Samsung stock rout fails to deter foreign investors
Price weakness seen as a buying opportunity for long-term investors
Seoul
THE debacle that sent Samsung Electronics Co to its biggest three-day stock rout since 2012 isn't scaring TT International (HK) Ltd and Skagen AS from South Korea's biggest company.
"Samsung offers exceptional value; we have added to our position," said Duncan Robertson, a portfolio manager at TT International, whose Asia Pacific Equity Fund beat 90 per cent of peers over the past year with a 21 per cent annual return. "The battery issue can only be a long-term threat if the company doesn't take the correct steps to restore its brand. We have confidence that they have taken the correct steps so far."
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