The Matthews Pacific Tiger Fund (Trades, Portfolio) lost 1.3% in its returns in 2015, a rather sharp drop from its 11.79% return rate the year before, but remained true to its commitment to Asian investments in its first-quarter deals.
The fund trimmed its stake in Swire Pacific Ltd. (HKSE:00019, Financial), a London-based conglomerate with core businesses in property, aviation, beverages and marine services, by nearly 38% with the sale of 1.7 million shares for an average price of HK$77.61 ($10 in U.S. currency) per share. The deal had a -0.29% impact on the fund’s portfolio.
The remaining stake of 2,813,000 shares is 0.36% of Swire Pacific’s outstanding shares and 0.46% of the fund’s total assets. Matthews Pacific Tiger Fund (Trades, Portfolio) is Swire Pacific’s only shareholder among the gurus.
Swire Pacific has a P/E of 4.8, a forward P/E of 2.4, a P/B of 0.3 and a P/S of 1.1. GuruFocus gives Swire Pacific a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Swire Pacific sold for HK$83 ($10.69 in American dollars) per share Thursday.
The fund cut its stake in Hang Lung Group Ltd. (HKSE:00010, Financial), a Hong Kong-based company involved in real estate, car park management, property management and dry cleaning, by more than 27%. The fund sold 5,838,000 shares for an average price of HK$21.55 ($2.78 in U.S. money) per share. The transaction had a -0.29% impact on the fund’s portfolio.
The remaining stake of 15,715,000 shares is 1.16% of Hang Lung’s outstanding shares and 0.69% of the fund’s total assets. The fund is Hang Lung’s leading shareholder among the gurus.
Hang Lung has a P/E of 9.7, a P/B of 0.4 and a P/S of 3.3. GuruFocus gives Hang Lung a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
Hang Lung sold for HK$22.20 ($2.86 in American currency) per share Thursday.
The fund reduced its stake in PT Astra International Tbk. (ISX:ASII, Financial), an Indonesian conglomerate, by nearly 26%. The fund sold 34 million shares for an average price of IDR 6,593.03 (50 cents in U.S. dollars) per share. The deal had a -0.22% impact on the fund’s portfolio.
The remaining stake of 98,745,900 shares – the ninth-largest stake in the fund’s portfolio – is 0.24% of PT Astra International’s outstanding shares and 0.82% of the fund’s total assets. The fund is PT Astra International’s only shareholder among the gurus.
PT Astra International has a P/E of 18.6, a P/B of 2.6 and a P/S of 1.5. GuruFocus gives PT Astra International a Financial Strength rating of 4/10 and a Profitability and Growth rating of 6/10.
PT Astra International sold for IDR 6,650 (50 cents in American money) per share Thursday.
The fund slashed its stake in Kasikornbank Public Co. Ltd. (KPCUF, Financial), a Bangkok-based banking and financial services company, by nearly 96%, selling 3,411,800 shares for an average price of $4.18 per share. The deal had a -0.21% impact on the fund’s portfolio.
The remaining stake of 150,000 shares is 0.01% of Kasikornbank’s outstanding shares and 0.01% of the fund’s total assets.
KPCUF has a P/E of 9.8, a forward P/E of 7.4, a P/B of 1.4 and a P/S of 1.5.
KPCUF sold for $4.7 per share Thursday.
The fund increased its stake in Kasikornbank’s BKK:KBANK component shares by more than 34% with the acquisition of 3,411,800 shares for an average price of à ¸¿166.72 ($4.74 in U.S. currency) per share. The transaction had a 0.25% impact on the fund’s portfolio.
The stake, now 13,427,700 shares, is 0.56% of BKK:KBANK’s outstanding shares and 1% of the fund’s total assets.
The fund is Kasikornbank’s only shareholder among the gurus.
BKK:KBANK has a P/E of 9.8, a forward P/E of 7.6, a P/B of 1.3 and a P/S of 1.5.
GuruFocus gives Kasikornbank a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
BKK:KBANK sold for à ¸¿163 ($4.64 in American dollars) per share Thursday.
The fund trimmed its stake in AmorePacific Corp. (XKRX:090430), a South Korean cosmetics company, by more than 8% with the sale of 37,210 shares for an average price of â‚©385,923 ($332.67 in U.S. money) per share. The deal had a -0.2% impact on the fund’s portfolio.
The remaining stake of 425,972 shares is 0.73% of AmorePacific’s outstanding shares and 2.19% of the fund’s total assets. The fund is AmorePacific’s leading shareholder among the gurus.
AmorePacific has a P/E of 79.4, a P/B of 7.5 and a P/S of 6.6. GuruFocus gives AmorePacific a Financial Strength rating of 10/10 with no debt and a Profitability and Growth rating of 8/10.
