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Cardig Aero Services
#1
Found this company following the IPO of the maintenance arm of Garuda Indonesia, GMFI - Garuda Maintenance Facility Aero Asia. (which has been a roller coaster since IPO   Big Grin

This company number looks more reasonable at 11.7x P/E only vs >14x P/E for GMFI  Tongue
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#2
Invested by SATS (Singapore) few years back. 2 biggest assets are also held by SATS and SIA.. parents multiples at >20x P/E!  Big Grin
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#3
(11-11-2017, 08:09 PM)Jun77 Wrote: Invested by SATS (Singapore) few years back. 2 biggest assets are also held by SATS and SIA.. parents multiples at >20x P/E!  Big Grin

Furthermore, this is an Indo assets.. should see more growth coming from this side!  Wink  Wink
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#4
Both parents results were driven by associate. is it because of this one?

SATS: 56.5% increase in share of after tax profit from associates / JV
SIA: 33.1% increase in share of after tax profit from associates / JV
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#5
Price is picking up guys..  Big Grin
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#6
http://www.businesstimes.com.sg/companie...for-growth

'JOINT ventures (JVs) and associates proved a valuable growth driver for groundhandler Sats in its recently reported financial quarter, and this trend will likely continue.'
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#7
more tourism in Indo = more flights = more revenue

fundamental is solid but small float might be an issue
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#8
Got bali volcano eruption last night.

So far airport still operate as per normal..

http://www.bbc.com/news/world-asia-42070362
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#9
For Soekarno Hatta airport (largest airport in Indonesia) 2017 recorded growth of +8% YoY for both number of passengers and plane movement..

awesome!

https://www.cnnindonesia.com/ekonomi/201...tahun-lalu
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#10
Price is back to square one while performance remained strong.. time to collect more..  Cool

-vested-
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