I recently appeared in an episode of the Investing Ideas podcast series that is created by my friend, Stanley Lim from Value Invest Asia.
In the episode, I shared why I thought the India-based HDFC Bank looks like an attractive investment opportunity to me. I also prepared a short presentation deck: Download here
The following are some of the points I mentioned in the podcast about HDFC Bank:
- The bank has been growing every single year from 1996 to 2019.
- The bank is very conservatively managed, with even lower leverage than Singapore’s local banking stalwarts, DBS, OCBC, and UOB.
- The bank has a fanatical focus on the customer experience.
- India has amazing population tailwinds that many developed economies will envy – the working-age population of the country is expected to increase by 30% from today to 2050. China, in contrast, is expected to have a 20% decline in the working-age population over the same period.
Check out the podcast (and video) below!
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