We attended Asia Enterprise’s inaugural Shareholder’s Day to understand more about its business and outlook. Managing Director Yvonne Lee started the session by sharing more about the company’s value proposition. Asia Enterprise resells carbonated steel The company sits between steel mills and end users of steel. Steel mills usually produce steel parts in large quantities. They also have long lead times which, in conjunction, make it prohibitive for users of steel to order directly from steel mills. An example given was that of a ship builder which requires many different steel parts in varying quantities in order to build a ship.  It would not be feasible for the ship builder to order each part from different steel mills given the coordination required and the minimum quantity order required. Instead, the ship builder can get all its materials directly from Asia Enterprise and with a shorter delivery time. Asia Enterprise’s 3 ...  ...