Value Investing - Expand Your Circle Of Competence: How to Analyze Stocks from 3 Profitable & Unique Industries. A Practical Guide with Case Studies

1 Table of contents 2 Our Story 2.1 Kelvin 2.2 Jonathan 3 Financial Terms & Metrics 4 Case Studies 4.1 Auric Pacific 4.2 Hi-P International 5 Lessons & Failures In Our Journey 5.1 Delong Holdings 5.2 InnoTek 5.3 Atwood Oceanics 6 Retail Industry 6.1 Risk 6.2 Same-Store Sales (SSS) Growth 6.3 Inventory Turnover Days 6.4 Local and International Expansion 6.5 Shopping Experience 6.6 Summary 7 Banking Industry 7.1 Revenue Segments 7.2 Loan portfolio 7.2.1 Loan by Geography 7.3 Quality Of Loans 7.3.1 Non-Performing Assets / Total Loans 7.3.2 Net Charge-Off Rate % 7.3.3 30 Days Past Due / Total Loans 7.3.4 Loan-to-Value 7.4 Key Metrics 7.4.1 Net Interest Margin 7.4.2 Growth in Deposits 7.4.3 Return on Assets % 7.4.4 Efficiency Ratio 7.5 Remuneration Policy 7.6 Valuation 7.6.1 PE/ROTE 7.7 Summary 8 REITs Industry 8.1 Structure of REITs 8.1.1 Unitholders 8.1.2 Debt 8.1.3 Sponsor 8.1.4 REIT Manager 8.1.5 Property Manager 8.1.6 Trustee 8.2 Advantages 8.2.1 Management 8.2.2 Maintenance 8.2.3 Low Barrier to Entry 8.2.4 Tax 8.2.5 Diversification 8.3 Criteria for reits 8.3.1 Portfolio of Properties 8.3.2 Gearing Ratio 8.3.3 Debt Maturities 8.3.4 Cost of borrowing 8.3.5 Interest Coverage 8.3.6 Occupancy Rate 8.3.7 Weighted Average Lease Expiry 8.3.8 Increasing Distribution Per Unit 8.3.9 Property Yield 8.3.10 Yield-Accretive Assets 8.3.11 Increasing Net Asset Value 8.4 Types of REITs 8.4.1 Retail REITs 8.4.1.1 Anchor Tenants 8.4.1.2 Asset Enhancement Initiatives (AEI) 8.4.1.3 Triple Net Lease 8.4.2 Industrial REITs 8.4.2.1 Nature of Industrial REITs 8.4.2.2 Types of Industrial Properties 8.4.2.2.1 Business and Science Parks 8.4.2.2.2 Integrated Development Amenities and Retail 8.4.2.2.3 Hi-Specs Industrial 8.4.2.2.4 Light Industrial 8.4.2.2.5 Logistics 8.4.3 Office REITs 8.4.4 Healthcare REITs 8.4.4.1 Features of Healthcare REITs 8.5 Valuation 8.5.1 Distribution Yield 8.5.2 Price-to-Book Value/Unit 8.6 Summary 9 Hotel Industry 9.1 Operational Leverage 9.2 Risk 9.3 Asset Turnover 9.4 Track Record of Rooms Growth and Pipeline 9.5 Average Daily Rate (ADR) & Revenue Per Available Room (RevPAR) 9.6 Summary 10 How To Get Started 10.1 How To Use CIMB Screener 11 References 11.1 Case Studies 11.1.1 Auric Pacific 11.1.2 Delong Holdings 11.1.3 Innotek 11.1.4 Atwood Oceanics 11.2 Bank 11.3 Retail 11.4 REIT 11.5 Hotel