Letters by company
DBS Group Holdings Ltd
4 letters discussing DBSDF. Everything written about it on this site is on its ticker page.
- Fiduciary Management Q1 2025 Investment Strategy Outlook FMI argues that stretched technology valuations, fading momentum and erratic US tariff policy have left equities vulnerable to downside shocks. It favors durable, cash-generative businesses at discounts, and identifies FirstCash, Allegion and Sodexo as holdings with defensive or competitively advantaged business models and room for value compounding. Q1 2025 ALLE $16BDBSDF $158BFCFS $7.9B
- Tweedy, Browne Tweedy, Browne Funds Commentary, Q3 2026 Tweedy, Browne Funds added Aptiv, LVMH, Minth Group, Puregold Price Club and Toyota Motor where prices stood below conservative intrinsic-value estimates. The firm cautioned that elevated US valuations, AI infrastructure spending and speculative activity could make markets more price-sensitive, while broadening the Buybacks. Dividends + Value Fund mandate to include undervalued companies with dividends and/or repurchases. Q3 2026 ACI $6.1BAPTV $8BBGLAF $1.3B
- Cambiar Investors Cambiar International Equity Fund Commentary Cambiar International Equity Fund lagged its benchmark as an underweight technology allocation missed an AI-driven semiconductor rally, while patient holdings in Nintendo, Coloplast and MonotaRo hurt shorter-term results. The team added Canadian National Railway and MTU Aero Engines, sold Barry Callebaut, Icon and UCB, and maintained a diversified, valuation-conscious approach with greater Industrials exposure. 2Q 2026 CNI $76BICLR $15BLDNXF $62B
- Seafarer Capital Partners Portfolio Review The Seafarer Overseas Growth and Income Fund added Vinamilk on expectations that revamped products, branding and distribution can restore growth, and exited Bolsa Mexicana after its opportunities diminished. Samsung Electronics remained a significant holding despite AI-chip concerns, while the team sees China’s stimulus as reducing downside risk without ensuring robust growth. third quarter of 2024 BOMXF $1.1BSSNLF $1350T
