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HPAR SP - Haw Par

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Haw Par is an Asian holdco trading at a substantial discount with high quality assets (analgesic EM consumer company Tiger Balm, used by tiger moms everywhere to cure all ills and Singaporean bank UOB, along with some other stuff). The controlling family has not, to my knowledge ever done anything to indicate mistreatment of minority inveators.


I will let the third party writeups do the talking. With most pitches like this, I admittedly just do some verification, buy a small position, and don’t do much else. It’s a well capitalized company that pays a little divvy and owns good assets.


I don’t have any real value to add beyond the writeups.


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