Haw Par Corporation Ltd (SGX: H02) is the maker of the Tiger Balm brand of ointment. In addition to its healthcare arm, it also has strategic stakes in UOL Group Limited (SGX: U14) and United Overseas Bank Ltd (SGX: U11).
The company recently caught my attention because of its strong share-price performance over the last five years, up by about 60% during the period. After doing some research, I found a few interesting facts about the company that many investors might not be aware of.
Here are three of them.
Long listing history
To start with, Haw Par has been listed on the Singapore Exchange since 1969. In other words, the company will celebrate its 50-year anniversary in 2019. This puts it among the oldest-listed companies in Singapore.
Successful, long-term investor
Source: Haw Par’s 2019 annual report
The above is a quick summary of Haw Par’s investments in other listed companies in Singapore. What’s interesting to note is the performance of these investments over the years.
For example, its stake in UOB grew from S$85 million to S$1.8 billion, up 21-fold during its ownership. Also, shares of UOL Group went up an astonishing 35 times their original price! Such returns will make any investor wonder about the secret behind the success. I think the secret is quite obvious: Buy good companies, and hold them for a long time!
A global brand
In addition to its significant investment holdings above, Haw Par is involved in two major industries: healthcare and tourism.
In the healthcare business, the company distributes its famous Tiger Balm products across Singapore. But did you know that beyond Singapore, Haw Par also distribute its products to over 100 countries across the world?
In fact, the company argues that Tiger Balm is “the world’s leading and most versatile topical analgesic brand.” Although this might be an exaggeration, there is no doubt that Tiger Balm is a widely distributed product across the world, especially in Asian countries.
These are just a few of the interesting facts I found out about Haw Par that investors might have missed. As I continue with my research, I might find even more interesting things I can share with you, so stay tuned.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies mentioned. The Motley Fool Singapore recommends Haw Par Group Ltd and United Overseas Bank.