Most of the famous value investors, Warren Buffett, Charlie Munger and Peter Lynch, we have heard before are mainly from the US. So, does value investing work in Asia? The answer is a definite “Yes!” In fact, Singapore is home to some of the best value investors in the region. Here are four great value investors in Singapore that you might want to know.
Here are four great value investors in Singapore that you might want to know about.
Wong Kok Hoi
Mr. Wong is the founder and currently the Chief Investment Officer of APS Asset Management, a boutique hedge fund in Singapore. Mr. Wong has worked at GIC, Monetary Authority of Singapore (MAS) and Cititrust & Banking Corporation before starting his own firm. Over the years, Mr. Wong has created multiple market beating funds based on the APS investment approach.
According to APS Asset Management’s website, they invest in ideas under four key areas:
- Structural ideas: For companies with strong economic moat that can outperform for a long-term;
- Economic ideas: For companies that are trading at a huge discount to its intrinsic value;
- Dynamic Ideas: For cyclical companies which might be facing a trough or peak in its business cycle; and
- Opportunistic ideas: Companies facing a special event.
Dr. Tan Chong Koay
Dr. Tan is the founder and chief strategist of Pheim Asset Management Pte Ltd. His funds have won many accolades over the years for outperforming the markets consistently. Dr. Tan focuses on finding stocks that are cheap compared to its intrinsic value. He is also one of the pioneer boutique fund managers in the region. At its peak, his funds managed more than US$2 billion in asset under management.
Teng Ngiek Lian
Mr. Teng is one of the most successful boutique fund managers in Singapore. In 2016, his firm, Target Asset Management, managed more than US$1 billion of assets. Mr. Teng is focused on being an Asian value investor by investing in the Asia ex-Japan markets for the past few decades. According to his company’s presentation, Target Asset is a bottom-up investor which focuses on high conviction stocks. Mr. Teng looks at three main type of value in the market:
- Companies in early growth industries with a fair valuation;
- Companies that have fallen on hard times and trying to turn around; and
- Companies in sectors that are out of favour.
Yeo Seng Chong
Mr. Yeo is the founder of Yeoman Capital Management, a boutique fund manager in Singapore. Over the past 19 years, his funds have seen a total of 1,009% return. That translates to about 13% annualised returns, which is an impressive record. Mr. Yeo has done this by using his “3-Rights” strategy. His team focuses on finding the right business with the right management at the right price. So far, his strategy has been doing extremely well for him and his clients.
There are many great billionaire investors in the US. However, the concept of value investing is universal and these investors right here in Singapore have proven to us that value investing still works in Asia.
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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Stanley Lim doesn’t own shares in any companies mentioned.