Overview
Symphony International Holdings is a strategic investment company investing in Asia. It says it provides opportunities for investors to gain exposure to the region’s rapidly expanding markets by investing in companies, in particularly high-growth sectors; primarily healthcare, hospitality, lifestyle and branded real estate which will benefit from the rising disposable incomes of Asia’s increasing, and increasingly aspirational, population.
Typically, it invests in transactions that involve growth capital for later-stage development and expansion, management buy-outs/buy-ins, restructurings and special situations. It may also invest a smaller portion of its investment capital in earlier-stage businesses. In addition, it invests in real estate development: the management say they develop projects designed to appeal to the evolving lifestyles of Asia’s increasingly wealthy demographic.
Fundamentals
Price
Research History
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17 Oct 2023 14 min read
QuotedData’s Investment Companies Quarterly Review – Third Quarter 2023
Third quarter of 2023 Investment Companies | Quarterly roundup | October 2023 Kindly sponsored by abrdn ‘Uncomfortable’ Following a fast start to the first half of the year, globally equities took a breather in Q3, as markets assessed the implications of the worst bond sell-off in a generation. Yields on 10-year US treasuries and UK […]
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13 Oct 2023 10 min read
QuotedData’s Investment Companies Roundup – October 2023
October 2023 Monthly roundup | Investment companies Kindly sponsored by abrdn Winners and losers in September 2023 September was defined by the ongoing US bond selloff, with global markets trending down in sympathy. Investment trust returns were negative on average for the month, although several sectors still achieved positive returns. The Royalties sector was the […]
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06 Oct 2022 9 min read
QuotedData’s Investment Companies Roundup – October 2022
Investment Companies Monthly Roundup Kindly sponsored by Baillie Gifford and abrdn October 2022 Monthly | Investment companies Winners and losers in September 2022 September’s median total share price return was -6.4% (+0.4% in August). The median NAV return over September was -1.2%. See Appendix 1 for a breakdown of how all the sectors have […]
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10 Sep 2020 6 min read
QuotedData’s Investment Companies Roundup – September 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford and Aberdeen Standard Investments Table of contents New research Performance data Discounts and premiums Money in and out Major news stories Events Guide Appendix – Performance by sector full list New research Here is a list of research we published over August: Aberdeen New Dawn – COVID positive “In […]
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06 Dec 2019 6 min read
QuotedData’s investment companies roundup – December 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Income Events New research Here is a list of research we published over November: An initiation note on Henderson High Income “We have initiated coverage on Henderson High Income (HHI). Since […]
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11 Sep 2019 3 min read
QuotedData’s investment companies roundup – September 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over August, we published notes on Aberdeen Emerging Markets and JLEN Environmental Assets . You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – appetite for risk was generally down in August, as […]
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07 Jun 2019 3 min read
QuotedData’s investment companies roundup – June 2019
Investment Companies Roundup New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was notable that risk appetite was down in May as renewed […]
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08 May 2019 3 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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4 min read
QuotedData’s economic roundup – May 2019
Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the […]
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05 Apr 2019 4 min read
QuotedData’s economic roundup – April 2019
Kindly sponsored by Polar Capital Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy […]
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22 Mar 2019 1 min read
QuotedData’s investment companies roundup – March 2019
QuotedData’s investment companies roundup – March 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2019. Kindly sponsored by Baillie Gifford. JPMorgan Chinese, Fidelity China and Pacific Horizon benefited from a booming Chinese market in […]
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13 Nov 2018 1 min read
QuotedData’s investment companies roundup – November 2018
QuotedData’s investment companies roundup – November 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2018. Kindly sponsored by Baillie Gifford. Winners and losers in October In what was generally a miserable month for equity markets, Brazil shone […]
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14 Sep 2018 1 min read
QuotedData’s investment companies roundup – September 2018
QuotedData’s investment companies roundup – September 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]
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10 Nov 2017 1 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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03 Aug 2017 1 min read
