Top 3 Sectors Account For 60% Of Market Cap In Philippines, Pakistan, And Vietnam

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Top 3 Sectors Account For 60% Of Market Cap In Philippines, Pakistan, And Vietnam

Watch the video with Andrew Stotz or read a summary below. This post focuses on market basics of five select markets in Asia.

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Top 3 Sectors Account for 60% of Market Cap in Philippines, Pakistan, and Vietnam

Why The Term ‘Value Investing’ Is Redundant

Warren BuffettWhat does value investing really mean? Q1 2021 hedge fund letters, conferences and more Some investors might argue value investing means buying stocks trading at a discount to net asset value or book value. This is the sort of value investing Benjamin Graham pioneered in the early 1920s and 1930s. Other investors might argue value Read More



  • The Philippines has the largest concentration of market cap in the top 3 sectors
  • In Pakistan and Vietnam, the consumer sectors account for almost 30% of total market cap
  • Only in Thailand, Financials are less than 20% of market cap

India Has the Largest Number of Listings While Thailand Is the Most Liquid Market

India Has the Largest Number of Listings While Thailand Is the Most Liquid #Market


  • A liquid stock is defined as over US$250 million market cap and at least US$1 million average daily turnover (ADTO)
  • India has the most number of listings by far
  • Thailand has the largest share of liquid stocks

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Dr. Andrew Stotz, CFA is the CEO of A. Stotz Investment Research, a company providing institutional investors with ready-to- invest portfolios in Asia that aim to beat the benchmark through superior stock selection. The company also provides buy- and sell-side clients with financial models to value any company in the world and World Class Benchmarking to determine what companies are financially world class. Previously, as Head of Research at CLSA, Andrew was voted No. 1 Analyst in Thailand in the Asiamoney Brokers Polls for 2008 and 2009. He was also voted No. 1 Analyst in Thailand in the 2009 Institutional Investor magazine All-Asia Research Team Report. Andrew earned his PhD in finance at the University of Science and Technology of China in Anhui province, with a focus on answering questions raised by fund managers and analysts during his career about picking stocks and managing portfolios. In addition, Andrew has been a lecturer in finance for 22 years at various universities in Thailand. Since 2013, he has been the president of the CFA Society of Thailand. He is also the author of How to Start Building Your Wealth Investing in the Stock Market.

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