As the title goes, this will very likely be the last new stock purchase of 2023 unless something interesting pops up in the final weeks of December. While it is unlikely, sometimes never say never. The company that I newly initiated is San Miguel Brewery HK (Hkex:0236). Like its name (SMB HK) suggest, it is a beer producer. I will address it in short form SMHK / SMBHK in the post ahead. Lets take a look at some of its latest basic financials (taking into account trading price of 0.77 HKD as of 14 December 2023) Trailing PE: 3.70 Price to Book Value: 0.46 Cash Cover Current and Non-Current Liabilities? = Yes 9 cents of free cash after Cash-Liabilities. Investment Properties Stated at Cost? = Yes. At fair value it is around 396 million more than book value. This translates to around 1.06 HKD of 'hidden' value. Of course based on above is this a buy? I think the...