{"product_id":"value-investing-in-asia-isbn-9781119391180","title":"Value Investing in Asia","description":"\u003cb\u003eA practical, step-by-step guide to value investing in Asian stocks\u003c\/b\u003e \u003cp\u003e\u003ci\u003eValue Investing in Asia\u003c\/i\u003e offers a uniquely targeted guide to investors seeking new opportunities in Asian markets. Most value investing advice is geared toward US markets, leaving out the key guidance that pertains specifically to investing in publicly listed Asian companies — guidance that is critical for success. This book focuses on the opportunities and challenges of Asian markets, including current and historical case studies that illustrate various successes, risks and pitfalls. Step-by-step guidance helps you unearth great opportunities in Asia; from understanding the macroeconomic situation, to narrowing down on specific investment opportunities. Invaluable for both new and experienced investors, this practical reference shows you how to apply value investing principles specifically to Asian stocks. \u003c\/p\u003e\u003cp\u003eInvesting in Asia comes with an inherent set of unique challenges that must be understood before any decisions are made; some of these challenges are the result of operating practices, some are the result of regulatory issues and others come from the markets themselves — yet regardless of the source, value investors in particular bear the brunt of the obstacles. This book shows you what you need to know, and how to invest intelligently in Asian companies. \u003c\/p\u003e\u003cul\u003e \u003cli\u003eStep-by-step approach guides investors towards the practical application of value investing principles in Asia\u003c\/li\u003e \u003cli\u003eNavigate the challenges unique to Asian investing\u003c\/li\u003e \u003cli\u003eExamine real-life case studies that illustrate both risk and opportunity\u003c\/li\u003e \u003cli\u003eDelve into the key markets in Greater China and South-East Asia\u003c\/li\u003e \u003cli\u003eIncludes exclusive interviews with well-known value investors in Asia\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eDespite the challenges and risks, Asian markets represent significant opportunity — especially for investors seeking value. \u003ci\u003eValue Investing in Asia\u003c\/i\u003e offers a practical reference for new and experienced investors, with real-world guidance toward intelligently investing in Asian markets. \u003c\/p\u003e\u003cp\u003eDisclaimer vii\u003c\/p\u003e \u003cp\u003eForeword xiii\u003c\/p\u003e \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003eAbout the Authors xxi\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 1 Value Investing in Asia 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFinding Value\u003c\/p\u003e \u003cp\u003eThe Investor and the Market\u003c\/p\u003e \u003cp\u003eWhy Value Investing Works\u003c\/p\u003e \u003cp\u003eThree Types of Value to Be Found\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 2 Key Developments in Asia 11\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Is in Asia?\u003c\/p\u003e \u003cp\u003eWhat Has Happened in Asia?\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 3 Uniquely Asia 31\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat Asia Has Going for It\u003c\/p\u003e \u003cp\u003eCorporate Governance in Asia\u003c\/p\u003e \u003cp\u003eShareholder Structure\u003c\/p\u003e \u003cp\u003eSuccession\u003c\/p\u003e \u003cp\u003eDisclosure and Transparency\u003c\/p\u003e \u003cp\u003e“Smart” Money Gets Hit Too\u003c\/p\u003e \u003cp\u003eGovernment – The Elephant in the Room\u003c\/p\u003e \u003cp\u003eDon’t Bet Your House on Legal Prosecution\u003c\/p\u003e \u003cp\u003eActivism and Shorting\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 4 The Future of Investing in Asia 75\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eASEAN, Pushing Ahead\u003c\/p\u003e \u003cp\u003eThe Wall Street of Asia\u003c\/p\u003e \u003cp\u003eFrom ‘‘Guanxi’’ to Transparency\u003c\/p\u003e \u003cp\u003eThe Future of Healthcare\u003c\/p\u003e \u003cp\u003eThe Asian Consumer Story Lives On\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 5 Using the Right Process 89\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eAsset Value\u003c\/p\u003e \u003cp\u003eCurrent Earning Power Value\u003c\/p\u003e \u003cp\u003eGrowth Value\u003c\/p\u003e \u003cp\u003eSpecial Situations\u003c\/p\u003e \u003cp\u003eNarrow Your Search – Screening\u003c\/p\u003e \u003cp\u003eScreen Your Screens\u003c\/p\u003e \u003cp\u003eThe 5-Fingers Rule\u003c\/p\u003e \u003cp\u003eThe Importance of the 5-Fingers Rule\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 6 Research Like a Businessman 115\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eGetting the Right Data\u003c\/p\u003e \u003cp\u003eAnnual Reports Are Your Best Friend\u003c\/p\u003e \u003cp\u003eMaking Sense of an Annual Report\u003c\/p\u003e \u003cp\u003eDon’t Stop at One\u003c\/p\u003e \u003cp\u003eWhy Should I Read a Competitor’s Annual Report?