5238.KL Archives

Letters With This Ticker

Quarter	Letter Date	Fund Name	QTD	YTD	Tickers	Keywords/Themes	Theme Commentary	Pitches	Letter
2024 Q2	Jul 24, 2024	RVK	-	-	1629.HK, 5238.KL	Asia, Concentration, Construction, real estate, small caps, value	Able Engineering Holdings is engaged in building construction and RMAA projects for Hong Kong public works, with double-digit growth and strong fundamentals supported by government spending. The company has a six-decade operating history and government-issued licenses for large public housing projects.	5238.KL 0163.HK	View
2025 Q2	Jul 1, 2025	Oldfield Partners Overstone World All Cap Equity Fund	10.9%	21.0%	0161.HK, 5238.KL	asset value, Concentration, Construction, Hong Kong, infrastructure, Malaysia, small caps, value	Manager screens 80,000 global stocks to pick 5-6 concentrated positions, focusing on stocks trading below intrinsic value. Recent additions include Able Engineering trading below cash at 6x earnings despite double-digit growth, and Protasco at 2.4x PE with substantial asset value.	5238.KL 0163.HK	View
2025 Q2	Jun 30, 2025	City Different Investments – Global Equity	24.5%	16.5%	0161.HK, 5238.KL	Concentration, Construction, Hong Kong, infrastructure, Malaysia, real estate, small caps, value	Manager screens 80,000 global stocks to pick 5-6 concentrated positions, focusing on stocks trading below intrinsic value. Recent additions include Able Engineering trading below cash at 6x earnings despite double-digit growth, and Protasco trading at 2.4x PE with core segments worth more than market cap.	5238.KL 0163.HK	View
2025 Q3	Oct 9, 2025	Stone Sentinel Capital	0.0%	45.3%	1627.HK, 5238.KL	Asia, Capital Allocation, Construction, dividends, real estate, value	Able Engineering Holdings is engaged in building construction and RMAA projects for Hong Kong public works, with double-digit growth and strong fundamentals supported by government spending on public housing projects.		View
2024 Q4	Jan 8, 2025	Guinness Global Innovators	-	21.9%	0161.HK, 5238.KL	Asia, Concentration, Construction, real estate, small caps, value	Manager screens 80,000 global stocks to pick 5-6 concentrated positions, focusing on stocks trading below intrinsic value. Able Engineering trades below cash at 6x earnings despite double-digit growth. Protasco trades at 2.4x PE with core segments worth more than entire market cap.	5238.KL 0163.HK	View

Pitches With This Ticker

Date	Pitch Type	Author	Company	Industry	Sub Industry	Bull / Bear	Stock Exchange	Keywords	Action
Apr 13, 2026	Fund Letters	City Different Investments - Global Equity	Protasco	Industrials	Construction & Engineering	Bull	Bursa Malaysia	Asset Sale, conglomerate, Government Concessions, infrastructure, Malaysia, Real Estate, Sum-of-parts, turnaround, Value	View Pitch
Apr 13, 2026	Fund Letters	Oldfield Partners Overstone World All Cap Equity Fund	Protasco	Industrials	Construction & Engineering	Bull	Bursa Malaysia	asset monetization, conglomerate, Government Concessions, infrastructure, land bank, Malaysia, Road Maintenance, turnaround, Value	View Pitch
Apr 13, 2026	Fund Letters	RVK	Protasco	Industrials	Construction & Engineering	Bull	Bursa Malaysia	asset monetization, conglomerate, Government Concessions, infrastructure, land bank, Malaysia, Road Maintenance, Sum-of-parts, turnaround, Value	View Pitch
Apr 13, 2026	Fund Letters	Guinness Global Innovators	Protasco	Industrials	Construction & Engineering	Bull	Bursa Malaysia	asset monetization, capital allocation, conglomerate, Government Concessions, land bank, Malaysia, Road Maintenance, turnaround, Value	View Pitch

BSD Shareholders of 5238-KL

This report provides a detailed summary of investor holdings for a specified stock ticker, highlighting key metrics such as fund name, total assets under management (AUM), invested value, portfolio weight, and shares owned. It also tracks changes in share ownership during the last quarter, including the percentage of shares bought or sold and the percentage of outstanding shares owned. The data is generated using an API that processes investor holdings and calculates these values for each fund. This report helps investors and analysts monitor the stock positions of major funds, identify investment trends, and assess the influence of large investors on individual stocks.

Filing Date: September 30, 2025

5238-KL

5238-KL

Letters With This Ticker

Pitches With This Ticker

BSD Shareholders of 5238-KL

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