RoW #1; OTBT RoW Introduction
A new section you can opt-out of >> Off-The-Beaten-Track, Rest of World stocks. Stocks from outside of Hong Kong... and some other geographies
1. Intro
1.a. Jam_invest up to now
Lately, when looking for new stock ideas, I am mostly looking for (sustainable) dividend payors to build a diversified dividend income stream that covers a lot of my living expenses, and to create additional financial flexibility … for instance to snowball those divies into additional investments.
Naturally, I do not shy away from looking into absurd-cheap stocks and compounders either… when I come across any contenders.
On this substack, I post a lot of notes and other things (financial model templates, (excel) tutorials, company analyses, et cetera) that I find useful for searching and monitoring ideas. As long as I find a company/stock interesting, I will try to dig further into it to assess whether it deserves a big(ger) position in my portfolio (or small/exit for that matter).
In the past 1.5 year or so, I have found an outsized number of ideas in Hong Kong. I have, however, also been trying to find more ideas outside my main buckets of Hong Kong, Europe, Canada and the U.S.
1.b. Rest of World
Now, I am introducing the Off-The-Beaten-Track, Rest of World or OTBT RoW section, for those very ideas. As usual, you can opt-out of this sub-section as you please.
You may not be interested in stocks from these geographies, or you may simply not have broker access. In those cases, save yourself the inbox clutter, and easily opt out here…
https://jaminvest.substack.com/account …
on the website, by turning the on/off button to the LEFT, as shown below…
1.c. First up
For those of you that are still here…
…first up in the new section is a handful of Malaysian small-/microcaps. My initial impression is that smaller Malaysian stocks are not that absurd-cheap as (the smaller) HK 第部分. It is definitely not as wonderfully attractive as when I started re-visiting Hong Kong, late 2023.
Nevertheless, in Malaysia, I do see companies with solid (net) financial assets value (FAV). Just not as extreme as in Hong Kong, where loads of companies have a market cap that is significantly, if not completely, covered by FAV. Malaysian companies do very often have very generous capital allocation histories. Mid-single-digit % and above dividend yields, regularly along with some share buy-backs are not un-usual. The advantage of Bursa Malaysia is that the portion of real-estate and dying structurally-challenged businesses seems a lot lower than in HK.
Below, you find some initial notes on five companies that I thought were interesting for my Malaysian watchlist, longer-term. I have definitely not gotten around understanding these businesses completely… and it will probably be quite a pain to gain a decent understanding given limited information disclosures.