We are a Singapore-based research team that seeks to exploit market inefficiencies and source for undervalued opportunities to generate long-term alpha. Unafraid to disagree with the consensus, we strive to generate investment theses based on attractive valuations across our investment universe through a disciplined investment approach, combining top-down macro themes and bottom-up fundamental analysis.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies me ...

Group 1 - The research team is based in Singapore and focuses on exploiting market inefficiencies to identify undervalued investment opportunities for long-term alpha generation [1] - The team emphasizes a disciplined investment approach that combines top-down macro themes with bottom-up fundamental analysis [1] - The team is willing to challenge consensus views to develop investment theses based on attractive valuations within their investment universe [1]

We are a Singapore-based research team that seeks to exploit market inefficiencies and source for undervalued opportunities to generate long-term alpha. Unafraid to disagree with the consensus, we strive to generate investment theses based on attractive valuations across our investment universe through a disciplined investment approach, combining top-down macro themes and bottom-up fundamental analysis.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies me ...

Group 1 - The research team is based in Singapore and focuses on exploiting market inefficiencies to identify undervalued investment opportunities for long-term alpha generation [1] - The team emphasizes a disciplined investment approach that combines top-down macro themes with bottom-up fundamental analysis [1] - The team is willing to challenge consensus views to develop investment theses based on attractive valuations within their investment universe [1]

Core Viewpoint - The media industry is heavily influenced by broadcasting rights, which are controlled by a limited number of players, highlighting the competitive landscape and the significance of rights acquisition in driving market dynamics [1]. Group 1: Industry Insights - The emergence of Main Street Sports Group as a challenger in the media industry indicates a shift in competitive dynamics, potentially impacting established players like FOX Corporation [1]. - The research team emphasizes the importance of identifying market inefficiencies and undervalued opportunities within the media sector to generate long-term investment returns [1]. Group 2: Investment Approach - The investment strategy combines top-down macroeconomic themes with bottom-up fundamental analysis to create robust investment theses based on attractive valuations [1]. - Valuation methods employed include both extreme bear and conservative bull cases, which aim to provide a margin of safety for investors, ensuring consistent risk-adjusted returns [1].

Core Viewpoint - The media industry is heavily influenced by broadcasting rights, which are controlled by a limited number of players, highlighting the competitive landscape and the significance of rights acquisition in driving value [1]. Group 1: Industry Insights - The challenge posed by Main Street Sports Group in the media industry indicates a shift in competitive dynamics, suggesting potential disruptions to established players like FOX Corporation [1]. - The research team emphasizes the importance of identifying market inefficiencies and undervalued opportunities within the media sector to generate long-term investment returns [1]. Group 2: Investment Approach - The investment strategy combines top-down macroeconomic themes with bottom-up fundamental analysis to create robust investment theses based on attractive valuations [1]. - Valuation methods employed include both extreme bear and conservative bull cases, which aim to provide a margin of safety for investors, ensuring consistent risk-adjusted returns [1].