Added to YB: 2026-07-29
Pitch date: 2026-07-26
BHU.SI [neutral]
SUTL Enterprise Limited
Author Info
Sung Capital is an alternative asset management firm run by Oliver Sung. We invest capital for families, registered investment advisors, and accredited investors through a private investment fund. We pick underpriced stocks, usually in pockets of the market where large pools of capital (funds and institutions) can’t or won’t invest, but we flip every stone. We pick stocks only, use no leverage, and require a significant margin of safety in every investment. Sign up for the newsletter.
Company Info
SUTL Enterprise Limited, an investment holding company, develops, operates, and consults integrated marinas in Singapore and Malaysia.
Market Cap
SGD 81.7M
Pitch Price
N/A
Price Target
N/A
Dividend
5.43%
EV/EBITDA
0.87
P/E
9.82
EV/Sales
0.31
Sector
Hotels, Restaurants and Leisure
Category
value
SUTL Enterprise is cheap but not as cheap as you think
BHU.SI (overview): Only listed Singapore marina operator (ONE°15 Sentosa). 1.1x book, SGD69mn liquid vs SGD81mn cap, no debt, ~2x EV/EBIT, 25% margins, 5% yield. But cash isn't free: SGD40mn earmarked for acquisition (+14% EPS), rest reserved for 2034 leasehold renewal risk. Flat rev 3yrs, 53% family owner, illiquid. Author more tempered than bullish consensus.
Read full article (4 min)