July 26, 2026

SUTL Enterprise is cheap but not as cheap as you think

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SUTL Enterprise is cheap but not as cheap as you think

1.1x book and ~2x EV/EBIT for a locational monopoly in Singapore.

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paywall
July 26, 2026

On a roll rolling up accounting firms while the share price has rolled off a cliff.

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paywall
July 7, 2026

The CEO quit and the stock tanked 24% on the best day in the company’s 20-year history

One of the most boring business models in Europe is one of the ones I love the most.

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paywall
June 22, 2026

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My investment method (part 4)

Valuation, my two investment buckets, and position sizing.

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December 17, 2025

Two quick updates

Removed the paywall on a liquidation play.

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December 1, 2025

My investment method (part 3)

How I dive deeper into a stock.

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November 17, 2025

Hunter of ridiculously cheap off-the-map stocks

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. We pick stocks only, use no leverage, and require a significant margin of safety in every investment.