ASIA – UPDATES FROM 6 MONTHS LATER… THE PENDULUM HAS SWUNG

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ASIA – UPDATES FROM 6 MONTHS LATER… THE PENDULUM HAS SWUNG

It’s been 6 months since my last update, and how the pendulum has swung. Just look at the headlines on Bloomberg in January.

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Contrast this to the headlines earlier this month.

London Value Investor Conference 2022: Chris Hohn On Making Money And Saving The World

business activist 1653311320Chris Hohn the founder and manager of TCI Fund Management was the star speaker at this year's London Value Investor Conference, which took place on May 19th. The investor has earned himself a reputation for being one of the world's most successful hedge fund managers over the past few decades. TCI, which stands for The Read More

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The pendulum has swung strongly to the other end of the spectrum.

SHK

Back in January, I posted an article which I’ve reproduced here which captured my thoughts on Hong Kong developers. Many of my comments still remain valid.

You can check out the original article here:

INVESTMENT JOURNAL 01/01/2016 – VALUE IN HONG KONG PROPERTY DEVELOPERS?

Here’s a snippet of one of the key points raised:

Still, this says nothing about the short term price movements and if economic conditions worsened, the key to survival will be liquidity and solvency.

Avoid companies with bloated balance sheets, and find ones that are trading at the biggest discounts to book value.

There exists now an opportunity to buy prime district land at 60-70 cents on the dollar, a remarkable feat on its own.

On a side note, I am now collaborating with The Fifth Person to produce educational materials. We are currently working on a Deep Value Investing course that should be released later this year.

I have also produced several case studies for Alpha Lab – one of which is Hang Lung Properties.

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