In recent years, the Chinese companies are engaged with “Enterprise Value Management” (市值管理) after the State Council issued directives encouraging companies to enhance Enterprise Value through corporate actions.
In this workshop, the speaker will examine the various changes in fundamentals that would lead to the re-rating (and de-rating) of companies as well as citing examples from international and local markets from the perspectives of institutional investors (fund managers). The speaker will also explore when would various corporate actions (including M&A, Spin-off, Right issues, Change in Dividend Payout, Stock Buyback and Splits) enhance shareholders’ value as well as how would sustainability investing affect Asian companies’ valuation as it is a prominent investment theme in Europe and the US.
Key topics covered:
Anthony Cheung, Managing Director, Hamon Asset Management
Prior to Hamon, Anthony served as Executive Director and Portfolio Manager, Asia Pacific at BNP Paribas in Hong Kong, as Senior Portfolio Manager at Pictet Asset Management in London and Investment Manager at Gartmore Investment Management in London. Mr Cheung holds a BSc Economics from the London School of Economics and Political Science (LSE). He serves at the Hong Kong Institute of Directors (HKIoD) as Training Committee Member and at the Chartered Institute for Securities and Investment (CISI) as Senior Representative, Asia Pacific. Mr Cheung is currently an Independent Non-executive Director of IPE Group Limited (stock code: 929.HK). He is an active participant in corporate governance, stewardship and responsible investment.
This workshop is suitable for finance professionals, accountants, board members (ED/INED), investors, and anyone who are interested in managing enterprise value through corporate actions.