QuotedData investment companies roundup – August 2017
QuotedData investment companies roundup – August 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A couple of themes stand out […]
News
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26 Sep 2023 1 min read
Symphony International joins queue for the exit
Asian private equity fund Symphony International becomes the latest fund to adopt an orderly realisation strategy. Symphony says that, further to a strategic review by its board of directors, it has adopted an updated strategy, being an orderly realisation of its investments with a view to maximising return on investment for Symphony’s shareholders. Symphony has […]
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01 Sep 2022 2 min read
QuotedData’s morning briefing 1 September 2022
In QuotedData’s morning briefing 1 September 2022: London & Associated Properties (LAS) has posted its half-year report for the six months to 30 June 2022. During this time, the company increased its net assets by 17% to £34.2m and its shares now trade at 40.04p per share. LAS moved further away from traditional retail through […]
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18 Mar 2022 8 min read
Symphony International benefits from improving hospitality, healthcare and life style sectors
Symphony International Holdings (SIHL) has released its preliminary results for the year ended 31 December 2021. During the period, SIHL’s NAV increased by 28.94%. The chairman, Georges Gagnebin, says that the improved operating environment particularly benefited SIHL’s investments in the hospitality, healthcare, and lifestyle sectors while ongoing disruptions to supply chains facilitated stronger margins in […]
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06 Oct 2021 2 min read
QuotedData’s morning briefing 6 October 2021
In QuotedData’s morning briefing 6 October 2021: Apax X, of which Apax Global Alpha (APAX) is a limited partner, has signed a definitive agreement to acquire a majority ownership stake in Eating Recovery Center, a leading provider of eating disorder and mood and anxiety treatment in the US, in partnership with Oak HC/FT and management. […]
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29 Apr 2021 2 min read
AVI plans to unseat Symphony board
AVI plans to unseat Symphony board – Asset Value Investors is calling on shareholders of Symphony International Holdings to band together to unseat its directors. AVI owns a 15.4% stake in SIHL on behalf of institutional clients including AVI Global Trust. Having first invested in 2012, it has now been concluded that a continued approach of […]
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23 Mar 2021 4 min read
Symphony optimistic despite COVID travel hit
Symphony optimistic despite COVID travel hit – Symphony International Holdings has announced results for the year ended 31 December 2020. The NAV attributable to the ordinary shares on 31 December 2020 was US$0.7384 per share. This represents a 24.70% decline over the NAV per share of US$0.9805 at 31 December 2019. The change is predominantly due to a […]
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12 Mar 2020 1 min read
Symphony still in tune
Symphony still in tune – Symphony International delivered a 5.8% return on its NAV over 2019 (in US dollar terms). It paid a dividend of 3.5 cents. $90.7m was deployed in new investments. Symphony’s new investments include interests in two established businesses; Indo Trans Logistics, the largest independent integrated logistics company in Vietnam and ASG Hospital, […]
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28 Feb 2020 1 min read
QuotedData’s other news 28 February 2020
In QuotedData’s other news 28 February 2020: Aberdeen Standard European Logistics has announced a 4% increase in its NAV (in euro terms) which translates into a small fall in its sterling NAV as the pound strengthened following the election. The NAV moved from €1.07 to €1.11 and 94.95p to 94.21p. The company continues to pay quarterly […]
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20 Jan 2020 1 min read
Symphony International exists IHH investment with returns of 1.8x original cost
Symphony International (SIHL) has announced that it has fully exited its investment in IHH Healthcare Berhad (IHH), which it describes as one of the largest healthcare providers in the world by market capitalisation with 15,000 beds across 80 hospitals in 10 countries. SIHL invested approximately US$50m in Integrated Healthcare Hastaneler Turkey Sdn Bhd (IHT) in February 2012 that […]
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30 Dec 2019 1 min read
Symphony sells Japanese ski resort land
Symphony International Holdings has entered into binding agreements to sell land at the Niseko ski resort, in Japan, and form a new joint venture to co-develop part of the land with Hanwha Hotels & Resorts. As initally announced on 30 August 2019, Niseko Property Joint Venture (NPJV), which Symphony holds a 37.5% interest in, will sell […]
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15 Nov 2019 1 min read
QuotedData’s other news 15 November 2019
In QuotedData’s other news 15 November 2019 Princess Private equity has highlighted a press release from Partners Group – Partners Group has agreed to sell its minority equity stake in Action, Europe’s leading non-food discount retailer, on behalf of its clients. The stake will be acquired by Hellman & Friedman, a leading private equity investment firm. Partners […]
