Investing For Value

Value Investing Case Study 110-1: A fundamental analysis of PPB Group Bhd to assess how much of its value depends on its core operations.         

Tips E-10: A 1-minute summary of my fundamental analysis of Deckers Outdoor Corporation (NYSE: DECK)   Investment Thesis Deckers is a high-quality footwear company achieving double-digit organic growth in typically slow-growth sectors. Driven by brand strength, operational excellence, and disciplined capital management, Deckers has outperformed peers. Even after factoring tariff risks, the stock remains undervalued. Main Business Deckers markets lifestyle and performance footwear under brands like UGG, HOKA, Teva, and Sanuk. Its business model is marketing-led and asset-light, with manufacturing outsourced to independent Asian suppliers.  Growth Post-2020, Deckers achieved an impressive 18% annual revenue growth, all organically. This acceleration came from HOKA’s expansion, year-round repositioning of UGG and Teva, and stronger e-commerce capabilities.  Profitability Earnings have grown more than twice as fast as sales due to leverage on fixed costs and margin ex...

Value Investing Case Study 109-1: A fundamental analysis of Maxis Bhd to assess whether this is a quality-at-a-reasonable-price investment.  

Tips E-09: A 1-minute summary of my fundamental analysis of Daktronics Inc. (NASDAQ: DAKT) Investment Thesis Daktronics is a solid, cash-generative business with structural improvements post-2021 due to pricing gains and operational efficiencies. However, its historically high effective tax rate offsets much of this progress, resulting in no margin of safety at current prices. Main Business Daktronics has evolved from a niche scoreboard maker into a provider of digital visual communication systems. The company is mainly US-centric and holds roughly 9 % to 13% market share in the domestic digital signage market - a single-digit growth industry. Growth Growth was driven by pricing actions, larger project wins, and recovery in supply chains. Asset turnover rose reflecting improved efficiency. Still, long-term revenue CAGR remains modest at 3.8%. Profitability Margins have improved but lack a clear upward trend. Gross profit margin rose, while SG&A expenses steadily declined....

Value Investing Case Study 108-1: A fundamental analysis of KLCC Stapled Group to assess whether its great assets can deliver good upside for investors.