Early in the pandemic, Vietnam had handled Covid-19 so well that its name was tossed around quite often as the new manufacturing and supply chain hub in South-East Asia. The country seemingly would stand to benefit from the inevitable economic and political decoupling between China and the western world (particularly…

Preclude Investing, at its finest, has never been about the past, because a company’s intrinsic value is essentially the aggregate discounted future cashflow that the company can generate. 2020 has been a bad year for the airline industry, to say the least. All are loss-making. Airlines either have gone bankrupt are…

Preclude It is long overdue for this article to be released, for Delivery Hero (DHER) has been included in DAX following the fallout of Wirecard. But late is better than not at all. As with many young, high-growth tech companies such as Tesla, Uber whereby the road to sustainable profitability remains…

Motivation In my last post, I have detailed my valuation for Tesla and concluded that mood and momentum are in the driver’s seat in Tesla’ incredulous ride to a price of USD 400 per share (USD 2000 per share before stock’s split), underpinning the importance of taking such factors in consideration…

Motivation This same time last year, Tesla’s share price was at USD 215, and some analyst predicted that Tesla’s share would eventually collapse to USD 10. Fast forward 1 year later, while other automakers are struggling to deal with the fallout of the pandemic that will potentially delay their plans to…

Prof. Damarodan, known as the “Dean of Valuation”, apparently does not have much respect for pricing, perhaps righteously so. By pricing he means how a stock is priced in comparison to other equites, as opposed to intrinsic valuation whereby one discounts the Free Cash Flow of a business over its…