Dubbed the "Warren Buffet of the East", Malaysia-borned Cheah Cheng Hye is reckoned as the most successful investor in the China market.
Having started out his career as a journalist in Wall Street Journal, Mr Cheah will go on to become the most successful value investor in his generation.
His company, Value Partners, was listed in 2007 ( stock ticker: 806 HK) and became the first Asia ex-Japan listed asset management firm.
Below link is one of the most comprehensive speech Mr Cheah has provided and it detailed what is the investment process of his company.
Titled "Value-investing: Making it work in China and Asia" , it was Columbia University Keynote Speech in 2010 for tje renowned Graham & Dodd Breakfast in New York
http://www7.gsb.columbia.edu/video/v/node/989
Below provide a quick summary of the video:
Value Partners 7 steps of investing:
1) Ability to find under-valued company
2) Finding the 3Rs - The Right company, managed by the Right
people, with the Right strategy
3) Ability to make Decision - One should remove him/herself
from the analysis
*4) Deal structuring
5) Execution
6) Maintenance
7) Exit - When the known company has become common
knowledge, the is no more value to be played out
Supplementary Skills:
a) Leadership
b) Marco understanding
c) Asset allocation & Portfolio Construction
Always remember - You
shouldn't buy if seller knows more than you
