|
WHO WE ARE
NetResearch Asia was founded in July 1999 by a team
of highly experienced equity analysts and fund
managers led by Kevin Scully who believed that
there was and will continue to be an important role
for independent equity research. The founders also believed
that as the stockbroking industry consolidates under
rising commission pressure, there would be a need for
stockbrokers to outsource some of their equity research
functions. NetResearch Asia prides itself in being the
first independent equity research company to
be licensed by the Monetary Authority of Singapore
to offer independent institutional quality equity research
written for the sophisticated investors. The Internet
was used as a delivery medium given its timeliness and
low costs. Please see below for a quick brief on our
directors and key management staff.
Our website www.netresearch-asia.com
was launched in Jan 2000. It offers equity research
covering companies listed on the Singapore Exchange
Limited. Our subsidiary company in Malaysia, Netresearch-Asia
Sdn Bhd was similarly licenced by the Securities Commission
in Kuala Lumpur as an Investment Advisor in Malaysia
and it launched its own website on 1 July 2001. Our
proprietary research is updated daily before the market
opens and is available to paying subscribers at our
website. A daily email advisory service highlighting
the market tone and key events for the day and the rest
of week as well as major corporate research ideas or
news is sent to registered users via email.
The main headings/sections of the website include:
a) Our Top Ideas; b) IPO Watch; c) Our take on the News;
and d) Feature articles from well-known strategists,
corporate commentators as well as our own writers giving
their views on the market. We also provide pre-open,
mid-day and closing market commentaries during the trading
day. We have a forum section on our website to primarily
allow our users to ask stock-specific questions to our
team of experienced analysts.
Since our launch, our reputation as an independent
and reliable investment advisor has grown. We were recently
chosen by AsiaWeek
as one of the most useful investment research portals
in Asia, besides Multex Investor.
As our market presence and credibility grew, we expanded
our business from equity and unit trust advisory services
to include Corporate Finance and Advisory services for
companies. Our team of equity analysts and fund managers
was expanded to include well qualified and experienced
Corporate Finance personnel. We are approved by
the Monetary Authority of Singapore to offer Corporate
Finance and Advisory services. This extension
of our Investment Advisor's licence means that we can
provide you with Corporate Finance services including
independent financial advisory on mergers and acquisitions,
lead managing initial public offerings, management of
equity placements and rights issues, and other general
advisory services, such as investor relations and corporate
restructuring. We do not however provide underwriting
services.
Our online research subscription service is available
at our website www.netresearch-asia.com
or through our business partners.
You can reach us at:
NRA Capital Pte. Ltd.
36 Robinson Road #12-05
Singapore 068877
Tel: (65)-6236 6878
Fax: (65)-6222 0093
[NRA Capital Pte. Ltd. is a licensed
Investment Advisor.]
The Team Behind NetResearch Asia
Kevin SCULLY Executive Chairman and founder
As our Managing Director, Kevin has overall responsibility
for the direction and strategy of our Group. He has
18 years experience in fundamental research and the
scars to show for it! An economist by training, Kevin
has an honours degree in economics and spent the first
two years of his working life in the regional and economics
division of the Ministry of Foreign Affairs. He then
started life as an equity analyst in the early 1980s
in Lyall & Evatt for two years before moving on to Schroder
Securities for 12 years - where he progressed from being
an analyst to Head of Research for Singapore/Malaysia
in 1989, and as Managing Director for Singapore from
1995. He was also Head of Research at Kay Hian and HSBC
Securities before starting this venture. Kevin's focus
in equity research is the consumer sector comprising
healthcare, food & beverage, autos, media and mid-small
caps. He also looks at the economy and determines the
market strategy for Singapore.
Bryan CY CHAN Managing Director Netresearch-Asia Sdn Bhd
Bryan is one of the pioneer members of the NRA Group. He has
more than 17 years of experience in fund management and research.
He joined Schroder Investment Management in Singapore in 1990 as
an analyst covering the Singapore and Malaysia stock markets,
thereafter he spent two years as a fund manager with Schroders
Far East Desk in London. He returned to Malaysia in 1994 to join
Amanah SSCM Asset Management (currently known as MIDF Amanah
Asset Management), which was then a joint venture between
Schroders and local group, Seacorp. Bryan established Netresearch-Asia
Sdn Bhd in Kuala Lumpur in 2000. The company holds an Investment
Adviser's licence issued by the Securities Commission, and specializes
in providing proprietary equity research on the Malaysian stock
market. We are amongst the research companies approved by Bursa
Malaysia to participate in the CMDF-Bursa Malaysia Research
Scheme, providing analytical research on a selected list of
Malaysian listed companies.
CHAN Meng Fatt Patrick - Non-executive Director of NetResearch Asia Holdings Pte Ltd
Patrick is a Non_Executive Director of Netresearch-asia Holdings,
the holding company of NRA Capital Pte Ltd. He has an Honours
degree in Business Administration from the National University
of Singapore. He has more than 15 years' experience in the
investment banking industry including stints in Nomura Singapore
Limited, Schroder International Merchant Bankers Limited as an
assistant director in the area of institutional fund management.
After Schroder International, Patrick joined what is now known
as ABN Amro Asia Securities (Singapore) Pte Limited as assistant
director of Institutional Sales. In 1993, he joined Citibank
N.A. as the vice president of the International Personal Banking
Division. Patrick entered the securities industry again when
he joined Schroder Securities (Singapore) Pte Ltd ("Schroder Securities")
and was subsequently appointed a director and head of institutional
sales and dealing. With the voluntary winding up of
Schroder Securities in 1998, he went on to be an Assistant
Director of equity sales at UOB Kay Hian Private Limited.
