On January 20, 2017, we had the chance to catch up with Chan H. Lee, who happened to be in Singapore for business, over lunch. We had previously interviewed Albert H. Yong and Chan H. Lee in Hong Kong during the Asia Value Investor Conference 2015, which can be found here.

Albert and Chan are the managing partners of Petra Capital Management (“Petra”) – a long-term deep value-oriented firm based in Korea. Since its inception in September 2009, the Petra portfolio has yielded an annualised return of 14.9% net of all fees. The KOSPI Index, on the other hand, had an annualised return of 3.1% over the same period. Undoubtedly, it is an impressive record from an absolute or relative point of view.

Samsung’s stellar performance

Over the course of 2016, we have seen the stock price of Samsung Electronics suffer a couple of dips especially after the ...