In Singapore, there are a number of listed companies that have a very wide economic moat. I will point out of some the companies that I like.
Very wide economic moat companies
SGX – Only stock exchange in Singapore. A monopolistic business
SMRT – Provider of the train and bus services in Singapore. A monopolistic business.
Capitaland – Owns lots of prominent residential, commercial, office buildings in Singapore and other countries
SPH – Owner of lots of newspapers and magazines in Singapore and owns 20% of Mediacorp as well. A monopolistic business.
SATS – Provides most of the airport services in Singapore
ST Engineering – Provides engineering services especially to the defence sector in Singapore
SIA Engineering – Engineering arm of SIA, which is involved in the Aviation Maintenance, Repair and Overhaul (MRO) sector.
DBS Bank – One of the more prominent banks of Singapore.
Just because these companies have a extremely wide moat, it doesn’t mean that they are all worthy of value investing. I would still take a look at their financials to make sure they have low CAPEX, low debt and lots of free cash flow. I will be doing an analysis of SATS soon and will post it in my blog once I’ve done it… For now, adios!
SudhanP.com 