AmorePacific sold for â‚©425,500 ($366.78 in American currency) per share Thursday.
The fund reduced its stake in China Vanke Co. Ltd. (HKSE:02202), a Chinese real estate developer, by nearly 10% with the sale of 2,750,000 shares for an average price of HK$18.2 ($2.34 in U.S. dollars) per share. The transaction had a -0.12% impact on the fund’s portfolio.
The remaining stake of 25,497,704 shares is 0.23% of China Vanke’s outstanding shares and 0.95% of the fund’s total assets. The fund is China Vanke’s leading shareholder among the gurus.
China Vanke has a P/E of 14.6, a forward P/E of 4.9, a P/B of 2.7 and a P/S of 1.3. GuruFocus gives China Vanke a Financial Strength rating of 5/10 and a Profitability and Growth rating of 7/10.
China Vanke sold for HK$18.88 ($2.43 in American money) per share Thursday.
The fund trimmed its stake in Siam Cement PCL (BKK:SCC), Thailand’s largest cement company, by more than 6%. The fund sold 550,000 shares for an average price of à ¸¿439.38 ($12.50 in U.S. currency) per share. The deal had a -0.11% impact on the fund’s portfolio.
The remaining stake of 8,322,950 shares is 0.69% of Siam Cement’s outstanding shares and 1.67% of the fund’s total assets. The fund is Siam Cement’s only shareholder among the gurus.
Siam Cement has a P/E of 12.7, a P/B of 2.8 and a P/S of 1.3. GuruFocus gives Siam Cement a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Siam Cement sold for à ¸¿482 ($13.71 in American dollars) per share Thursday.
In its only new buy of the quarter, the fund invested in a 41,643,230-share stake in Hyflux Ltd. (SGX:600), an environmental solutions company based in Singapore. The fund paid an average price of S$0.55 (41 cents in U.S. money) per share. The transaction had a 0.28% impact on the fund’s portfolio.
The stake is 5.3% of Hyflux’s outstanding shares and 0.28% of the fund’s total assets. The fund is Hyflux’s only shareholder among the gurus.
Hyflux has a P/E of 60.5, a P/B of 0.4 and a P/S of 1.1. GuruFocus gives Hyflux a Financial Strength rating of 7/10 and a Profitability and Growth rating of 5/10.
Hyflux sold for S$0.58 (43 cents in American currency) per share Thursday.
The fund boosted its stake in Tasly Pharmaceutical Group Co. Ltd. (SHSE:600535), a Chinese pharmaceutical company, by almost 26%. The fund purchased 2,099,880 shares for an average price of CN¥35.58 ($5.48 in U.S. dollars). The deal had a 0.19% impact on the fund’s portfolio.
The stake, now 10,220,127 shares, is 0.95% of Tasly’s outstanding shares and 0.93% of the fund’s total assets. The fund is Tasly’s only shareholder among the gurus.
Tasly has a P/E of 27.1, a P/B of 5 and a P/S of 2.9. GuruFocus gives Tasly a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Tasly sold for CNÂĄ35.91 ($5.53 in American money) per share Thursday.
The fund raised its stake in AIA Group Ltd. (HKSE:01299), a Hong Kong-based insurance and financial services company, by more than 8% with the purchase of 1.5 million shares for an average price of HK$41.58 ($5.36 in U.S. currency) per share. The transaction had a 0.13% impact on the fund’s portfolio.
The stake, now 20,140,800 shares, is 0.17% of AIA Group’s outstanding shares and 1.74% of the fund’s total assets. The fund is AIA Group’s only shareholder among the gurus.
AIA Group has a P/E of 136.1, a forward P/E of 14.3, a P/B of 2.4 and a P/S of 3. GuruFocus gives AIA Group a Financial Strength rating of 6/10 and a Profitability and Growth rating of 6/10.
AIA Group sold for HK$45.80 ($5.90 in American dollars) per share Thursday.
The fund hiked its stake in Fuyao Glass Industry Group Co. Ltd. (HKSE:03606), a Chinese manufacturer and distributor of glass products, by more than 9%. The fund acquired 3 million shares for an average price of HK$16.76 ($2.16 in U.S. money) per share. The deal had a 0.11% impact on the fund’s portfolio.
The stake, now 34,836,000 shares, is 1.39% of Fuyao’s outstanding shares and 1.28% of the fund’s total assets. The fund is Fuyao’s only shareholder among the gurus.
Fuyao has a P/E of 13.8, a P/B of 2.1 and a P/S of 2.6. GuruFocus gives Fuyao a Financial Strength rating of 6/10 and a Profitability and Growth rating of 7/10.
Fuyao sold for HK$17.44 ($2.25 in American currency) per share Thursday.
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