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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)                          ...
Natural Gas Demand  Non-OECD Asia Net Natural Gas Trade 2008-2035 (trillion cubic feet)World Natural Gas consumption      ...
Electricity ConsumptionTrillion kilowatt-hours                                  Source: U.S. Energy Information Administra...
Changing demographics                  Source: McKinsey Insights China
High Saving RateSource: World Bank, 2011
Shift in GDP Composition Less Investment & Export  More Consumption                                          Source: FT.c...
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: G...
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...
Fund Asset Allocation
Portfolio Holding
China National Offshore Oil                                        Fundamental                                        •   ...
CHINA Mobile Limited                                       Fundamental                                      •     Revenue ...
CHINA Mobile Limited
ICBC                                            Fundamental                                            •    Revenue – 771....
Anhui Conch Cement Company Limited                                         Fundamental                                    ...
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            Alterna...
Why Invest in Gold ?  InflationEconomic Crisis                  Store of Value                           Value            ...
Why Invest in Gold ?   InflationEconomic CrisisCentral bank ReserveUSD WeaknessLower Interest Rate                        ...
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....
Newmont Mining                                            Fundamental                                            •    Reve...
BHP Billiton                                          Fundamental                                          •    Revenue – ...
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
Phillip Thailand Offshore Private Fund
Phillip Thailand Offshore Private Fund
Phillip Thailand Offshore Private Fund
Phillip Thailand Offshore Private Fund
Phillip Thailand Offshore Private Fund
Phillip Thailand Offshore Private Fund
Phillip Thailand Offshore Private Fund
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Phillip Thailand Offshore Private Fund

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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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  • Transcript of "Phillip Thailand Offshore Private Fund"

    1. 1. The 2nd in World GDP and Rising Source: GE Presentation
    2. 2. The 2nd in World GDP and Rising Source: GE Presentation
    3. 3. Beat Target over 11 Years in a row Source: CEIC, Central Government’s Website, CLSA Asia-Pacific Markets
    4. 4. Beat Target over 11 Years in a row Source: CEIC, Central Government’s Website, CLSA Asia-Pacific Markets
    5. 5. Energy Consumption in ChinaEnergy consumption in US, China and India 1990-2035 (quadrillion Btu) Source: U.S. Energy Information Administration Source: McKinsey Insights China
    6. 6. 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
    7. 7. Electricity ConsumptionTrillion kilowatt-hours Source: U.S. Energy Information Administration Source: McKinsey Insights China
    8. 8. Changing demographics Source: McKinsey Insights China
    9. 9. High Saving RateSource: World Bank, 2011
    10. 10. Shift in GDP Composition Less Investment & Export  More Consumption Source: FT.comGDP = CONSUMP + INVEST + GOVT + (EX – IM)
    11. 11. Low Debt Per GDP
    12. 12. Interest Rate Cut move Stock Market
    13. 13. Excess Liquidity Move Stock WHEN MONEY SUPPLY GROW MORE THAN GDPHK MARKET GOES UP
    14. 14. Yuan Appreciation2005 CNY Revaluation Source: XE.com
    15. 15. New City New Transport System Source: Yum Brand Presentation
    16. 16. Infrastructure Champion$900B + infrastructure funding only China alone Source: GE Presentation
    17. 17. Infrastructure Champion Source: GE Presentation
    18. 18. High Speed Rails & RoadsSource: Morgan Stanley Research
    19. 19. Low PE compared to History Source: USFunds.com
    20. 20. 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
    21. 21. Fund Asset Allocation
    22. 22. Portfolio Holding
    23. 23. 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
    24. 24. 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
    25. 25. CHINA Mobile Limited
    26. 26. 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
    27. 27. 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
    28. 28. Anhui Conch Cement Company Limited Source: FT.com/ Businessweek.com/ Reuters.com As of 28/6/12
    29. 29. Why Invest in Gold ? Store of Value Safe Haven Alternative Currency
    30. 30. Why Invest in Gold ?Inflation Store of Value Value Safe Haven Alternative Currency
    31. 31. Why Invest in Gold ? InflationEconomic Crisis Store of Value Value Safe Haven War Alternative Currency
    32. 32. Why Invest in Gold ? InflationEconomic CrisisCentral bank ReserveUSD WeaknessLower Interest Rate Store of Value ValueMoney into risk asset Safe Haven War Alternative Currency
    33. 33. Gold vs. Dollar
    34. 34. Gold vs. Dollar
    35. 35. SPDR Gold Trust
    36. 36. 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
    37. 37. 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
    38. 38. 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
    39. 39. Agricultures Source: USAID.gov As of 28/6/12
    40. 40. Agricultures Source: USAID.gov As of 28/6/12
    41. 41. PowerShares DB Agricultures
    42. 42. Department Organization Chart
    43. 43. Department Organization Chart
    44. 44. Our Investment Approach
    45. 45. Our Investment Process
    46. 46. Our Investment Process
    47. 47. Performance Summary
    48. 48. Thank YouQuestions &Answers

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