A proper investment thesis should include the company’s competitive moat, its catalysts, along with its risks. The moat protects a business from competitors and represents a key reason why the company is attractive to look into. Catalysts make up the growth drivers of the business. Risks highlight what could go wrong and what may derail the company’s growth plans. When we look for growth, the focus should be on the type and nature of the catalysts. Some catalysts may take a long time to play out, while others could be more immediate. As investors, it is important to scrutinise each catalyst to determine its impact on the company. When looking at businesses, the best type of catalyst is one that will happen fairly soon, and will also have a significant positive impact on the business. Here are two Singapore companies that we feel have such catalysts, and could go on to deliver stellar returns for their investors....