Shares & Derivatives
Haw Par Corp: Money hiding in plain sight
By Singapore Stock Picker  •  August 1, 2020
I got introduced to a value stock recently, Haw Par Corporation (HPC) with ticker code H02. I took a look and liked what I saw. As a result, I decided to collect some of its shares. In this post, I will describe my thinking process behind it. As usual, please take my words with a pinch of salt. I have vested interest in the company. I am also just a DIY investor and may be totally wrong. With the disclaimer out of the way, let’s examine what the company does.

Company Background

HPC is perhaps best known as the manufacturer of Tiger Balm, a traditional Chinese medicine brand. However, HPC is primarily an investment company first and foremost. Tiger Balm comes next, then tourist operations third. The following pie charts show where HPC earns income from. Source: Haw Par Annual Report 2019 First of all, HPC owns a substantial number of UOB and UOL shares. In case you are unfamiliar...
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By Singapore Stock Picker
I am a full time electronics engineer at a government linked company in Singapore. I enjoy most of my work and it pays reasonably well. However, I dislike waking up early and following a 9am-5pm lifestyle. That’s why I started picking up investing. I want to end up retiring from full time work by 40 and having the option to not being a slave to any company ...
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