本帖隐藏的内容

UBS Asia Research Team 3
Executive summary
4
Governance stock picks
9
In the Asian context 13
Partnership with GMI
16
— Framework of
GMI’s analysis

.............................................................................16
—

Rollout of GMI ratings across Asia

.....................................................................18
Back-testing

the impact on stock performance & alpha 21
— Analysis supportive for

investment periods beyond one year..............................21
—

Methodology

......................................................................................................21
—

Performance

analysis.........................................................................................22
—

Portfolio characteristics

......................................................................................24
Case

Studies 27
— Case study 1: Bakrie

Brothers............................................................................28
—

Case Study 2: SK

Group....................................................................................33
Countries

41
— China

.................................................................................................................42
—

Hong

Kong.........................................................................................................50
—

India...................................................................................................................56
—

Indonesia

...........................................................................................................64
—

Korea

.................................................................................................................68
—

Malaysia.............................................................................................................76
—

Philippines

.........................................................................................................80
—

Singapore

..........................................................................................................84
—

Taiwan

...............................................................................................................90
—

Thailand.............................................................................................................96
Companies—Improving

101
Companies—Best Practice 123[hide]Contents page
UBS Asia Research
Team
3
Executive summary 4
Governance stock picks 9
In the Asian
context
13
Partnership with GMI 16
— Framework of GMI’s analysis

.............................................................................16
—

Rollout of GMI ratings across Asia

.....................................................................18
Back-testing

the impact on stock performance & alpha 21
— Analysis supportive for

investment periods beyond one year..............................21
—

Methodology

......................................................................................................21
—

Performance

analysis.........................................................................................22
—

Portfolio characteristics

......................................................................................24
Case

Studies 27
— Case study 1: Bakrie

Brothers............................................................................28
—

Case Study 2: SK

Group....................................................................................33
Countries

41
— China

.................................................................................................................42
—

Hong

Kong.........................................................................................................50
—

India...................................................................................................................56
—

Indonesia

...........................................................................................................64
—

Korea

.................................................................................................................68
—

Malaysia.............................................................................................................76
—

Philippines

.........................................................................................................80
—

Singapore

..........................................................................................................84
—

Taiwan

...............................................................................................................90
—

Thailand.............................................................................................................96
Companies—Improving

101
Companies—Best Practice 123