Disclaimer:

The purpose of the case studies is solely to illustrate the application of value investing methodologies and various valuation methods in the context of real life companies, for continued learning of value investment methods and investor education. Under no circumstances does any information provided in the case studies represent a recommendation to buy, sell or hold any stocks. The illustrations in the case study demonstrate the general application of value investing principles, and do not take into account the individual characteristics, profile and/or risk appetite of a given investor.

In no event shall VIA or any Author be liable to any viewers, guests or third party for any damages of any kind arising out of the use of any content shared here including, without limitation, use of such content outside of its intended purpose of investor education, and any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages resulting from such unintended use. Neither Mind Kinesis Investments Pte Ltd, Value Investing Academy (“VIA”) nor the Authors of the case studies are operated by or affiliated with any broker, dealer, or licensed financial adviser.

Past performance is a poor indicator of future performance. Again, the information on this presentation is not intended to be, nor does it constitute, investment advice or recommendations. Neither VIA nor the Authors makes any representation or warranty as to the completeness or accuracy of the information in the case studies.