Quotes by Henry Chan

“Historically, you never knew what you were investing in Korea as the balance sheet was unclear. You go into a secondhand kind of a car market and you dont know what you were buying, so the natural thing to do is you paid a discount to everything you looked at.”

“One thing that tended to surprise a lot of people this year is that the market was going up on the back of very little net foreign inflow.”

“Previously Korea has been one of the leveraged plays on global industrial activity. So, when people were bullish globally, people were even more bullish on Korea.”

“Red chips and large industrial shares have been outperforming recently. They have been boring and undervalued, but international investors are beginning to pay attention.”

“I think its a healthy correction, some valuations got a little high.”

“There is still a chance for loan growth to slow further, but the Chinese government is slowly loosening. If loan growth picks up, it will be good for banks.”