If you figure out the right things to buy, selling becomes a lot less important

Warren Buffett describes himself as 85% Benjamin Graham and 15% Phil Fisher, crediting them as his major influences. Phil Fisher, the father of growth investing, believed that If you figure out the right things to buy, selling becomes a lot less important. Fisher emphasized the importance of identifying a company's future growth potential and intrinsic value and buying at the right price

Fisher advocated for holding stocks to benefit from compounding growth but also outlined scenarios for selling: if a mistake was made, if the stock became overpriced, if a better opportunity arose, or if the stock no longer met his 15-point Scuttlebutt checklist. One of his key screening criteria was whether a company had unusual growth opportunities in sales in the future.

With that perspective, I recently found a new acquisition in Malaysia's EMS sector moving towards a light asset model, which is rare in this industry. The recent major sell-down below the IPO price raises questions about its intrinsic value and investment potential. Today, we will explore this company to see if it can deliver a 10X return to investors.