Here’s a presentation I prepared personally outlining the compelling case for investing in Hong Leong Finance. It’s my second best idea with regards to Singapore equities this year and I hope you enjoy it. The underlying idea is simple, Hong Leong Finance (HLF) trades at a significant discount to book value. If you look at the long term track record of the company, it is not unreasonable for us to expect the company to earn at least a 1% return on assets, and trade at at least tangible book value. Check the presentation out for more info... ...