Chili Crabs Whet Samsung Asset's Appetite Amid Singapore Slump
- Money manager sees spots of value even as stock market sinks
- Singapore Air, Jumbo Group have potential, Richardson says
Chilli crab.
Photographer: The Sydney Morning Herald/Fairfax Media via Getty ImagesThis article is for subscribers only.
For investors reeling after the first annual loss for Singapore stocks in four years, there may be comfort in chili crabs and airline travel.
While the outlook remains bleak for Singapore shares following the second-worst performance among developed markets last year, Alan Richardson of Samsung Asset Management Ltd. is seeing flashes of opportunity. The Hong Kong-based money manager, who shunned Southeast Asia’s largest equity market in 2015, spots potential in companies such as Singapore Airlines Ltd. and Jumbo Group Ltd., the restaurant company that went public in November. Bank Julius Baer & Co., meanwhile, is drawn to real estate investment trusts.