Credit Bureau Asia has been a stock that we are interested in since its IPO in December 2020 at 93 cents. However, the price has been on an upward trajectory that we missed the move to $1.58 as our value investor mindset sets in.
However, recently the price has dropped back to $1 and it stirs up our interest to take a second look at their business to see if our original bullish thesis is still valid.
Source: Moody's Website
As per our title, when we saw the prospectus of Credit Bureau Asia (CBA), we thought of it as the Moody's of South East Asia where it is providing credit reports and business data to help companies make better decisions. The only thing that might be different would be the pedigree as Moody's was established in 1909- CBA was founded in 1995.
Also, Moody's have the research arm and ability to issue credit rating for corporate bonds but CBA does not have this capability....