The New Growth Drivers Behind Asia's Renaissance

Our Matthews investment team recently shared insights on the investment landscape across Asia, the key drivers of potential return across the region and the transformative power of artificial intelligence in Asia’s rapidly evolving markets.


Webcast recorded May 9, 2024

Alpha = Excess return on an investment relative to the return on a benchmark index.
ASEAN = Association of Southeast Asian Nations. It is an international organization of 10 member countries in Southeast Asia, consisting
of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam.
DRAM = Dynamic random-access memory
EV = Electric vehicles
IP = Intellectual property
ODM = Original design manufacturer
OEM = Original equipment manufacturer
P/B = Price-to-Book Ratio (P/B Ratio) is used to compare a stock's market value to its book value. It is calculated by dividing the current
closing price of the stock by the latest quarter's book value per share. A lower P/B ratio could mean that the stock is undervalued.
P/E = Price-to-Earnings Ratio (P/E Ratio) is a valuation ratio of a company's current share price compared to its per-share earnings.
PTV = Personal transport vehicles
ROE = Return on Equity (ROE) is the amount of net income returned as a percentage of shareholders equity. Return on equity measures a
corporation's profitability by revealing how much profit a company generates with the money shareholders have invested and is
calculated as net income divided by shareholder’s equity.

As of 4/30/24, accounts managed by Matthews Asia did not hold positions in Nvidia, Google, Microsoft.
As of 4/30/24, accounts managed by Michael Oh did not hold positions in Nvidia, Google, AMD, Wistron, Meta, Micron, Microsoft



The views and information discussed in this report are as of the date of publication, are subject to change and may not reflect current views. The views expressed represent an assessment of market conditions at a specific point in time, are opinions only and should not be relied upon as investment advice regarding a particular investment or markets in general. Such information does not constitute a recommendation to buy or sell specific securities or investment vehicles. Investment involves risk. Investing in international and emerging markets may involve additional risks, such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Investing in small- and mid-size companies is more risky and volatile than investing in large companies as they may be more volatile and less liquid than larger companies. Past performance is no guarantee of future results. The information contained herein has been derived from sources believed to be reliable and accurate at the time of compilation, but no representation or warranty (express or implied) is made as to the accuracy or completeness of any of this information. Matthews Asia and its affiliates do not accept any liability for losses either direct or consequential caused by the use of this information.