Highly Cash Generative Aquarium Operator

Highly Cash Generative Aquarium Operator

By: Miguel Neto Ticker: S85 Straco Corporation Limited, quoted on the Singapore Exchange (SGX) Background Straco Corporation develops and acquires assets in touristic locations, and the founder and his wife collectively own 55% of the shares, with the other big shareholder being a state-owned enterprise. As of today, they own and run two aquariums in China (Shanghai Ocean Aquarium and Underwater World Xiamen), a cable car in Lintong Mountain and a giant flywheel in Singapore. In 2018, they received 4.98mn visitors with the majority being...