In August, I was fiddling with SGX’s stock screener when I came across Tat Seng Packaging (TSP). Since I’ve built a full position on it, I will write about my thought process behind the investment. This is my first investment in a small cap company using my layman analysis. I must say it has been a frustrating process so far. Most of the small caps I looked at turned out to be junk, too complicated for me to understand, or too expensive. I was about to return to the comfort of analyst reports and large caps when TSP passed my screening. Before we proceed, I would like to remind you that I hold shares in this stock and therefore have a vested interest in it. Instead of just a usual disclosure, I would like to give you a WARNING. The company I am about to discuss is a small...