Economic moats of SGX-listed companies

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!

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