Asian Asset Plays - Bargains or Traps?
In Asia, a high percentage of stocks tend to trade at a discount to their Net Tangible Assets (NTA). For example, in Singapore, 32% of companies on the exchange are currently trading at a 20% or higher discount to NTA. When looking for value, are these 'asset-plays' bargains, or are they trading at that price for a reason? (VIEW LINK)
Steve began Forager Funds in 2009, and now manages approximately $470m across two funds. Offering a listed Australian Shares Fund (FOR) and an unlisted International Shares Fund, Steve focuses on long-term investing in undervalued companies.