Multi-Asset Perspective – November 2021
29-11-2021
Moderating growth and inflation continue to be key concerns in markets.Investors have become defensive and high quality securities have become in...
Read moreUS-China Summit: is the worst behind us?
22-11-2021
Although there were expectations for improved relations between the US and China under Joe Biden’s administration, trade relations have not changed...
Read moreViews on Common Prosperity and Longer-term Implications
15-11-2021
Value Partners’ Co-Chairman and Co-Chief Investment Officer Dato’ Seri Cheah Cheng Hye recently joined leading China-focused executives and...
Read moreFixed Income Outlook 4Q 2021
09-11-2021
Distorted valuations but be selective Inflation expectations in the driving seatThe third quarter of 2021 was characterized by further growth...
Read moreMulti-Asset Perspective – October 2021
15-10-2021
Sentiment turned sour amid concerns over Evergrande and a tighter liquidity outlook. Investors have moved towards the more defensive parts of the...
Read moreMulti-Asset Perspective – September 2021
18-09-2021
Sentiment has improved in most markets in Asia as the Fed remained its accommodative stance.As short-term volatility is expected to continue,...
Read moreNavigating through uncertainty in the midst of normalization
13-08-2021
Preface: The year of normalization Some semblance of normalcy returned during the first half this year, as the global vaccine rollout has...
Read moreMulti-asset perspective – August 2021
10-08-2021
Markets were down in Asia, especially for Greater China markets, as the regulatory crackdown on various sectors in China has dampened investor...
Read moreQuality growth is more important than short-term volatility
05-08-2021
In a recent exclusive interview with Hong Kong Economic Times, Value Partners’ Co-Chairman and Co-Chief Investment Officer Dato’ Seri Cheah Cheng...
Read moreFixed income outlook – 3Q 2021
20-07-2021
Executive Summary: policy to drive sentiment The vaccination rollout and easing of mobility restrictions have reset global growth...
Read moreMulti-asset perspective – June
17-06-2021
May was a month of mixed signals from the ongoing global economic recovery, resurging COVID cases and inflationary concerns.But we continue to be...
Read moreChina Healthcare – Innovation the key to value
31-05-2021
Value Partners & Oxford Metrica has co-launched a white paper China healthcare innovation the key to value. China's Grey Bomb Cries Out For...
Read moreChina’s health care sector: Is there still more room for growth?
28-05-2021
With the advent of Covid-19, the healthcare sector has become a spotlight for investors last year, as various healthcare-related companies accelerated...
Read moreMulti-asset perspective – May 2021
20-05-2021
Risks continue to loom Asia, with the surge of commodity prices adding to inflationary concerns.But we continue to be cautiously optimistic of the...
Read moreFixed income outlook – 2Q 2021
21-04-2021
Highlights We believe there are still scopes for 10-year U.S. Treasury yield to go higher at end-2021, though some consolidation may occur in the...
Read moreMove with the times – A dynamic multi-asset strategy
14-04-2021
Dynamic allocation proves to be an approach to flatten your roller coaster ride in the volatile Asian market into a pleasurable Ferris wheel...
Read moreMulti-asset perspective – April 2021
14-04-2021
The pace of yield curve steepening turned less violent than some previous sessions, giving the global bond market a breather.Closer to home,...
Read moreA resurgent dividend story in Asia
22-03-2021
The Asia Pacific region has historically provided some of the highest dividend paying stocks. However, with much of the region’s markets heavily...
Read moreSurviving rate hike cycle with multi-asset strategy
22-03-2021
The global economic recovery gains momentum, but investors are now concerned about the challenges that follow.As the macro outlook turns benign,...
Read moreThe Multi-Asset Perspective – March 2021
09-03-2021
Value sectors in Hong Kong/China equities are still attractive after several rally sessions. Rotation is more likely across sectors and styles than a...
Read moreThe Multi-asset Perspective – February 2021
15-02-2021
Valuations indeed heightened after the rally post pandemic. As we factor in China’s continued and resilient macro recovery, ample liquidity backdrop...
Read moreA “Safe Pair of Hands” Needed to Navigate China’s Volatile Equity Market
03-02-2021
Known for its volatility, lack of transparency and still-evolving regulatory environment, China’s onshore equity market can be rather scary for even...
Read moreHomegrown players rewire supply and demand
02-02-2021
China’s first-in, first-out case ensured its supply to the world undisturbed, enabling the country to take market share from others. Even better,...
Read moreFixed Income Q1 2021 Market Outlook
26-01-2021
Entering into vaccine-driven normalization 2020 closed with a diminishing risk premium, as vaccine hopes and expectations of a growth rebound...
