Hi, everyone. Welcome back to another episode of The Asia Report. Today, I’m going to be talking about deep value investing in Singapore. Let’s just get the ball rolling. When we first look at a market, there are mainly two types of investing. Number one, you can be looking at the much larger cap companies, essentially companies in the STI, companies like UOB, OCBC, DBS and City Developments. Then you have the small to mid-size companies which really have very little research or analyst coverage. Those are the two kinds of opportunities that I see. I’m going to talk about the first one which is the large cap stocks in general.

I like the Singapore market, because the Singapore market is very small. It’s a lot easier to understand than a big market like the U.S. or even Hong Kong for that matter, especially if the operations of the …