I know the title of this article sounds a like a boast but if you bear with me and read the article to the end, I’ll reveal the investment thought process that led to why we decided to buy and, subsequently, sell our stake in Dairy Farm International.

History

Back in October 2015, I publicly presented my analysis on Dairy Farm International at InvestX Congress. Those who attended the live event would have learnt that Dairy Farm has a deep history stretching back as far as 1886. The company began selling cow’s milk as founder Sir Patrick Manson realised there was lack of dairy in the Asian diet. Within the span of ten years, Dairy Farm soon ventured into the business of rearing pigs and fowl to sell pork, poultry, and eggs in Hong Kong. As more business ventures were added to the Group, Dairy Farm grew to become a ......