I've just realised that I've made a few mistakes by investing in Dapai. Thus, I have fully divested my shares in Dapai. I have only held on to Dapai for around 2 weeks and luckily, I have realised my mistake early. Reasons for divestment 1) Company did a share placement in May 2010 even with … Continue reading Goodbye Dapai!
In this part of the analysis, we will look at the SWOT analysis and intrinsic value of the company. SWOT Analysis Intrinsic value I did a DCF intrinsic value calculation. I used average free cash flow growth rate as 0% (to be ultra-conservative) and discount rate as 9%. The intrinsic value I got was $0.35. … Continue reading Dapai Analysis – Part 4
Thus far, we looked at the overview of the business and the cash generating ability of the business. Now, I will delve into the qualitative part of the company and also address the future growth avenues of the company. Qualitative analysis Economic moat: I would not say the economic moat of Dapai is wide but … Continue reading Dapai Analysis – Part 3
In this part of the analysis, I will present the financials of Dapai and do a quantitative analysis on them. Financials As Dapai is a China-based company, its financials are based in RMB. So, I had to convert to SGD and the rate I used was 1RMB=0.2SGD. This rate is just an approximate. Firstly, the … Continue reading Dapai Analysis – Part 2
I recently purchased a company called "Dapai" and will present the overview of the company, its financials and quantitative analysis, qualitative analysis, SWOT analysis and intrinsic value calculation in 4 different parts. This first part will cover the overview of the company. Overview of Dapai Dapai is a Chinese company that is involved in designing, developing, … Continue reading Dapai Analysis – Part 1