Read moreThe Multi-Asset Perspective – January
20-01-2021
China continues to be a favored destination for global investors, following its effective virus control, vigorous manufacturing activities and healthy...
Read moreChina equities: Domestic consumption at play
15-01-2021
The dual circulation strategy is at the core of China's economic development for the next five years and onwards. The circulation’s internal loop...
Read moreWhy Asian assets remain relevant in the year of restart
08-01-2021
Vaccines, coupled with continuing support from central banks, shall lend support to extend the momentum of investors’ risk appetite in 2021. Our...
Read more2021: The year of normalization
04-01-2021
The year 2021 is poised for a restart. Vaccination and other signs of relief permit the world to start envisioning recovery beyond the dreadful COVID...
Read moreThe Multi-Asset Perspective – December
22-12-2020
China’s economy, hardened thanks to resiliency in domestic demand and consumption reshoring to the mainland, is primed for a sustained recovery path...
Read moreThe Multi-Asset Perspective – November
13-11-2020
Trump’s potential refusal to concede, uncooperative response, and the Senate’s election outcome could spike the near-term market volatility, as...
Read more【White paper】China healthcare – Innovation the key to value
22-10-2020
Value Partners & Oxford Metrica has co-launched a white paper China healthcare innovation the key to value.China healthcare offers...
Read moreThe Multi-Asset Perspective: October 2020
22-10-2020
A slew of uncertainties on the top of investors’ minds includes the upcoming U.S. presidential election and the intensifying tensions between the...
Read moreFixed Income Q4 Market Outlook
16-10-2020
Asian credit continued its recovery, albeit at a slower pace. In the 3Q20, the asset class returned 2.1%, with the JACI Investment Grade Index and the...
Read moreChina recovery on track
08-10-2020
Economic recovery accelerates Although the pandemic continues to have a major impact on the global economy, a positive outlook is still in place for...
Read moreCo-Chairman Louis So: The new opportunities in a post-COVID-19 environment
22-09-2020
COVID-19 may lead to social instability in some countries, but the prospects for the China market remain strong for many reasons, says our Co-Chairman...
Read moreChina’s healthcare under paradigm shifts
16-09-2020
The onset of COVID-19 has exposed the inadequacy of the global health infrastructure – China is not an exception. In addition to demographics...
Read moreThe Multi-Asset Perspective: September 2020
14-09-2020
We spot two forces that draw capital in and out Asian markets – Investors are wary of the economic recovery in some countries, such as India and...
Read moreA deep dive in China’s sector winners despite health crisis
21-08-2020
We recognize a growing number of uncertainties taking a toll on the outlook for the world economy, which in our view did not derail the opportunity...
Read moreThe Multi-Asset Perspective: August 2020
18-08-2020
Investors continue to take solace in the positive surprises in the macro data, which has printed with recovery signs since May. points to China’s...
Read moreChina In Focus: The Post-COVID-19 Era
11-08-2020
We broadly categorize the backdrop facing equity investors into four key points that impact the markets during and after the pandemic. China emerges...
Read moreThe Multi-Asset Perspective: July 2020
20-07-2020
Upbeat macroeconomic data, expectation of a V-shaped recovery and earnings downward revision to bottom collectively provided a tailwind to global...
Read moreWorld Economic Forum Insight Report : The renminbi and China’s capital markets
13-07-2020
Continued growth in China’s asset management industry on the back of economic development and wealth accumulation, coupled with industry...
Read moreAsian credits: Hunting for value in a fragile world
10-07-2020
Nowadays, policy easing is a universal way to land the global economy. Yet, with a varying level of liquidity among countries, traditional sources of...
Read moreMidyear Outlook: Investing under the new norms
02-07-2020
In planning investments, investors must deal with two new norms in the world: the near-term behavioral change due to COVID-19 and the increased...
Read moreCoronavirus ignited gold ETF inflows
10-06-2020
The COVID-19 pandemic has fueled the demand for investing in safe haven assets like gold. Year-to-date, gold assets has outran the major risky assets...
Read moreThe Multi-Asset Perspective: June 2020
08-06-2020
The Sino-U.S. tension and potential restriction on tech know-how creates uncertainty. Kelly Chung, Senior Fund Manager, examines the post-pandemic...
Read moreFrom Value Investor to Value Creator – A case of active engagement
26-05-2020
Active ownership and shareholder engagement are ubiquitous among equity managers. Within the credit space, engagement is believed to be a...