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12 Nov 2019 1 min read
Symphony invests in Smarten Spaces
Symphony invests in Smarten Spaces – Symphony International Holdings is making an investment in Smarten Spaces Pte. Limited, a Singapore based SaaS (Software-as-a-Service) company that provides software solutions for space management in commercial and industrial properties. The price hasn’t been disclosed but Symphony will get a minority position in Smarten Services and this will represent less than […]
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06 Nov 2019 1 min read
QuotedData’s other news 6 November 2019
In QuotedData’s other news 6 November 2019 Symphony International reports a 10% drop in its quarterly NAV – from $1.0915 to $0.9921 – it says falls in the value of Minor International and writedowns in its unlisted portfolio are to blame RM Secured Lending has extended the deadline for its placing to 12 November in the […]
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19 Sep 2019 1 min read
Symphony invests in eye health
Symphony invests in eye health – Symphony International Holdings is making an investment in ASG Hospital Private Limited, a full service eye-healthcare provider with operations in India, Africa and Nepal. ASG was co-founded in Rajasthan, India in 2005 by Dr. Arun Singhvi and Dr. Shashank Gang. ASG’s operations have since grown to 33 clinics, which offer […]
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30 Aug 2019 1 min read
QuotedData’s other news 30 August 2019
In QuotedData’s other news 30 August 2019 – Symphony International says that the Niseko Property Joint Venture, in which it holds a 37.5% interest, has entered into a non-binding letter of intent to sell approximately 50% of its development land site. The land was acquired in stages between 2011 and 2012 and is located in the Hirafu […]
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15 Jul 2019 1 min read
QuotedData’s other news 15 July 2019
In QuotedData’s other news 15 July 2019: The multi-strategy absolute return fund, Independent Investment Trust (IIT), reported half-year results to 31 May 2019 this morning; the NAV and shares were up by 6.5% and 4.7% respectively. Previously classified as a global fund, IIT is now falls under UK, following the Association of Investment Companies (AICs) recent […]
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1 min read
Symphony International adds to India exposure
Symphony International adds to India exposure – Asia-focused Symphony International (SIHL) has invested in a minority stake in Good Capital Partners (GCP), the general partner of Good Capital Fund I as well as the owner of investment manager, Good Capital Management. GCP is owned by Rohan Malhotra and Arjun, who founded Investopad in 2014, laying […]
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08 Jul 2019 1 min read
QuotedData’s other news 8 July 2019
In QuotedData’s other news 8 July 2019 Syncona (SYNC), a healthcare company focused on founding, building and funding global leaders in life science, has noted the announcement that its portfolio company, Freeline Therapeutics, has presented 52-week data from the first cohort of two patients in the ongoing B-AMAZE FLT180a Phase 1/2 trial in Haemophilia B at […]
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1 min read
Symphony buys significant stake in Vietnamese logistics company for $42.6m
Symphony buys significant stake in Vietnamese logistics company for $42.6m – Symphony International (SIHL) has acquired a significant minority stake in Vietnam-based Indo Trans Logistics Corporation (ITL) for a consideration of about $42.6m. About ITL SIHL says that ITL, founded in 2000 as a freight-forwarding company, has since grown to become one of Vietnam’s “national […]
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05 Jun 2019 1 min read
Symphony International backs Soothe Healthcare
Symphony International backs Soothe Healthcare – Symphony International Holdings Limited has invested in Soothe Healthcare Private Limited, a company that manufactures and distributes feminine hygiene products under the Paree and Pariz brand names predominantly in India. www.soothehealthcare.com/products/ Soothe was founded by Sahil Dharia in 2012 and operates within the fastest growing fast-moving consumer goods (“FMCG”) market […]
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06 Mar 2019 1 min read
Symphony International suffering, NAV and share price decline sharply
Symphony International suffering, NAV and share price decline sharply – Symphony International Holdings has realised a substantial loss on both share price and NAV in their 2018 results. NAV declined 24% in 2018, moving from $1.27 per share to $0.96 per share, a roughly 24% decrease. This comes as a result of one of the […]
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01 Mar 2019 1 min read
Symphony celebrates Pierre Chen investment in Liaigre
Symphony celebrates Pierre Chen investment in Liaigre – Symphony International Holdings Limited has announced that the Pierre Chen family from Taiwan has become a partner and co-owner of the Liaigre Group, together with Navis Capital Partners, Symphony and the Liaigre management team. The Liaigre brand was established in 1985 and Symphony describes it as one of […]
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05 Sep 2017 1 min read
Investment Trust Insider on Northern Investors
