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Watchlist for March 2018


Recent Updates: I have liquidated my holdings in Starhub for a loss. I am forcing myself to be disciplined by closing out my positions from my legacy portfolio and investing them in stocks that I see potential based on my new found approach to investing.

Below are the stocks that I will be considering for my purchase in March. I will be looking to acquire 2 stocks. The ranking below is based on a total of 42 stocks that fit my criteria as of writing this post.

Delong Holdings Limited (SGX:BQO)

Market Cap: SGD 425mn
EBIT/Enterprise Value: 105.3% (Ranked 1st)
EBIT/(Net working capital + Net Fixed Assets): 51.7% (Ranked 7th)
Business Description: Delong Holdings Limited is an investment holding company. The Company is principally engaged in the manufacture and sale of hot-rolled steel coil (HRC), with the People's Republic of China as its principal market. The Company operates through manufacture and sale of hot-rolled steel coils and billets segment. The Company's other operations include finance leasing. The Company offers products, such as HRC ranging from 350 to 1,250 millimeters in width and 1.4 to 25 millimeters in thickness. The products are used for the infrastructure, pipe-making and machinery industries. The Company also exports some of its products to overseas markets, such as South Korea, Vietnam and Indonesia. Its subsidiary, Asia Paragon International Limited, is an investment holding company. The Company's subsidiary, Dexin Steel Pte Ltd, is a steel trading and procurement company.

VICOM Limited (SGX:V01)

Market Cap: SGD 533mn
EBIT/Enterprise Value: 7.1% (Ranked 12th)
EBIT/(Net working capital + Net Fixed Assets): 94.7% (Ranked 2nd)
Business Description: VICOM Ltd. is a Singapore-based investment holding company. The Company's principal activities include the provision of motor vehicle evaluation and other related services. The Company, along with its subsidiaries, is engaged in the business of testing services, which include the provision of motor vehicle inspection services and provision of non-vehicle testing, inspection and consultancy services. The Company also provides various services, such as vehicle assessment, emission test laboratory, motor insurance, road tax renewal and other services. The other services include car evaluation, vehicle inspection and type approval system (VITAS), In-vehicle unit service, speed limiter check, chassis dynamometer smoke test , tinted glass check, car buying tips or maintenance talks, and consultancy or business opportunities. Its subsidiary, Setsco Services Pte Ltd, is engaged in providing testing, calibration, inspection, consultancy and training services.


Breadtalk Group Limited (SGX:5DA)

Market Cap: SGD 473mn
EBIT/Enterprise Value: 6.5% (Ranked 15th)
EBIT/(Net working capital + Net Fixed Assets): 62.6% (Ranked 3rd)
Business Description: BreadTalk Group Limited is a Singapore-based investment holding company. The Company is engaged in the provision of management services. The Company has organized its business units based on the products and services, and has three operational segments, such as the bakery segment, the food court segment and the restaurant segment. The bakery segment is engaged in the business of manufacturing and retailing of all kinds of food, bakery and confectionary products, including franchising. The food court segment is involved in the management and operation of food courts, and food and drinks outlets. The restaurant segment is engaged in the business of operating food and drinks outlets, eating houses and restaurants. Its subsidiaries include BreadTalk Pte Ltd, which is a baker and manufacturer of and dealer in bread, flour and biscuits; Together Inc. Pte Ltd; Star Food Pte Ltd, and BTG Vault Pte.Ltd., which is engaged in acquiring and holding of intellectual property rights.

First Sponsor Group Limited (SGX:ADN)

Market Cap: SGD 873mn
EBIT/Enterprise Value: 9.3% (Ranked 7th)
EBIT/(Net working capital + Net Fixed Assets): 15.3% (Ranked 12th)
Business Description: First Sponsor Group Limited (FSGL) is a Singapore-based investment holding company. The principal activities of the Company's subsidiaries are those relating to investment holding, property development and sales, property investment, hotel ownership and operations, and provision of property financing services. Its segments are Property development, Property investment, Property financing and Hotel operations. The Property development segment includes the development and/or purchase of properties for sale. The Property investment segment includes the development and/or purchase of investment properties for lease. The Property financing segment includes the provision of entrusted loans through entrustment banks and financial consultancy services. The Hotel operations segment includes the hotel ownership. Its subsidiaries include Chengdu Industries Pte. Ltd., First Kaiser Company Limited, First Sponsor Management Pte. Ltd. and First Sponsor Investment Limited.

Asian Pay Television Trust (SGX:S7OU)

Market Cap: SGD 819mn
EBIT/Enterprise Value: 6.6% (Ranked 14th)
EBIT/(Net working capital + Net Fixed Assets): 58.8% (Ranked 5th)
Business Description: Asian Pay Television Trust (APTT) is a Singapore-based trust, which focuses on pay-television (pay-TV) businesses. The Company is engaged in the cable television (TV) and broadband services in Taiwan. The Company has an investment mandate to acquire controlling interests, and to own, operate and maintain mature, cash generative pay-TV and broadband businesses in Taiwan, Hong Kong, Japan and Singapore. The Company's investment portfolio consists of Taiwan Broadband Communications Group (TBC Group), a Taiwan-based cable television operator. APTT is managed by Macquarie APTT Management Pte. Limited (MAMPL or the Trustee Manager), which is a subsidiary of Macquarie Capital Group Limited.

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