Autohome – a listed Chinese online car portal more than twice the size of carsales.com.au.
Kevin Bertoli, Portfolio Manager of the PM Capital Asian Companies Fund and the PM Capital Asian Opportunities Fund (ASX:PAF), talks about Autohome, a Chinese online car portal two and a half times bigger than Carsales.com.au. He talks about why the market has marked it down over the past 18 months, but also why its margins could double in the near term. Kevin also discusses how PM Capital found this market anomaly using its focused investment process.
We aim to build long term wealth together with our co-investors by finding and exploiting investment anomalies around the world, using a focused, patient and considered approach to finding simple investment ideas.