury E-Commerce to Fend Off Encroachment by E-Commerce Giants?

Revolve IPO Preview (Part 1): Influence, Rinse, & Repeat

Oriental Watch: +55% in Last 5 Months; Several Data Points Suggest More Upside Ahead

Oriental Watch: 0.45x Book, 2x 2018 Ex-Cash P/E, 78% of Mkt Cap Is Cash; 10% Dividend Likely in 2018

Oriental Watch Rally Barrier and Fade Levels

Oriental Watch Bullish Resolution and Action Points

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/19950" target="_blank" data-smartkarma-citation="entities:19950:1">Oriental Watch Holdings (398 HK)</a> released <a href="http://www.orientalwatch.com.hk/owh/pdf/180621/ew0398ann-20180621.pdf" target="_blank">results</a> on 21/6 and held an analyst briefing on 22/6. While the shares opened up sharply higher (2.75 HKD) they ended Friday down 2% at 2.47 HKD. Mr.Market works in mysterious ways sometimes.</p><p>Since my first write-up in December 2017 the shares are up 42% but on a fundamental basis, the shares are still as cheap as when I first wrote about them. Cash is still 71% of market cap, P/E ex-cash is still at only 2.9x and the dividend payout is now 100% and…</p>

Oriental Watch Holdings (398 HK) released results on 21/6 and held an analyst briefing on 22/6. While the shares opened up sharply higher (2.75 HKD) they ended Friday down 2% at 2.47 HKD. Mr.Market works in mysterious ways sometimes.Since my first write-up in December 2017 the shares are up 42% but on a fundamental basis, the shares are still as cheap as when I first wrote about them. Cash is still 71% of market cap, P/E ex-cash is still at only 2.9x and the dividend payout is now 100% and…

Oriental Watch: Remains Cheap at 0.6x P/B; 2.9x Ex-Cash P/E; 9.3% Div Yield & Cash Is 71% of Mkt Cap