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New Growth Ideas in Asia

Our portfolio managers share their key insights from recent research visits to Taiwan and South Korea. They also discuss new growth ideas in Asia in anticipation of U.S. interest rate cuts, persistent market weakness in China, and high valuations in India.

  • 09/10/2024
  • 30:46 viewing time

Matthews’ CIO Sean Taylor and Portfolio Managers Inbok Song and Michael Oh share their key insights from recent research visits to Taiwan and South Korea. They also discuss new growth ideas in Asia in anticipation of U.S. interest rate cuts, persistent market weakness in China, and high valuations in India.

Our portfolio managers explore reasons for optimism around Artificial Intelligence (AI) opportunities in South Korea, Taiwan and China in light of recent volatility in global technology stocks. What do the latest U.S. tech earnings mean for the AI and innovation themes and how might this translate into opportunities across the markets of Southeast Asia.

Additionally, they discuss their views on South Korea’s Value Up program, identify promising sectors in India and evaluate portfolio positioning in anticipation of potential U.S. interest rates cuts. Is Indonesia a market to watch in the coming months? 

Webcast recorded on 10 September 2024

 

IMF = International Monetary Fund

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.

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.

ROIC: Return on Invested Capital (ROIC) is a calculation used to assess a company's efficiency at allocating the capital under its control to profitable investments. The return on invested capital measure gives a sense of how well a company is using its money to generate returns.

Semi-equipment companies = semi-conductor equipment companies

Humanoid: Humanoid robots are professional service robots built to mimic human motion and interaction

PC = Personal Computer

As of 8/31/24, accounts managed by Matthews Asia did not hold positions in Nvidia.

 

IMPORTANT INFORMATION

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.