Havenport Investments

18/10/2021

At our Micro Symposium last week, we were joined by our partners from Blackrock, JP Morgan Asset Management and UOB Asset Management to discuss investing in China. China has dominated the headlines in 2021 for all the wrong reasons. Policy risk is heightened at present, and a few sectors have been targeted: those with inappropriate use of market power or data, and others who are highly leveraged. Policy changes is not something unexpected with the CCP, and so is market volatility. However, there remains swathes of opportunities related to China. Import substitution and technological self-sufficiency provides growth opportunities to local Chinese companies, while valuations look attractive in various segments of the market, in both equity and fixed income.

We will be discussing this more at our Advisor Teach-In Session on our newly launched Thematic Managed Account (Funds) this Thursday 3.30pm. Contact us for more details.

16/09/2021

13/08/2021

Join us to find out more on Havenport Managed Account of Fund. We look forward to seeing you at the event!

Register Now:
https://bit.ly/3m1aLUq

22/07/2021

Inflation continues to run hot in developed markets, with the US reporting 5.4% y/y inflation in June 2021. Housing price inflation and supply chain disruptions continue to persist. Should investors expect inflation to remain sticky? How should we respond if inflation remains above trend?

Join us and our panel of experts at our Micro Symposium next week to find out more as we discuss this important topic!

Register Now:
https://forms.gle/fi32up7bbEfLndqW7

19/07/2021

We look forward to seeing you at the event!

Register Now:
https://forms.gle/fi32up7bbEfLndqW7

07/07/2021

The plunge in share price of Didi, China’s equivalent of Uber ride-hailing services, has again brought a stark reminder of the policy risks when investing in Chinese shares. This, together with the increased Chinese regulatory scrutiny in Chinese tech-related companies, is likely to embed a valuation discount on Chinese stocks listed in the US market.

Such vagaries in policy decisions by the Chinese regulators are nothing new. The history of investing in stocks of emerging markets and economies is littered with a multitude of examples.

As we have highlighted in our recent webinar on Global Tech-Celeration, one should look beyond the obvious metric of PE multiples when examining tech stocks. Such are the times when buying opportunities are found when other stocks are unfairly tainted by the same brush.

This is where special situations call for alert minds and well grounded research to capture these unique opportunities.

18/06/2021

Here are the quotable quotes to inform your investment outlook on China and tech, from our Forum "The Promise and Perils of Tech-Celeration" held on 8 June, hosted by SGX Academy

17/06/2021

The Made in China 2025 plan was developed to transform China as a low-end manufacturer into a high-end producer by 2025. Thomas Kwan, CIO Harvest Global Investments, one of the Forum panelists, noted that the progress has been phenomenal: China’s internet pe*******on, patent applications and numbers of industrial robots have all increased. Chinese products and technologies that were developed for the domestic market are now exported wholesale globally.

China continues to make large investments in the technological space, with R&D spending rising 10% last year to US$378 billion. It is an understatement to say that China will play a huge role in global tech-celeration.