Super Companies-- First Cut

The following companies are what I see as “super companies.” They managed high returns on assets, on a 5 years or more basis. Their place in this list does not mean that they are priced right—which is the cornerstone of value investing, buying stocks are the right price. The other precaution is that returns mentioned here does not refer to cash returns. This should be used as the first cut.

Singapore

• Sheng Siong (OV8)
• SGX (S68)
• Micro-Mechanics (5DD)
• Riverstone (AP4)

Hong Kong

• HKEX:1382 - Pacific Textiles Holdings Limited - Declining business.
• HKEX:586 - China Conch Venture Holdings Limited - inconsistent FCF
• HKEX:8138 - Beijing Tong Ren Tang Chinese Medicine Company Limited - nice but too pricy at the moment.
• HKEX:303 - Vtech Holdings Limited - no growth in earnings
• HKEX:1126 - Dream International Limited - nice company.
• HKEX:1234 - China Lilang Limited
• HKEX:2283 - TK Group (Holdings) Limited
• HKEX:2020 - ANTA Sports Products Limited
• HKEX:1093 - CSPC Pharmaceutical Group Limited
• HKEX:837 - Carpenter Tan Holdings Limited
• HKEX:3918 - NagaCorp Ltd
• HKEX:1999 - Man Wah Holdings Limited - statistically good but not cheap
• HKEX:52 - FAIRWOOD HOLD
• HKEX:1830 - PERFECT SHAPE - vested.

Early promises (2-3 years of high ROA)

Singapore

• HG Surgical (1B1)
• MM2 Asia (1B0)
• TalkMed (5G3)

Hong Kong

• HKEX:6858 - Honma Golf Limited
• HKEX:520 - Xiabuxiabu Catering Management (China) Holdings Co., Ltd.
• HKEX:1523 - Plover Bay Technologies Limited
• HKEX:1345 - China Pioneer Pharma Holdings Limited
• HKEX:1500 - In Construction Holdings Limited
• HKEX:2138 - Union Medical Healthcare Limited
• HKEX:1572 - China Art Financial Holdings Limited
• HKEX:799 – IGG
• HKEX:6822 - Kings Flair International (Holdings) Limited
• HKEX:1513 - LIVZON PHARMA

Such companies definitely have attracted the eye balls of investors—whether the business is generating cash, or that it is priced right—is another matter.