Indus Capital Partners

We were honored to be invited to FEG's podcast hosted by Gregory Dowling, CFA, CAIA. We hope you will listen to this conversation with our partner and portfolio manager Howard Smith about the current investment landscape in Japan, Howard's journey as a Japan investor and key factors contributing to Japan's resurgence. - **Corporate Reforms and Manufacturing Base**: Japan is experiencing a revival in investor interest driven by corporate reforms and a robust manufacturing sector but also geopolitical re-alignment with the West. - **Strategic Positioning**: Japan's strategic positioning as an alternative to China attracts investors, offering stability and opportunities in high-tech industries like semiconductors and robotics. - **Global Tech Supply Chain**: Japan plays a vital role in the global tech supply chain, while benefiting from lower valuations compared to Western markets. - **Corporate Governance Renaissance**: Japan has enhanced corporate governance practices with increased board independence and better capital allocation, fostering investor confidence. Indus' Byron Gill, CFA serves as an independent director of the Board at Fujitsu - a major appointment for a foreign shareholder at a blue-chip Japanese company. - **Foreign Investment**: The potential takeover of Seven & I Holdings by Couche Tard reflects Japan's increasing attractiveness to foreign investment. - **Market Volatility**: The yen carry trade unwind led to significant market volatility over the summer, impacting investment decisions but also creating new alpha opportunities. - **Debt Sustainability**: Japan's high public debt levels remain sustainable due to low interest rates and central bank holdings, mitigating financial risks. Investors are closely monitoring Japan's evolving economic and capital markets landscape, considering both the opportunities and risks presented by its resurgence. Investors who continue to ignore Japan may end up missing out on profound transformations at micro and macro levels. Please listen to this episode to learn more! #InvestmentOpportunities #JapanEconomy #Japan #IndusCapital https://lnkd.in/evbBVXMH

Thank you Lisa Du and Bloomberg News for the excellent reporting and to Howard Smith for sharing his views as a long term investor in Japan. “It’s an important litmus test for Japan,” said Howard Smith, a portfolio manager at Indus Capital Partners who holds a position in Seven & i. “It will be looked at globally by investors and strategic buyers as to the appeal and ease of doing mergers and acquisitions in Japan.”

As part of our IndusNOW series, we’re excited to share a short video presented by Paul Chanin, our Partner and research analyst specializing in technology. At Indus Capital Partners, we have been closely monitoring the rise of AI and the global significance of semiconductors for over five years. In this three-minute video, we delve into the semiconductor supply chain, the growing geopolitical importance of chips, and the critical role Asian companies play in this process. While the topic is complex, we hope this video helps clarify the nuances of the semiconductor value chain and highlights the importance of Asian companies in this global industry. #asia #induscapital #geopolitics #semiconductors #AI #ChipWars #investing #japan #taiwan #china #korea

Last week, Indus Capital Partners had the opportunity to volunteer at the New York Common Pantry (NYCP). Our team spent the afternoon at the Harlem Choice Pantry location and was tasked with taking orders, bagging and distributing fresh produce and various shelf-stable items to NYCP guests. This allowed us to support NYCP’s mission to reduce hunger and foster self-sufficiency and long-term independence for low-income New Yorkers. We really enjoyed and appreciated the opportunity!   #induscapital #NYCP #foodpantry #foodinsecurity #fighthunger #fightpoverty

Thank you for joining us at our 26th Annual Invitational Golf Outing! Your presence and support made the day truly special and significantly contributed to our mission of igniting the potential of New York City youth. Thanks to your generosity, we can continue providing opportunities to build the next generation of leaders! Whether you played a round of golf, bid in the auctions, or simply joined us for the festivities, your involvement has helped us generate valuable resources. Thank you to our Presenting Sponsor, Indus Capital Partners. Thank you to our Event Chair, Michael Conway, and our Event Committee, Anthony L. Abenante and Tom Grossman. And finally, shoutout to Bigs Christopher Gleason and Samuel Wexler for sharing your mentoring journey with us. We hope your story continues to inspire others to become a Big! We hope to play another round with you soon!

James Shannon, CEO of Indus Capital Partners, sat down with Guy Adami and Kaitlin Malin, CFA, CAIA on this week's On The Tape podcast. Together they chat about the current market drivers across Asia, with a particular focus on the positive structural governance changes in Japan, the relationship between elections and markets in places like India, and the ongoing semiconductor "Chip Wars". Thank you to RiskReversal Media and the team at iConnections for their partnership!

Last week, Howard Smith, Partner and Portfolio Manager of our Japan-dedicated strategies, had the honor of speaking at the Citi Private Bank 2024 Family Office Leadership Program. Howard and Vibhor Rastogi shared thoughtful perspectives and valuable insights on the opportunity set in Japan and India. Many thanks to Bernard Wai for moderating the discussion! #induscapital #asia #japan #familyoffice #citiprivatebank

We continue to believe in the growth and corporate governance story in Japan, but little is discussed about what is happening in both China and Korea. Our Partner & Portfolio Manager for Indus Select, John Pinkel, CFA, recently returned from meetings with key professionals in both locations after spending many years living in and studying these markets. Thank you to Samuel Shen, Summer Zhen and Reuters News Agency for their timely reporting. This mimics Japan's corporate reform and South Korea's "Value Up" program, said John Pinkel, CFA, partner of New-York-based hedge fund Indus Capital Partners, which recently added China exposure. "The common denominator of these positions: they all have large cash positions, are buying back shares or increasing dividends, and we like their business models."

Good reporting from Summer Zhen of Reuters News Agency. Indus Capital, a New York-based hedge fund, remains underweight on China, although it has recently added some stocks. "The market still offers us more short opportunities than longs, particularly as we encounter more volatility due to ongoing economic challenges," said Byron Gill, CFA, managing partner at Indus Capital Partners, citing the country's increasing deflation pressures. #induscapital #asia #china #reuters

Our Managing Partner, Byron Gill, CFA, had the honor of joining the Harvard Kennedy School China Conference in April. Alongside fellow panelists, Byron engaged in an insightful discussion on the intricate intersections of China, semiconductors, geopolitics and policy. Special gratitude extends to Jason Hsu for moderating this enriching dialogue between distinguished thought leaders and policy experts. #semiconductors #geopolitics #china #investments #induscapitalpartners