This year’s summer lull is a bit busier than usual with Warehouse Real Estate Investment Trust (Reit) publishing a prospectus and running around trying to raise £80 million to £150 million to buy a portfolio of multi-let urban warehouse estates. I have been occupied on a new guide for investors interested in listed private equity […]
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01 Mar 2017 4 min read
Symphony International sees NAV fall reflecting uncertainties towards the end of 2016
Symphony International Holdings Limited (SIHL) has announced its results for the year ended 31 December 2016. During the period, SIHL’s fully diluted NAV per share fell by 7.9% to US$1.1988. The company’s chairman, Pierangelo Bottinelli, says that 2016 was a volatile year but that Asia experienced more of an impact in the fourth quarter as […]
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16 Jan 2017 1 min read
Symphony International Holdings initiates buyback programme
Symphony International Holdings has announced the implementation of an ongoing buyback programme starting today. The company says that its shares continue to trade at a significant discount (approximately 32% to latest published NAV). However, it says that ‘nvestments in listed securities and cash cover the share price by 1.04 times. As such, it says that […]
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19 Aug 2016 2 min read
Symphony International benefits from improvements in listed holdings
Symphony International’s unaudited Net Asset Value at 30 June 2016 was US$712.5 million, which is 4.3% and 2.4% higher than at 31 March 2016 (US$683.2 million) and 31 December 2015, respectively. NAV per share was US$1.35 compared to US$1.29 and US$1.32, respectively, on the same dates. On a fully-diluted basis (adjusting for in-the-money vested options), […]
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05 May 2016 1 min read
Symphony International buys Christian Liaigre
Symphony International Holdings has announced today that it, together along with a co-investor, has entered into an agreement with Bridgepoint Development Capital (“BDC”), a leading European private equity fund, to acquire Financière CL SAS, the holding company of the Christian Liaigre Group (“CLG”). Since Christian Liaigre opened his design studio in 1985 in Paris, the […]
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02 Mar 2016 3 min read
Symphony NAV slips a little in 2015
Symphony International Holdings Limited has announced results for the year ended 31 December 2015. The NAV attributable to the ordinary shares on 31 December 2015 was US$1.3172 per share (US$1.3011 per share on a fully diluted basis). This represents a 2.2% decline over the NAV per share of US$1.3473 at 31 December 2014 (US$1.3356 per […]
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27 Aug 2015 1 min read
Symphony International NAV affected by Baht weakness
Symphony International says its NAV fell 5.9% to $1.2685 from $1.3473 over the first half of 2015. Symphony’s share price was $0.75 at the period end. The discount to NAV that Symphony’s share price traded on 30 June 2015 was 40.9%. They say the change in NAV was predominantly due to a weakening of the share prices […]
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25 Feb 2015 1 min read
Hotel and Restaurant business boosts Symphony’s NAV
Symphony International Holdings Limited has published Q4 figures and full year results for the year ended 31 December 2014. At 31 December 2014 the net asset value was US$705,412,021 and NAV per share was US$1.3473. This compares to NAV and NAV per share of US$767,400,667 and US$1.4657, respectively, at 30 September 2014 and represents a 14.6% increase […]
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26 Aug 2014 1 min read
Symphony International Holdings benefits from performance of Minor International and IHH Healthcare
SIHL : Symphony International Holdings benefits from performance of Minor International and IHH Healthcare Symphony International Holding’s recent interims report an 11.7% rise in its NAV during the first half of 2014 (from US$1.1759 to US$1.3131). This is primarily due to strong price performance of its holdings in IHH Healthcare and Minor International. These added US$ 9.8m and US$ […]
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07 May 2014 1 min read
Symphony International Holdings : SIHL – acquisition
Symphony International Holdings has announced that it has invested in the Wine Connection Group – a 50 strong portfolio of wine themes food and beverage outlets trading across South East Asia. Symphony International Holdings also announced today that its net asset value at the end of March 2014 was US$1.2134 (up from $1.1759 at the […]
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01 Apr 2014 1 min read
Symphony International Holdings : SIHL – final results
Symphony International Holdings has released its results for the year ended 31 December 2013. The net assert value per share was unchanged on the year at $1.18 but its discount narrowed providing an uplift in the share price from $0.68 to $0.76. They made one full disposal and one partial disposal during the year and […]
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21 Feb 2014 1 min read
Symphony International : SIHL – results for 2013
Over 2013 Symphony International’s net asset value decreased by 0.6% – foreign exchange weakness had a negative impact on the NAV. There were some minor changes to the portfolio – Minuet (a jv between the company and a Thai partner) sold 2.7ha of land in Bangkok for a price 50% higher than last time they sold […]