This post is originally posted on my Substack. Subcribe for free to support me!
$Mapletree Ind Tr (ME8U.SG)$ used to be the lesser among the Mapletree REITs.
If I could rewind the clock back to 10 years ago, back then Mapletree Pan Asia Commercial Trust (N2IU) (formerly known as Mapletree Commercial Trust) and Mapletree Logistics Trust (SGX: M44U) were the talk of the town.
One boasts crown jewel properties in the likes ...

This post is originally posted on my Substack. Subcribe for free to support me!
If I am ever to asked to write a book on how REIT managers should run a REIT well, I would definitely look at $LINK REIT (00823.HK)$ as the gold standard.
The unit price of Link might not be reflecting the inputs and efforts of the REIT manager, but when I had the opportunity to read up both Link and $Mapletree PanAsia Com Tr (N2IU.SG)$ investor rela...

This post was originally published on my Substack. Subscribe to get more updated posts!
While I was deep-diving into $Caterpillar (CAT.US)$ , the company boasting its vast dealership network became a question rather than a strong selling point of the company. It also linked me to question other industries that adopted the same framework - why are heavy machineries and automakers adopting the dealership framework rather than sell...

This post was originally posted on my Substack. Subscribe to support me!
Quality over valuation.
Buy great businesses at fair price instead of fair businesses at great prices.
The tenet of proper investing has always been clear and straightforward.
It was also drilled strongly into me after I bought a local Malaysian steel mill 9 years ago, and closed the position just last month at a loss.
Ever since then, I believe I am on the right path, with successf...

This post was originally posted on my substack. Please subscribe and support my work.
Elon Musk is definitely one of a kind.
He sports the traits that every hyper growth investor would look for when free cash flow of a company is non-existent, yet with revenue doubling year on year.
Eccentric. Charting uncharted waters. Loud. Making the impossible possible.
I believe everyone has their own fair share of experience of friends, analysts, or even YouTubers g...

This article is originally published on my Substack. Subscribe and support my work!
For those who don’t know me or $Linde (LIN.US)$ much, I hope to kill 2 birds with this one post.
My memory of Linde stretches back to 2007 when I was still a food technologist undergraduate undergoing an internship at a reputable food manufacturing plant.
The plant I interned at manufactures semi-finished meat patties for $McDonald's (MCD.US)$ for the Malaysia, Singapore and Middle E...

*This article originally appeared on mykayaplus.com
$Mapletree Ind Tr (ME8U.SG)$ is trading at its 52-week low of S$ 2.10 per share.
If you have been invested in the REIT for the last 5 years, you would be scratching your head as MIT did indeed rope in a 40% appreciation in unit price. As of now, you would be looking at a minor unrealized loss.
Source: Google Finance
Whether it's an opportunity or a trap, let's take a look at its latest...

*This article originally appeared on mykayaplus.com
$Mapletree PanAsia Com Tr (N2IU.SG)$ better known as MPACT, is on the news. It is in the process of divesting Mapletree Anson. It will be for a consideration of S$ 775 million, a premium of S$ 10 million on top of independent valuation.
Needless to say, the market took it very positively.
The pros and selling points of the divestments
Since the management already has a d...

This is by no means an anti-thesis article against $Nike (NKE.US)$ and $adidas AG (ADDYY.US)$. But today’s footwear/sneaker market is far from the Nike and Adidas duopoly 10-20 years ago.
As I slowly observe more HOKA (by $Deckers Outdoor (DECK.US)$) and $On Holding (ONON.US)$ taking the streets and news headlines, I can’t help but wonder if this is the beginning of the end of both Nike and Adidas.
The thought process of running...

It’s not common to see a theme park or leisure business made readily investable for the retail masses.
On the KLCI exchange, there is only one - $GENM (4715.MY)$. And then there is $Straco (S85.SG)$. Both companies are big players in the entertainment, hotel, and theme park business. Genting, as the name implies, owns and runs Genting Highlands, while Straco owns and runs the Singapore Flyer, Shanghai Ocean Aquarium, and other major attractions in Chin...