\u003c\/p\u003e \u003cp\u003eWho Do I Speak To?\u003c\/p\u003e \u003cp\u003eIt is More Than Just the Numbers\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 7 Finding Red Flags 141\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eWhat are Red Flags?\u003c\/p\u003e \u003cp\u003eAuditor’s Opinion\u003c\/p\u003e \u003cp\u003eFinancial Red Flags\u003c\/p\u003e \u003cp\u003eNon-Financial Red Flags\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 8 Three Simple Valuation Techniques to Live By 161\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePrice-to-Book Ratio\u003c\/p\u003e \u003cp\u003ePrice-to-Earnings Ratio\u003c\/p\u003e \u003cp\u003eDiscounted Cash Flow\u003c\/p\u003e \u003cp\u003eAlways Remember Your Margin of Safety\u003c\/p\u003e \u003cp\u003e\u003cb\u003eChapter 9 How Everything Comes Together 185\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eValue Through Assets – Hongkong Land Holdings Limited\u003c\/p\u003e \u003cp\u003eCurrent Earning Power – Tingyi (Cayman Islands) Holdings Corporation\u003c\/p\u003e \u003cp\u003eGrowth in Cyclicality – First Resources Limited\u003c\/p\u003e \u003cp\u003eSpecial Situation – Dalian Wanda Commercial Properties Co., Limited\u003c\/p\u003e \u003cp\u003eHigh Growth – Tencent Holdings Limited\u003c\/p\u003e \u003cp\u003eConclusion 221\u003c\/p\u003e \u003cp\u003eInterviews 225\u003c\/p\u003e \u003cp\u003eAn Interview with Wong Kok Hoi of APS Asset Management\u003c\/p\u003e \u003cp\u003eAn Interview with Tan Chong Koay of Pheim Asset Management\u003c\/p\u003e \u003cp\u003eAn Interview with Wong Seak Eng, Kevin Tok and Eric Kong of Aggregate Asset Management\u003c\/p\u003e \u003cp\u003eAn Interview with Yeo Seng Chong of Yeoman Capital Management\u003c\/p\u003e \u003cp\u003eAn Interview with David Kuo of Motley Fool Singapore\u003c\/p\u003e \u003cp\u003eIndex 265\u003c\/p\u003e   \u003cp\u003e\u003cb\u003eSTANLEY LIM PEIR SHENQ,\u003c\/b\u003e CFA, has worked in the investment industry for many years. Most recently, he was an analyst for The Motley Fool Singapore. He has written close to 2,000 investment articles online. Stanley is currently the chief editor for ValueInvestAsia.com.  \u003c\/p\u003e\u003cp\u003e\u003cb\u003eCHEONG MUN HONG,\u003c\/b\u003e CFA, started his career as an investment analyst at a Singapore-licensed Trust Company. Over the course of his work, he has dealt with investments involving public and privately held entities. Mun Hong sits on the boards of listed companies.     \u003c\/p\u003e\u003cp\u003ePRAISE FOR \u003cb\u003eVALUE INVESTING\u003c\/b\u003e IN ASIA  \u003c\/p\u003e\u003cp\u003e\"The book is a great contribution to the investing society. Stanley and Mun Hong have been able to put together the valuable experiences and wisdom of many outstanding Asian fund managers!\"\u003cbr\u003e \u003cb\u003e —Dr. Tan Chong Koay,\u003c\/b\u003e Executive Chairman, Pheim Asset Management Sdn Bhd  \u003c\/p\u003e\u003cp\u003e\"This is not just a book about value investing. Instead, it is a manual for value investing with an Asian twist that investors with an eye on the fastest-growing region in the world will reach for whenever they have questions that need answers.\"\u003cbr\u003e \u003cb\u003e—Dr. David Kuo,\u003c\/b\u003e CEO, The Motley Fool Singapore Pte. Ltd.  \u003c\/p\u003e\u003cp\u003e\"Stanley Lim and Mun Hong have skillfully woven three things together in this book for the Asian investor: the key principles of value investing, where to identify the investment opportunities and the mine fields to side step in Asia. With these skills, the investor can  start investing in Asia.\"\u003cbr\u003e \u003cb\u003e—Wong Kok Hoi,\u003c\/b\u003e CFA, Founder \u0026amp; CIO, APS Asset Management Pte. Ltd.  \u003c\/p\u003e\u003cp\u003e\"In the search for value in Asia, discipline is key. Through easy-to-understand concepts and plenty of real life case studies, Stanley and Mun Hong have concisely detailed an investing process, incorporating quantitative and also qualitative factors to aid investors in their navigation through these waters.\"\u003cbr\u003e \u003cb\u003e —Tan Chin Hwee,\u003c\/b\u003e CFA, CA, Author of \u003ci\u003eAsian Financial Statement Analysis\u003c\/i\u003e  \u003c\/p\u003e\u003cp\u003e\"Investing in Asia is never easy because it's like navigating through a jungle. Stanley and Mun Hong have penned down a road map on how you can get in and out of the jungle safely—with your treasure intact.\"\u003cbr\u003e \u003cb\u003e —Victor Chng and Rusmin Ang,\u003c\/b\u003e Co-founders of FifthPerson.com; Authors of \u003ci\u003eValue Investing in Growth Companies\u003c\/i\u003e\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990445506789,"sku":"NP9781119391180","price":30.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119391180.jpg?v=1761787859","url":"https:\/\/k12savings.com\/es\/products\/value-investing-in-asia-isbn-9781119391180","provider":"K12savings","version":"1.0","type":"link"}