Read moreWhat To Watch Before And After China’s Yearly “Lianghui” Gathering
20-05-2020
In this Q&A, Yu Chen Jun, Senior Fund Manager, provides his insights on the implications of the yearly gathering for the Chinese financial assets...
Read moreThe Multi-Asset Perspective: May 2020
13-05-2020
Flushed with ample liquidity, investors in many markets enjoyed a relief rally in April. Our Senior Fund Manager Kelly Chung discusses in this edition...
Read moreFactors to consider – Developed versus emerging markets
07-05-2020
Neither developed nor emerging markets is immune to the unexpected virus hit. Although the world’s growth outlook in 2020 turned doom amid...
Read moreCo-Chairman Mr. Cheah: Attack & Defend against the COVID-19 impacts
30-04-2020
Amid the setback brought by COVID19, the world is experiencing a harrowing rise in unemployment and a total shock from demand and supply. Dato’ Seri...
Read moreFixed Income Insights: Q1 2020 Market Review
24-04-2020
Experiencing an eventful start, we entered 2020 with the favorable momentum from the Phase 1 trade deal between the U.S. and China. As the COVID-19...
Read moreSee through the cloud of fears
17-04-2020
The market sees low clarity under unprecedented challenges. The public health crisis first disrupted the supply chain and quarantined workers in...
Read moreThe Multi-Asset Perspective: April 2020
08-04-2020
In this edition of the Multi-Asset Perspective, our Senior Fund Manager Kelly Chung takes note of what comes next after panic sell down...
Read moreCooler heads prevail – a value perspective
01-04-2020
We hope you stay healthy and safe during these most difficult days.As value investors, we observe bargains surfacing from irrational...
Read moreCo-Chairman Mr. Cheah‘s views on economies and markets amid virus outbreak
31-03-2020
Malaysia Newspaper The Star published on March 28 an article featuring our Co-Chairman and Co-Chief Investment Officer Dato’ Seri Cheah Cheng...
Read moreOpportunities in crisis: Finding ‘diamonds’ of China companies in the volatile rough
15-03-2020
The Chinese term for crisis 危机 (pronounced ”wēi jī“) is composed of two characters, the first, meaning danger and the second, meaning...
Read moreMarkets this week: An octane fuelled mix
13-03-2020
The cocktail of plummeting US Treasury yields and tumbling oil prices have shaken investor confidence. Much of these concerns have also...
Read moreThe Multi-Asset Perspective: March 2020
13-03-2020
In this edition of the Multi-Asset Perspective, our Senior Fund Manager Kelly Chung takes note of heightened risks in the market. China / Hong...
Read moreOur Chairman’s views on U.S., China equities and gold
09-03-2020
Hong Kong Economic Times today published a front-page story featuring Value Partners’ house view amid the coronavirus outbreak. Our Co-Chairman and...
Read moreAsian total return opportunities amid ultra-low rate: Jason Yan
09-03-2020
While fears of widespread coronavirus take a toll on the global economy, Jason Yan, Senior Fund Manager, shares his outlook for the Asian credit...
Read moreCoronavirus Impacts on China Fixed Income Market: Gordon Ip
02-03-2020
The coronavirus is spreading beyond China’s borders. While the risks of the viral outbreak still underlie the financial market, we would...
Read moreBond market: Impact from coronavirus outbreak
04-02-2020
As the number infected with new coronavirus in China continues to rise, panic over the outbreak has triggered a global risk-off, with Asian markets...
Read moreEquities market: Impact from coronavirus outbreak
04-02-2020
Concern over the recent coronavirus outbreak has mounted, dampening both sentiment as well as markets. As preventive measures/quarantines against the...
Read moreFixed Income Insights: Q4 2019 Market Review
23-01-2020
Mixed signals and prolonged discussions of the U.S.-China trade talk continued to take center stage throughout the fourth quarter. As an initial...
Read moreThe Multi-Asset Perspective: December 2019
13-12-2019
In this edition of the Multi-Asset Perspective, our Senior Fund Manager Kelly Chung said as U.S.-China trade negotiations is moving towards a positive...
Read moreEyeing value opportunities in Asia across asset classes
04-12-2019
A spate of market events – sliding Purchase Managers’ Index (PMI) and yield curve inversion – is consideredsigns of economic downturn....
Read moreCo-Chairman and Co-Chief Investment Officer Louis SO: Our investment outlook amid present challenges in Hong Kong
25-11-2019
The city’s social unrest approaches to its fifth month without apparent signs of impending cessation. The economy has been continuously hit by...
Read moreInvestment Opportunities in Asia’s Technology and Innovation
18-11-2019
The 4G technology has been dominating the mobile market, but 5G technology’s imminent arrival is expected to revolutionize the industry with its...
