Seoul/Singapore — The debacle that sent Samsung Electronics to its biggest three-day stock rout since 2012 isn’t scaring TT International and Skagen from South Korea’s biggest company. "Samsung offers exceptional value; we have added to our position," said Duncan Robertson, a portfolio manager at TT International, whose Asia Pacific Equity Fund beat 90% of peers over the past year with a 21% annual return. "The battery issue can only be a long-term threat if the company doesn’t take the correct steps to restore its brand. We have confidence that they have taken the correct steps so far." Foreign investors are braving the widest share volatility in five years after a three-day rout shaved about $23bn off Samsung’s market value, more than the size of Sri Lanka’s stock market. Troubles at the company, whose shares command a 17% weighting on the benchmark Kospi index, come amid an already fragile Korean market. Overseas funds have pulled more than $800m this week from the nation’s equit...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now