Research from Value Investing, Value Investing

Value Investing

I am a value investor. "Value", as defined in Value Investing, is simply the act of buying something for less than its worth.  I treat my equity investment as a loan to the business - where the priority is to get back my principal in full, rather than achieving maximum yield. I consider my equity investment as a slightly higher risk loan extended to the business with slightly more accommodative loan covenants - hence justifying a slightly higher yield. While I identify as a value investor and cover all stocks and macro topics indiscriminately, most of my research will have an ASEAN bent as that’s where I’m geographically located.

Research from Value Investing

I am a value investor. "Value", as defined in Value Investing, is simply the act of buying something for less than its worth. I treat my equity investment as a loan to the business - where the priority is to get back my principal in full, rather than achieving maximum yield. I consider my equity investment as a slightly higher risk loan extended to the business with slightly more accommodative loan covenants - hence justifying a slightly higher yield. While I identify as a value investor and cover all stocks and macro topics indiscriminately, most of my research will have an ASEAN bent as that’s where I’m geographically located.

Equity Bottom-Up

<ul>
<li>Forrest Li: "Look How They Massacred My Boy" When CEO Forrest Li announced SEA Ltd’s Q2 results in mid-August, he was probably expecting a pat on the back.</li>
<li>After all, the team at SEA Ltd had slogged through fire and brimstone over the past year trying to bring the company back to profitability.</li>
<li> And to their credit, they had actually successfully done so against all odds, as evidenced by the opening statement of their 23Q2 results.</li>
</ul>


Forrest Li: "Look How They Massacred My Boy" When CEO Forrest Li announced SEA Ltd’s Q2 results in mid-August, he was probably expecting a pat on the back.
After all, the team at SEA Ltd had slogged through fire and brimstone over the past year trying to bring the company back to profitability.
 And to their credit, they had actually successfully done so against all odds, as evidenced by the opening statement of their 23Q2 results.


Sea

SEA Ltd: The Prodigal Son (2Q deep-dive)