Read moreThe Multi-Asset Perspective: November 2019
15-11-2019
In this edition of the Multi-Asset Perspective, our Senior Fund Manager Kelly Chung said positive developments in U.S.-China trade negotiations boost...
Read moreChina Market Outlook from Value Partners Co-CIO Louis SO
08-11-2019
Global purchasing managers' index data, indicating the prevailing direction of manufacturing activities and economy, plunged below the alarming...
Read moreThe Multi-Asset Perspective: October 2019
24-10-2019
In this edition of the Multi-Asset Perspective, our Senior Fund Manager Kelly Chung said valuation has reached a historical low level in mainland...
Read moreFixed Income Insights: Asian bonds’ scarcity value emerges amid negative yields
15-10-2019
Global bond markets experienced an eventful third quarter with the 10-year Treasury yield falling below the 2-year Treasury yield for the first time...
Read moreThe Multi-Asset Perspective: September 2019
19-09-2019
In this edition of the Multi-Asset Perspective, our Senior Fund Manager Kelly Chung said amid weakening investment sentiment and economic data,...
Read moreThe Multi-Asset Perspective: August 2019
20-08-2019
In this edition of the Multi-Asset Perspective, our Senior Fund Manager Kelly Chung said emerging market ex-Asia equities and gold tend to outperform...
Read moreIdentify opportunities amid trade uncertainties and volatility
30-07-2019
Despite current US-China trade frictions, our Equity Investment Director Chung Man Wing believes China A-shares and Hong Kong’s stock market are...
Read moreThe Multi-Asset Perspective: July 2019
17-07-2019
In this edition of the Multi-Asset Perspective, our Senior Fund Manager Kelly Chung said the market sentiment has improved on the trade war truce and...
Read moreFixed Income Insights: Implications from trade war and a dovish Fed
08-07-2019
Over the second quarter, markets have been dominated by volatility with increased tariffs, concerns over escalating trade war that will disrupt the...
Read moreThe Multi-Asset Perspective: June 2019
14-06-2019
In this edition of the Multi-Asset Perspective, our Senior Fund Manager Kelly Chung said global markets have entered risk-off mood in June while...
Read moreThe Multi-Asset Perspective: May 2019
24-05-2019
In this edition of the Multi-Asset Perspective, our Senior Fund Manager Kelly Chung shares her latest thoughts on a number of key asset classes and...
Read moreInvesting in China: Dancing with the dragon
20-05-2019
Five Myths about China‘s EconomyMyth 1: China has a dangerous overhang of debt Debt levels in China appear to have climbed to dizzying heights...
Read moreWhat to make of Trump’s latest tariff threats?
08-05-2019
Stock markets around the world descended into a state of panic this week after Sino-US trade talks took a turn for the worst.Hopes of the two...
Read moreFixed income insights: Unlocking yields amid uncertainties
26-04-2019
Over the first quarter, global economic developments have been eventful yet positive, in our view. Both broad Asian bond market and U.S. treasury...
Read moreThe Multi-Asset Perspective: April 2019
16-04-2019
In this edition of the Multi-Asset Perspective, our Senior Fund Manager Kelly Chung shares her latest thoughts on a number of key asset classes and...
Read moreDebunking the Chinese property myth
11-04-2019
The argument that China’s property market is always one step away from disaster has always been a constant topic of discussion within the...
Read moreThe Multi-Asset Perspective: March 2019
25-03-2019
As capital continues to flock towards risk assets globally, our Senior Fund Manager Kelly Chung shares her outlook on a number of key asset classes...
Read moreKey takeaways from China’s 2019 NPC and MSCI’s A-share boost
21-03-2019
China wrapped up its annual National People’s Congress (NPC) last week in what was one of most highly anticipated events this year. To help our...
Read moreHow to navigate investment risks and opportunities in 2019
15-03-2019
Turbulence amid grey skies. That was the overriding theme in financial markets in the second half of 2018 as a number of surprises rocked already...
Read moreThe Multi-Asset Perspective: February 2019
25-02-2019
In this edition of the Multi-Asset Perspective, our Senior Fund Manager Kelly Chung shares her latest thoughts on the outlook of a number of key asset...
Read moreThe Multi-Asset Perspective: January 2019
15-01-2019
In the latest edition of the Multi-Asset Perspective, our Senior Fund Manager Kelly Chung shares her thoughts on the outlook of a number of key asset...
Read moreKeeping faith in the China growth story
04-01-2019
With a volatile 2018 that proved to be difficult to navigate now firmly behind us, the biggest question market participants are asking is whether 2019...
