Added to YB: 2025-10-20
Pitch date: 2025-10-16
HAWPF [bullish]
Haw Par Corporation Limited
-0.87%
current return
Author Info
Company Info
Haw Par Corporation Limited, together with its subsidiaries, manufactures, markets, and trades in healthcare products in Singapore, The Association of Southeast Asian Nations countries, other Asian countries, and internationally.
Market Cap
SGD 3.3B
Pitch Price
SGD 14.90
Price Target
N/A
Dividend
2.67%
EV/EBITDA
34.29
P/E
13.23
EV/Sales
10.47
Sector
Pharmaceuticals
Category
value
Haw Par Corporation: Crouching Tiger
HAWPF: Singapore holding company trading at 35% discount to $5B intrinsic value. Tiger Balm brand worth ~$1B (15x $70M annualized earnings), plus $2.7B UOB bank stake & $750M cash. Risks include complex Wee family structure & unproductive cash. Catalysts: Singapore's $5B equity development program, post-chairman transition potentially simplifying holdings, management acquisition plans. 2.5% dividend yield with growth history.
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