Sleep Well Investments

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Sea Limited (SE) Q2'25: 'The Best Is Yet to Come' - Profitable Growth In All Segments
E-commerce GMV + 29% YoY, Gaming +23%, Financial Services Loan Book up 90% (1% non-performing). Group revenue up 38%, operating profit ~$2B, FCF ~$4B…
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Trung Nguyen @SWIs
Adding to my 20th Pick
Q2'25 added clarity to the business from now on, and although not ideal, the business quality remains intact. I am owning a bit more shares of the…
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Trung Nguyen @SWIs
2
Sleep Well Portfolio July 2025 - First drop (Anticipated), 46% annualised return per pick
No LOSER status lost; 14% Outperformance vs. S&P500. 46% annualised return per pick, 24/27 transactions were correct (89% success rate).
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Trung Nguyen @SWIs

July 2025

20th Sleep Well - Q2'25 Results, Likely Adding Shares.
We review Q2'25 results for additional information on the organic and inorganic growth split and the progress of two recent large acquisitions.
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Trung Nguyen @SWIs
18th Sleep Well Pick - H1'25 Results, 31% Revenue growth, 95% Gross Margin, Opportunities Hiding In Plain Sight
H1'25 results were excellent, valuation of 15.5x EV/FCF is now cheaper than when I first bought. A candidate for the next buy.
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Trung Nguyen @SWIs
VAT Group (VACN.SW) Q2'25 - Shares Nearing Attractive Point
Short-term uncertainties but long-term quality remains unchanged.
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Trung Nguyen @SWIs
Adding to My Top Position
Position returned 120% but I am adding today as valuation is cheaper than when I first bought.
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Trung Nguyen @SWIs
Buying New Businesses: 20th & 21st Sleep Well Pick
Why and how I buy the latest 2 picks to ensure sleeping well.
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Trung Nguyen @SWIs
6
Sleep Well Portfolio June 2025 Update - Two new BUY, 61% annualised return per pick
No LOSER; 17% Outperformance vs. S&P500. 61% annualised return per pick, 24/26 transactions were correct.
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Trung Nguyen @SWIs

June 2025

Buying This Mission-Critical SaaS Platform Serving Public Safety 26xEV/FCF for 20% CAGR 4yr Forward Growth
20% organic growth + x% from new found M&A allocation. No debts, 30% free cash flow margin. Thrive in a fragile world.
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Trung Nguyen @SWIs
21st Sleep Well Pick - Mission-critical to Public Safety
We are fairly good (and lucky) at picking winners. A perfect 2 year record. No loser and 24/25 transactions have been correct.
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Trung Nguyen @SWIs
8
21st Sleep Well Pick Coming Next Week and Averaging Up
Also, quick note on the recent dip in share price and how I 'average up' in positions that have run up a lot.
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Trung Nguyen @SWIs
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