4 Companies with Vested Interest from Aberdeen Asset Management Asia

Headquartered in Aberdeen, Scotland, Aberdeen Asset Management is an international investment management group, managing assets for both institutions and private investors from offices around the world.

As of 30 June 2021, the investment firm is managing £465.3 billion (S$856.4 billion) in assets on behalf of their clients, which consists of individuals, governments, pension funds, insurers, companies, charities and foundations across 80 countries.

The company also has a wholly owned subsidiary in Asia called Aberdeen Asset Management Asia Limited.

While the fund owns stocks all over the world, they also have vested interest in several local listed companies such as:

• AEM Holdings Limited (SGX: AWX)
• Bukit Sembawang Estates Limited (SGX: B61)
• Raffles Medical Group Limited (SGX: BSL)
• Credit Bureau Asia Limited (SGX: TCU)

1) AEM Holdings Limited (SGX: AWX)

AEM Holdings Limited (“AEM”) is a global leader offering application specific intelligent system test and handling solutions for semiconductor and electronics companies serving advanced computing, 5G and AI markets. These activities are carried out through AEM Holdings’ subsidiaries in Asia, Europe and North and Central Americas.

Key Statistics

Ownership

Aberdeen Asset Management Asia Limited is the second largest shareholder in AEM, with a 6.01% stake in the company.

Other notable shareholders include Temasek Holdings, Malaysia’s Employees Provident Fund, UBS Asset Management as well as Mr. James Toh Ban Leng, who is the non-executive, non-independent director for AEM.

2) Bukit Sembawang Estates Limited (SGX: B61)

Bukit Sembawang Estates Limited (“Bukit Sembawang”) started developing landed properties in the 1950s and was incorporated in Singapore in 1967. It is one of the pioneer companies that obtained public listing on SGX Mainboard in 1968. The company focuses on property development, investment and other property-related activities.

Key Statistics

Ownership

Aberdeen Asset Management Asia Limited is the fifth largest shareholder in Bukit Sembawang, with a 1.21% stake in the company.

Other notable shareholders include the Lee Family, which founded OCBC Bank, as well as their charitable foundation, Lee Foundation. OCBC Bank’s subsidiary, Great Eastern Life Assurance, also owns a stake in Bukit Sembawang.

3) Raffles Medical Group Limited (SGX: BSL)

Raffles Medical Group Limited ("Raffles Medical”) is one of the leading integrated private healthcare providers in the region, providing a continuum of services from primary and tertiary care to health insurance for people across Asia.

Raffles Medical operates in 14 cities in five countries in Asia. These includes three tertiary hospital sand over 100 multi-disciplinary clinics, offering services such as health screening, specialist care, diagnostic radiology, dental and traditional Chinese medicine.

Key Statistics

Ownership

Aberdeen Asset Management Asia Limited is the fourth largest shareholder in Raffles Medical, with a 1.30% stake in the company.

Other notable shareholders include funds like Canadian based discretionary asset manager, Global Alpha Capitial Management Limited, Dr. Loo Choon Yong, who is the Executive Chairman and Non-Independent Director as well as his private investment vehicle, S&D Holdings Limited.

4) Credit Bureau Asia Limited (SGX: TCU)

Credit Bureau Asia (“CBA”), listed on the mainboard of Singapore Exchange, is a leading player in the credit and risk information solutions market in Southeast Asia, providing credit and risk information solutions to an extensive client base of banks, financial institutions, multinational corporations, telecommunication companies, government bodies and public agencies, local enterprises and individuals across Singapore, Malaysia, Cambodia and Myanmar.

CBA’s business has two core segments, the FI Data Business and the Non-FI Data Business, covering both consumer and commercial credit risk information.

Key Statistics

Ownership

Aberdeen Asset Management Asia Limited is the third largest shareholder in CBA, with a 4.61% stake in the company.

Other notable shareholders include Mr. Kevin Koo, who is the founder & executive chairman for CBA and Mr. William Lim, who is the executive director for CBA. Meanwhile, funds such as First Sentier Investors (Singapore) and Baring Asset Management (Asia) Limited also owns a stake in CBA.

Conclusion

In conclusion, Aberdeen Asset Management Asia Limited is exposed to different industries simply based on the 4 companies mentioned above.

With that, investors should still do their own due diligence because what worked well for these investment management firms may not be the same for retail investors.

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