The ASEAN region is a relatively unloved one at the moment due to a host of factors, including an investor preference for North Asia and weak domestic earnings.
It has been a challenging third quarter and year so far (with the MSCI South East Asia down 18.8% and 22.6% in Q3 and year to date respectively). As we have observed in the past, periods of depressed sentiment can offer good opportunities to accumulate quality growth companies offering medium- to long-term growth prospects which have been overlooked or undervalued because of short-term concerns. Could Asia's 'export tigers' stage a recovery? Some characteristics of these companies might include dominant brands/franchises in under-penetrated industries such as modern retailers, part...
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