The GDP in Philippines is driven by private consumption and investment. Philippines has good ROE relative to other Asian countries. High PE and low dividend yield makes it look expensive. Fundamentals are good and valuations are the worst; as fundamentals are not strong enough to support high multiples.
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World Class Benchmarking: Fraser & Neave Holdings Berhad was established in 1883, and is one of the oldest companies in Malaysia.
Profitble Growth maintained its #2 rank, and has been stable in the top- three deciles. This means FNH ranks better than 472 of 590 large Consumer Staples companies globally.
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Global Sectors FVMR Snapshot: “The world sectors in your hand—every week.” See the latest on fundamentals, valuation, momentum, and risk for the global sectors.
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Global Equity FVMR Snapshot: “The world markets in your hand—every week.” See the latest on fundamentals, valuation, momentum, and risk for the global equity markets.
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The GDP in Korea is driven by private consumption and investment. The earnings growth outlook is slow after a rebound in 2015. Korea’s ROE is weak at less than 10%. Valuations are below book value and there is great price and earnings momentum.
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In many stock markets around the world there are legislation and/or listing rules that ensure some level of shareholder protection and corporate governance. In Asia this is not always the case and the level of corporate governance varies considerably between countries.
In this research we consider the state of corporate governance in Asia and give some thoughts on how to analyze the corporate governance of a company in a location where there are no corporate governance code or reports.
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The GDP in India is driven by private consumption. India has the highest earnings growth in Asia and strong profitability. Looking at our FVMR, India is relatively attractive in Asia and is mainly driven by strong fundamentals.
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This week, we cover how to invest in both risky and emerging markets, learn where the sweet spot is in bond investing, and find out if you’re a five day or five year kind of investor. All this and more…
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The GDP in Hong Kong is driven by private consumption and exports. Hong Kong has the lowest ROE in Asia, but offers the third highest dividend yield. Looking at our FVMR, Hong Kong is currently least attractive in Asia.
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Twenty years ago I co-founded a coffee roasting factory in Bangkok, Thailand while I was head of research at an investment bank in Bangkok. I learned more about investing and valuing businesses from that experience than I ever learned from all my studies of finance, including my CFA exams.
The most valuable thing I learned is that you get the most from employees when they love their jobs and respect their teammates and the people they work for.
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