When we think of the Chinese companies that have been the winners of lockdown, it’s the large tech behemoths such as Alibaba and Tencent that spring to mind. But China, which competes with the US for the title of world’s biggest powerhouse, is an enormous region packed with opportunities for those willing to hunt.
We asked Asian fund managers about some of their lesser-known, more niche investment ideas:
Hon Hai (2354), also known as Foxconn, is a Taiwanese electronics manufacturer. “It’s the world’s largest contract manufacturer and a very attractive opportunity in the tech sector,” says Jason Pidcock, manager of the three-star rated Jupiter Asian Income. “In essence, it makes products for other companies. Most of its revenues currently come from Apple (AAPL), but you certainly have different electronics in your house that are assembled by this company.”
Pidcock likes the business