Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

A Long & Short Investment Ideas generator for Asian Equities with 10 years experience in a Hedge fund focused on bottom-up ideas, searching out mispriced ideas and misunderstood investment thesis. Provides on-the-ground insights in various Asian markets with a sway towards ASEAN. Experienced and survived the Asian Financial Crisis in a family business, as well as the Global Financial Crisis in financial markets where lessons learned. It's all about understanding business drivers and navigating business cycles, which has high applicability in generating investment ideas. 

Investment horizon: Mid to Long term

Asian Insight Provider - Actionable ideas

Equity Bottom-Up

Health And Happiness (H&H) / Equity Bottom-Up

<table class="table table-striped"><tbody>
<tr>
<td>Summary</td>
<td style="text-align: right;">YoY changes</td>
</tr>
<tr>
<td>Sales</td>
<td style="text-align: right;">35%</td>
</tr>
<tr>
<td>Cost of inventories sold</td>
<td style="text-align: right;">28%</td>
</tr>
<tr>
<td>wages and salaries</td>
<td style="text-align: right;">22%</td>
</tr>
<tr>
<td>Staff welfare and other exp</td>
<td style="text-align: right;">-69%</td>
</tr>
<tr>
<td>Sales and distribution exp</td>
<td style="text-align: right;">11%</td>
</tr>
<tr>
<td>Profit Before Tax</td>
<td style="text-align: right;">12%</td>
</tr>
<tr>
<td>Account Receivable</td>
<td style="text-align: right;">-17%</td>
</tr>
<tr>
<td>Inventory</td>
<td style="text-align: right;">-9%</td>
</tr>
</tbody></table><div class="content-caption">source: company data</div><p>Above is the excerpt of the full year 2016 result announcement of Biostime that came out yesterday which is quite encouraging for the following reasons:</p><p>1.  Sales increased by 35% despite competition from the cross-border e-commerce as the Chinese government delayed the decision to increase…</p>



Summary
YoY changes


Sales
35%


Cost of inventories sold
28%


wages and salaries
22%


Staff welfare and other exp
-69%


Sales and distribution exp
11%


Profit Before Tax
12%


Account Receivable
-17%


Inventory
-9%

source: company dataAbove is the excerpt of the full year 2016 result announcement of Biostime that came out yesterday which is quite encouraging for the following reasons:1.  Sales increased by 35% despite competition from the cross-border e-commerce as the Chinese government delayed the decision to increase…

Health And Happiness (H&H)

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