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Investment Philosophy

Investment Philosophy

Value Partners employs a bottom-up approach to stock selection, one that is based on our value investing discipline and focuses on intensive fundamental research.

Work culture and ethics are fundamental to our success.

temple-front-view_67204   A Temple of Value Investing

At Value Partners, we embrace a value-based approach in our analysis of investments, one which we foster in our culture and in the training of our investment professionals.

When we invest, we are investing in businesses – not just stocks – on the basis of our 3 “R” principles: Invest in the Right Business that is run by the Right People and is at the Right Price.

We believe that seven core skills are critical to success in investing:

  1. Organization
  2. Research
  3. Decision-Making
  4. Deal-Structuring
  5. Execution
  6. Maintenance
  7. Exit

We cultivate each of these skills at Value Partners, and adopt a team approach – ensuring that the seven skills are employed and well covered at all times.

   In-depth Company Research

Value Partners’ strong performance is the result of our solid on-the-ground research capabilities. Our investment team conducts a large number of company visits and research meetings every year.

We manage risks through developing a thorough understanding of the underlying business, and looking for a high margin of safety. This exhaustive effort is key to our proprietary research process that generates views independent from the market.

up-arrow-opposite-to-down_49195   Contrarian Investing

Successful value investors often need the courage to stick to their convictions and go against the flow. At Value Partners, we are willing to be contrarian and challenge common assumptions to add value. Being contrarian has allowed our team to be one of the earliest investors into China’s B-share market. We have been in that market since the 1990s, prior to the significant re-rating of this share class, and we adopted an aggressive position early in 2009 to take advantage of the normalization of the Chinese economy and stock valuations.