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

3Q17 Results - Higher Growth and Looming Dividend

Inaugural Dividend Is a Harbinger of Things to Come

ASEAN Small-Micro Cap – Winners, Losers and Opportunities for 2018

Assessing the Implications of Phoenix Petroleums Entry to Philippines LPG Market on Pryce Corp

DEEP DIVE: Riding the Second Wave in Pryce Corp for Another 146% Upside

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

<a href="https://www.smartkarma.com/entities/23216" target="_blank" data-smartkarma-citation="entities:23216:1">Pryce Corp (PPC PM)</a> announced 9M17 net profit of PHP 942.7m, more than they achieved for the entire FY16. Although the company did not disclose gas volumes and revenue, we believe this was achieved on 155,7000MT and PHP 6.46bn respectively.Through recently speaking with management we discovered that volume growth in Luzon has slowed in favour of raising gross distribution margins from PHP2 to 4. This could account for an additional profit of PHP60-70m per quarter, according to our calculations.…

Pryce Corp (PPC PM) announced 9M17 net profit of PHP 942.7m, more than they achieved for the entire FY16. Although the company did not disclose gas volumes and revenue, we believe this was achieved on 155,7000MT and PHP 6.46bn respectively.Through recently speaking with management we discovered that volume growth in Luzon has slowed in favour of raising gross distribution margins from PHP2 to 4. This could account for an additional profit of PHP60-70m per quarter, according to our calculations.…

Pryce Corp

PRYCE 9M 2017 NET INCOME UP 32% YoY