MDR, Rowsley

MDR: http://www.reuters.com/finance/stocks/financialHighlights?symbol=MDRT.SI

P/E Ratio (TTM) 15.12
Price to Sales (TTM) 0.32
Price to Tangible Book (MRQ) 2.61
Price to Cash Flow (TTM) 14.83
Quick Ratio (MRQ) 1.54
Current Ratio (MRQ) 2.32
Interest Coverage (TTM)  120.56
Almost no debt
Gross Margin (TTM) 9.89%
Net Profit Margin (TTM) 1.83%

Not a value play by the above ratios. However, we should look at MDR as a Myanmar telco play as it looks likely (not 100% certainty though) that MDR will become 1 of 4 telco in future. Myanmar has a population of 48m.


Rowsley: http://www.reuters.com/finance/stocks/financialHighlights?symbol=ROWS.SI

It is an investment holding company held by Billionaire Peter Lim. Find out more about them at the company website: http://www.rowsley.com/about-us/

From publicly available news, it is entering a joint venture with another company that is 30% owned by the Johor Royalty and is purchasing a piece of land in Iskandar for development. It will also be acquiring a property developer firm for this purpose through the issue of shares at $0.15 each.

NAV of each share is reported as $0.0372 in the 2012 annual report.

Again not a value play, but the propects of investing in Iskandar is interesting and the potential partnership looks strong. However, the investment capital required for the development is going to be huge and thus there's a good chance that Rowsley will raise capital in the future. Thus will need to have spare cash to pump in if necessary.