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Phillip Thailand Offshore Private Fund

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Discover Our Offshore Private Fund.

Discover Our Offshore Private Fund.
A Combination between China Stocks, Gold and Agriculture. Best of The Best.

The Right choice for Long-term Investors

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Phillip Thailand Offshore Private Fund Phillip Thailand Offshore Private Fund Presentation Transcript

  • The 2nd in World GDP and Rising Source: GE Presentation
  • The 2nd in World GDP and Rising Source: GE Presentation
  • Beat Target over 11 Years in a row Source: CEIC, Central Government’s Website, CLSA Asia-Pacific Markets
  • Beat Target over 11 Years in a row Source: CEIC, Central Government’s Website, CLSA Asia-Pacific Markets
  • Energy Consumption in ChinaEnergy consumption in US, China and India 1990-2035 (quadrillion Btu) Source: U.S. Energy Information Administration Source: McKinsey Insights China
  • Natural Gas Demand Non-OECD Asia Net Natural Gas Trade 2008-2035 (trillion cubic feet)World Natural Gas consumption Natural Gas consumption in non-OECD Asia 2008-2035 (trillion cubic feet) 2008-2035 (trillion cubic feet) Source: U.S. Energy Information Administration
  • Electricity ConsumptionTrillion kilowatt-hours Source: U.S. Energy Information Administration Source: McKinsey Insights China
  • Changing demographics Source: McKinsey Insights China
  • High Saving RateSource: World Bank, 2011
  • Shift in GDP Composition Less Investment & Export  More Consumption Source: FT.comGDP = CONSUMP + INVEST + GOVT + (EX – IM)
  • Low Debt Per GDP
  • Interest Rate Cut move Stock Market
  • Excess Liquidity Move Stock WHEN MONEY SUPPLY GROW MORE THAN GDPHK MARKET GOES UP
  • Yuan Appreciation2005 CNY Revaluation Source: XE.com
  • New City New Transport System Source: Yum Brand Presentation
  • Infrastructure Champion$900B + infrastructure funding only China alone Source: GE Presentation
  • Infrastructure Champion Source: GE Presentation
  • High Speed Rails & RoadsSource: Morgan Stanley Research
  • Low PE compared to History Source: USFunds.com
  • Simple 10-20 Rule Concept Buy at a P/E of 10 and Sell at a P/E of 20Date Yrs Hold Return1974 1.3 180%1982 4.8 463%1989 4.4 430%1995 2.6 126%1998 1.8 116%2008 2.2 88%2012 Buy XXX % Now P/E = 9.2 Price As of 28/6/12
  • Fund Asset Allocation
  • Portfolio Holding
  • China National Offshore Oil Fundamental • Revenue – 293.81bn HKD • Net Profit – 85.67bn HKD • EPS – 1.91 HKD Ticker: 0883 Listed: HSKI, NYSE • Debt/Equity – 14.5% • Dividend Yield – 3.55%Qualitative • P/E – 7.66X• China No.1 Offshore Producer • ROE – 29.36%• Daily production 900,000 BOE• 15 Projects under construction• 6 – 10% CAGR Next 5 years• No.3 NOC (National Oil Company) Source: FT.com/ Businessweek.com/ Reuters.com As of 28/6/12
  • CHINA Mobile Limited Fundamental • Revenue – 643.85bn HKD • Net Profit – 153.49bn HKD Ticker: 0941 • EPS – 7.56 HKD Listed: HSKI, NYSE • Debt/Equity – 4.4% • Dividend Yield – 3.97%Qualitative • P/E – 11.09X• World’s Largest Mobile Carrier • ROE – 20.52%• Subscriber 644 millions• TD-SCDMA Standard• iPhone 4S deal in Q2’12• SOE (State Owned Enterprises) Source: FT.com/ Businessweek.com/ Reuters.com As of 28/6/12
  • CHINA Mobile Limited
  • ICBC Fundamental • Revenue – 771.93bn HKD • Net Profit – 263.16bn HKD • EPS – 0.7415 HKD Ticker: 1398 Listed: HSKI, SHH • Debt/Equity – 203.68% • Dividend Yield – 5.82%Qualitative • P/E – 5.73X• The worlds most profitable bank • ROE – 22.79% with the largest market capitalization in the world, 2011• Net profit has increased yoy with the highest net profits among its peers Source: FT.com/ Businessweek.com/ Reuters.com As of 28/6/12
  • Anhui Conch Cement Company Limited Fundamental • Revenue – 59.33bn HKD • Net Profit – 14.13bn HKD Ticker: 0914 Listed: HSKI, NYSE • EPS – 2.67 HKD • Debt/Equity – 33.90%Qualitative • Dividend Yield – 2.08%• China No.1 Cement Producer • P/E – 7.93X• Products used by over 20 countries • ROE – 24.95%• "Top Quality and Sincere Service"• Earning growth contributors  rural & public housing projects• SOE (State Owned Enterprises) Source: FT.com/ Businessweek.com/ Reuters.com As of 28/6/12
  • Anhui Conch Cement Company Limited Source: FT.com/ Businessweek.com/ Reuters.com As of 28/6/12
  • Why Invest in Gold ? Store of Value Safe Haven Alternative Currency
  • Why Invest in Gold ?Inflation Store of Value Value Safe Haven Alternative Currency
  • Why Invest in Gold ? InflationEconomic Crisis Store of Value Value Safe Haven War Alternative Currency
  • Why Invest in Gold ? InflationEconomic CrisisCentral bank ReserveUSD WeaknessLower Interest Rate Store of Value ValueMoney into risk asset Safe Haven War Alternative Currency
  • Gold vs. Dollar
  • Gold vs. Dollar
  • SPDR Gold Trust
  • Gold Mining vs. Gold Price2. The mining had to “catch up” to expectations which already built into the gold markets.3. Mining companies issue new shares to raise capital that decrease EPS while Market Cap inflated a lot
  • Newmont Mining Fundamental • Revenue – 10.36bn USD • Net Profit – 502mn USD • EPS – 0.9713 HKD • Debt/Equity – 33.4% Ticker: NEM • Dividend Yield – 2.73% Listed: NYSE • P/E – 52.79XQualitative • ROE – 3.83%• A gold producer operate in North America, South America, Asia Pacific and Africa.• Gold Reserves of 98.8 million ounces Source: FT.com/ Businessweek.com/ Reuters.com As of 28/6/12
  • BHP Billiton Fundamental • Revenue – 74.40bn AUD • Net Profit – 22.25bn AUD • EPS – 4.10 AUD Ticker: BHP • Debt/Equity – 40.41% Listed: ASX • Dividend Yield – 4.25% • P/E – 8.45XQualitative • ROE – 38.59%• A largest global resources producer operate in 25 countries• Mines copper, aluminum, diamonds, uranium, iron, gold, and coal, and has proved oil reserves Source: FT.com/ Businessweek.com/ Reuters.com As of 28/6/12
  • Agricultures Source: USAID.gov As of 28/6/12
  • Agricultures Source: USAID.gov As of 28/6/12
  • PowerShares DB Agricultures
  • Department Organization Chart
  • Department Organization Chart
  • Our Investment Approach
  • Our Investment Process
  • Our Investment Process
  • Performance Summary
  • Thank YouQuestions &Answers