Fischer Tech

[yeokiwi]

There is little or no moat to these plastic businesses.

I suppose if any investor is looking for businesses with moats in Singapore, I think the list will be very very short and probably most of them that are on the list is selling at rich valuation.
It is probably better to assess a company individually than trying to lump it with industry wide prospects.

Selling curry puffs have no moat either but OCK makes lots of money for investors.
Renovation contractors have no moat either but kingsmen is doing very well.( Well, you can argue that kingsmen is a premium design house.......)

At the right price, even a Singapore textile company (Singlun and Ocean Sky) was worth investing and what could be more sunset than producing shirts, pants and shorts.