Read moreThe Multi-Asset Perspective: December 2018
11-12-2018
Our Senior Fund Manager Kelly Chung shares her latest multi-asset outlook and insights in a new monthly series exclusive to the Value Partners...
Read moreChairman’s keynote at Sir John Templeton Investment Roundtable 2018
10-09-2018
Below is an excerpt of the keynote address by our Chairman Dato’ Seri Cheah Cheng-Hye at Sir John Templeton Investment Roundtable 2018.China –...
Read moreLatest China Market Outlook – 2018 July
24-07-2018
Volatility persisted in the second quarter of 2018 as concerns about rising trade tensions, US-North Korea relations and deleveraging in China...
Read moreOur Chairman’s views on the potential trade war between China and the U.S.
06-04-2018
In recent months, I have been advising investors to be cautious, because I was worried about rising trade tensions between China and the U.S. But now...
Read moreAsia Credit Market Outlook 2018
10-01-2018
1. Global markets stayed upbeat for most of 2017. Was it a good year for the Asia credit market too? 2017 was the first time that all major...
Read moreChina and Hong Kong stockmarket outlook 2018
10-01-2018
1. The Hong Kong market outperformed global peers in 2017. Do you think the rally can be sustained in 2018?We believe that the overall investment...
Read moreLatest China Market Outlook
01-09-2017
A Note from our Co-Chief Investments Officer Mr. Louis SO China market: catalysts fuelling a sustained stockmarket China’s offshore stocks saw a...
Read moreInterview with Mr. Yu Xiaobo, Value Partners’ Head of China Business
19-07-2017
We are pleased to announce that Mr. Yu Xiaobo is appointed as Value Partners’ Head of China Business in early-June this year, in addition to his...
Read moreEarnings growth sets the stage for Hong Kong and China equities
26-06-2017
The Hong Kong and Chinese stockmarkets have been in a strong uptrend since the start of the year. Despite some moderations in China’s macro data in...
Read moreOutlook for Greater China high yield bond market
03-01-2017
Value Partners Greater China high yield income strategy (“the Strategy”) has delivered a year-to-date (YTD) return of +15.9% as of the end of...
Read more2017 China Market Outlook
03-01-2017
A Note from our Co-Chief Investments Officers, Dato' Seri CHEAH Cheng Hye and Mr. Louis SO 1. 2016 is an eventful year with a number of black swan...
Read moreFund manager’s views on US Presidential Election result
09-11-2016
The US election has turned out to be a neck-to-neck race between Republican Donald Trump and Democrat Hillary Clinton, which is no less dramatic than...
Read moreChina: Entering into the horizontal phase of L-shaped economy
14-10-2016
China sceptics who have been waiting for a hard-landing may find the latest economic figures surprising. Not only did China’s Purchasing Managers’...
Read moreIt’s time to look at China again
29-07-2016
The world is sailing into uncharted waters. The Brexit shock has come at a time when the global economy is struggling with weak economic and profits...
Read moreA relatively stable Taiwan market
29-07-2016
During the second quarter of 2016, the Taiwan Stock Exchange Index (“TWSE”) was flat while the MSCI Taiwan Index increased by 0.7% over the same...
Read moreValue Partners’s view on Brexit
24-06-2016
Q1: What are the implications of Brexit? It clearly shows that the biggest investment risk today is social unrest. It is difficult to...
Read moreValue Partners: Limited impact from MSCI delaying A-share inclusion
15-06-2016
MSCI stated today that it could consider the possible inclusion of China A shares in the MSCI Emerging Markets Index as soon as the issues it has...
Read moreWindow of opportunities in Chinese equities
27-04-2016
The Chinese stockmarket went through a turbulent first quarter of the year with the CSI 300 Index and MSCI China Index declining 13.4% and 4.8%...
Read moreH shares trading at compelling level
27-01-2016
The Chinese stockmarket went through a bumpy ride in 2015 and started the new year with a selling frenzy. The stockmarket suspensions in the first...
Read more2016 China Market Outlook
04-01-2016
As market volatility prevails, what is the outlook for 2016? How shall investors adjust their investment strategies? 1. China’s stockmarket has...
Read moreAsian high-dividend stocks preferred in a volatile environment
30-09-2015
August 2015 was a challenging month for global equities as majority of the key markets were in the red. While Asia ex-Japan equities...
Read more2015 2H China Market Outlook
31-07-2015
Entering the second half of 2015, Chinese markets have been spooked by concerns over its economic growth and financial market stability.1. How do...
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