Vriddhi Consulting Pte

Punit Khanna

Focused on Asian Small-mid cap market space with long term investment horizon.

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Independent Insight Provider

Equity Bottom-Up

<ul>
<li>Spindex is an illiquid but well managed company listed in Singapore</li>
<li>It trades at less than 2X EV/EBDITA multiple  while its competitor Innovalues got privatised at 9 X EV/EBDITA</li>
<li>With 60% of market cap in cash, ex-cash current assets are more than total liabilities, offering limited downside</li>
</ul>


Spindex is an illiquid but well managed company listed in Singapore
It trades at less than 2X EV/EBDITA multiple  while its competitor Innovalues got privatised at 9 X EV/EBDITA
With 60% of market cap in cash, ex-cash current assets are more than total liabilities, offering limited downside


Spindex (SPE SP) Illiquid but Very Cheap Company

Spindex Industries

Spindex (SPE SP) Illiquid but Very Cheap Company