Arconic was listed in 2020. During its 3 years as a public-listed company, Arconic had not been profitable. But this is a misleading picture as a significant part of the losses were due to one-off asset write-downs and restructuring charges. Without these, it would be profitable. This is not a growth stock. There are also concerns about its financial strength and the strategic value of 2 of its business segments

Alcoa is a producer of bauxite, alumina, and aluminum.
Aluminum prices are cyclical. Alcoa’s earnings would be cyclical given the strong correlation between aluminum prices and Alcoa's gross profitability.
Alcoa could generate significant operating profits under various aluminum price scenarios. However, over the past 9 years, Alcoa had a very heavy tax burden. There were taxes even if it was loss-making. During profitable years, tax rates ranged from 45 % to 108%.
There are two ways to ex...

New Toyo is a SGX listed company that is in the packaging printing business. I have been following the company for several years and I would like to summarize the current situation as follows:
New Toyo is facing challenges in its legacy packaging printing business, a mature sector, and needs growth from new ventures.
The company is considered a cigar-butt investment, with a margin of safety based on its Asset Value, but overall returns ...

There are more than 2 dozen Bursa Malaysia listed companies in the furniture industry. They accounted for about 29 % of the total Malaysian furniture production.
The COVID-19 pandemic affected most of the economies around the world in 2020 and 2021. As such, you may think that the results of the furniture companies under Bursa Malaysia would be disappointing, but you are in for a surprise.
- There was no significant revenue decline in 2021 and 202...

I carried out a fundamental analysis of the Bursa Property companies. The key findings are
The key findings based on these 85 companies are:
a) Industry revenue has been declining since 2017.  Nevertheless, the industry revenue has grown at a CAGR of 6.8 % from 2010 to 2020.
b) The industry earnings were at a standstill. The industry average PAT in 2020 is about the same as that in 2010.
b) The growth in revenue and earnings was driven b...

Stelco is a Canadian integrated steel manufacturer that was at one time part of the US Steel Group.  Its present corporate set-up followed its divestment by US Steel and a re-structuring and 2017 IPO.
Stelco is in a cyclical sector. As such, I analyzed and valued Stelco based on its performance over the cycle. The challenge with Stelco is that data was only available from its IPO year of 2017.
Given this, I took the 2018 to 2020 average values to represent the performance over the cycle. ...

An investment case study is a description of a company’s business, its prospects, risks, and an estimate of the intrinsic value. It recounts events or problems in a way that so that you can learn from their complexities and ambiguities.
There are two ways for you to learn from the case study
a) Passively by merely looking at how it has been analyzed and valued. You can use this as a template for your own analysis and valuation
b) Actively by trying to ana...

The Group comprises 3 listed entities. Although UOA Ltd is dual-listed in Australia and Singapore, the bulk of the operations and earnings are from Malaysia.
The Malaysian property market has been soft over the past few years. This has resulted in a decline in revenue and earnings for the industry. UOA performance followed similar downtrends. But while there are signs of a turnaround over the past 2 years, UOA performance has yet to follow
UOA is on...

From a risk mitigation perspective, you should hold a diversified portfolio. This means stocks in different sectors as well as in different countries.
One the sector and country that I am currently hunting in are US listed companies.
Constellium SE (NYSE:CSTM) is a global aluminum company that IPOed in 2013. It had a challenging performance during the first few years. But the past few years' results seem to suggest that it has turned around.
But CSTM is a cyc...