If you’ve ever flown on a commercial airplane before, chances are you’ve seen an in-flight catalogue under your seat pocket. You may have noticed flight attendants pushing carts filled with merchandise down the plane’s narrow aisles, who are only interrupted by customers who want to make a purchase. According to a 2016 report by m1nd-set Generation, a Swiss-based airline research agency, while duty free sales are projected to double by 2025, inflight sales are expected to fall 1.5% per annum. In recent years, three major American airlines including United Airlines, Delta Airlines and American Airlines have abandoned inflight shopping on the back of weak inflight sales. In a message to employees, United Airlines said its inflight shopping business was unable to compete with airport du

Recently, I performed a screening for companies that had low debt, high return on equity and earnings growth over the last three years. In my search, I found that one of the companies that fit the criteria was Ban Leong Technologies Ltd (SGX: B26). In its last financial year, Ban Leong achieved a return on equity of 20.4% and had a debt-to-equity ratio of just 12.8%. In the last three years, its revenue and earnings grew by 14.4% and 166% respectively. Despite the strong financials, only a few analysts were covering the company. In light of the impressive numbers, I thought it would be useful to take a closer look at Ban Leong’s business to assess if this little-known company is worth investors’ time. What does it do? Ban Leong was founded in 1993 and listed in 2007. It is a distributo