Hong Kong

Dream International (1126 HK)

World leading plush toy manufacturer with exposure to Tokyo Disneyland

CK Hutchison (1 HK)

The best-run conglomerate in Hong Kong at a ~50% NAV discount

Fairwood (52 HK)

Fairwood (52 HK) is a Hong Kong fast-food restaurant chain with 172 outlets. It serves a mix of Chinese, Japanese and Western food, catering to the tastes of white-collar workers in Hong Kong. I believe that Fairwood fills a niche. It caters to those who want low-priced meals but prefer