I did not find this copany with a systematic screener, that is for sure. I found GTS when …
I read this tweet about the crazy option trading in Tesla shares on Oct 26th with Tesla hitting $1trn and wondered which companies might benefit. I remembered another tweet about market structure from a few days ago. I looked for GTS and found this Vietnamese company (GTS VN). A single digit PE and a 20% yield got me interested …
Saigon Traffic Construction Jsc provides infrastructure development and construction services. Sadly, I do only find this website and I did not find any IR materials. If financials are to be trusted, this could be really interesting…
- Marekt Cap: USD 15m equivalents
- EV: USD 6m
- P/E 7.5x
- Net income grew steadily from 1.1m in 2016 to 1.9m in 2020
- though, cash conversion was negative before 2020
- Indicated yield: 20%
When i visited Vietnam in 2016, the country was quickly changing. More and more goods are transported by truck and boats — the traditional means of transportation — are disappearing as more bridges are build and infrastructure is vasty improving. As tourists, it is nice to experience the floating markets, which were already only a third of there size in 2016. So, the potential for the firm to benefit from a construction boom seems to be there.
I hope you enjoyed this primer and give me a hint if you know of the company’s website / IR materials / insights.