Is Sim Leisure the next hidden gem of the SGX?
It’s not common to see a theme park or leisure business made readily investable for the retail masses.
On the KLCI exchange, there is only one - $GENM(4715.MY$. And then there is $Straco(S85.SG$. Both companies are big players in the entertainment, hotel, and theme park business. Genting, as the name implies, owns and runs Genting Highlands, while Straco owns and runs the Singapore Flyer, Shanghai Ocean Aquarium, and other major attractions in China.
In 2019, a company with end-to-end expertise in designing, building, and operating theme parks was listed on the Catalist of Singapore Exchange. The name of the company might not ring any bell, but the accolades and projects managed by the company are familiar.
The stock price of Sim Leisure Group Ltd $Sim Leisure(URR.SG$ has surged more than 220% as of the time of writing. So are there more legs to the rally? Can this David go against the Goliaths in the industries?
The Growth of Sim Leisure
Sim Leisure is the brainchild of Dato Sim Choo Kheng, a Penangnite who has more than 30 years in the Leisure industry.
Previously a Manager at the famed Penang Butterfly Park, Dato Sim eventually set up his own company, which then took on multiple projects from water and theme parks around the world. His first project from an interview I chanced upon, was none other than the Bukit Merah Water Park, just a quick drive from my home town Taiping.
To read more, head over to here
DISCLAIMER
The information available in this article/report/analysis is for sharing and education purposes only. This is neither a recommendation to purchase or sell any of the shares, securities, or other instruments mentioned; nor can it be treated as professional advice to buy, sell or take a position in any shares, securities, or other instruments. If you need specific investment advice, please consult the relevant professional investment advice and/or for study or research only.
The information available in this article/report/analysis is for sharing and education purposes only. This is neither a recommendation to purchase or sell any of the shares, securities, or other instruments mentioned; nor can it be treated as professional advice to buy, sell or take a position in any shares, securities, or other instruments. If you need specific investment advice, please consult the relevant professional investment advice and/or for study or research only.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Co-founder, chief editor and analyst of mykayaplus.com
6715Followers
13Following
7482Visitors
Follow