LEE Lay Wah Maggie - Advisor
Maggie has more than 20 years experience in the securities
and fund management industry and is a degree holder in
Business Administration from the University of Singapore.
The organizations she had worked in include the Monetary
Authority of Singapore, Associated Asian Securities (Pte.)
Ltd., Singapore Nomura Merchant Banking Limited, and OUB
where she specialized in fund management and was the head
of its Investment Division. In 1985, she moved on to the
Schroders group of companies in Singapore ("Schroders")
to develop the fund management business. Whilst at Schroders,
2 overseas unit trusts under her charge were rated 3 stars
and 4 stars (out of a maximum of 5 stars) by Standard & Poor
Fund Research. The unit trusts managed were very sizeable,
the fund size of one was more than 1 billion sterling pound,
which she continued to manage directly on secondment to
London in 1996. She was made a board director of Schroder
Investment Management Ltd, UK ("Schroder UK") in September
1996. In September 1997, she was appointed a director of
Schroder Investment Management International Ltd, UK. Maggie
was featured by Euromoney in 1997 as amongst the world's top
50 women in finance. Whilst in London, she continued to
manage monies for the Asia Pacific markets excluding Japan.
She left Schroders in 1999, and after a short break, joined
us in August 2000 as a Director when we were considering an IPO.
When our IPO plans were discontinued, Maggie resigned as a
Director but remains an Advisor and shareholder of Netresearch-asia
Holdings Pte Ltd, the holding company of NRA Capital Pte Ltd.
A. RESEARCH - SINGAPORE
KOH Bee Ann - Head of Research,
Co-Head of Compliance and Risk Management, Director of NRA Capital Pte Ltd
Bee Ann started her working life writing for The Straits
Times' Money Desk from 1988 to 1991. She spent some time
as the Singapore correspondent for the International Financing
Review (IFR) before joining GK Goh Research in 1992 as an
investment analyst. Her last position in GK Goh was Vice
President and Deputy Head of Research before she left in
August 2000 to join NetResearch Asia. In her many years
analyzing the Singapore stock market, Bee Ann has covered
a whole gamut of stocks from big caps to small caps and
in sectors ranging from industrial and engineering, to
retail, publishing and the old economy conglomerates.
Lynn LOOK - Associate Director [Banks, Small Caps]
Lynn has a CFA and a BBA from the National University of
Singapore. She started working life as a corporate finance
officer in Schroders between 1987-89 before joining Paul
Morgan (now SBC Warburg) as an analyst from 1989 to 1993.
She subsequently worked as a senior analyst at HG Asia (1993-94),
Crosby (1994-95) and most recently at ABN Amro Securities (1995-99).
She left the broking industry in 1999 to start a family
but returned to join NetResearch Asia in 2000. She has a
total of more than twelve years equity research experience.
Angelia PHUA - Associate Director [Property]
Angelia has a BAcc from Nanyang Technological University
and a Master of Finance degree from Royal Melbourne Institute
of Technology. She has about six years experience in
investment research/advisory, primarily in the property
sector, at stockbroking and property consultancy firms
including OUB Securities, RHB-Cathay Securities and Colliers
Jardine. She also has three years of experience in wealth
management. She left the banking and finance industry for
about two-and-half years to start a family and returned to
the financial market as an investment analyst in 2006. She
joined NRA Capital Pte Ltd in March 2007.
Maureen CHIA - Senior Investment Analyst [Property, Small Caps]
Maureen has nearly 10 years of investment research experience,
with the first 6 years at Tat Lee Securities and the
subsequent Keppel Securities after the merger. She later
joined RHB-Cathay in August 2000, with focus still very
much on the Technology sector. After RHB was sold in September
2001 and the research dept closed down, Maureen joined JM Sassoon
and started coverage of the consumer and property sectors.
Due to the ongoing consolidation within the broking industry,
JM Sassoon was also sold in March 2003, following which Maureen
joined NRA as a senior investment analyst.
FOO Sze Ming - Investment Analyst [Technology, Telecoms]
Sze Ming graduated from Nanyang Technological University
with a Bachelor of Business, specializing in banking and
finance. He joined NRA Capital shortly after graduation.
Currently, Sze Ming's sector of focus is in the area of
telecoms, technology and manufacturing.
KUM Aun Nee - Investment Analyst [Consumer, real estate, industrials]
Aun Nee has a Bachelor of Accountancy from the Singapore
Management University. She joined the NRA research team in
2006 to analyze small caps in a range of sectors including
consumers, real estate, and textile.
David ZHANG - Investment Analyst [Technology, Small Caps]
David Zhang graduated from Nanyang Technological University
in 2006 with a Bachelor of Business specializing in banking
and finance. He joined NRA capital in March 2007. Currently
his research coverage includes small caps in different industries
ranging from technology to pharmaceuticals.
A. RESEARCH MALAYSIA
LIM Boon Ngee Associate Director
Boon Ngee has more than 14 years of investment research experience,
having begun his professional career in 1994 with PI Capital
Research, before moving to HLG Securities. He was with NikPac
Capital Markets Research, and joined Netresearch-Asia in 2000.
A senior analyst covering the Malaysian stockmarket, Boon Ngees
research experience spans the consumer, auto, manufacturing
and retail sectors.
NASRUDIN Bin Mad Hashim Analyst
Nasrudin began his career as senior auditor in 1997 before
joining the NRA Group in 2003. He has more than 4 years
experience covering the consumer sector as well as
MESDAQ companies in Malaysia.
B. CORPORATE ADVISORY
Vicky HAN Head of Corporate Advisory - Director
Vicky has a Bachelors Degree in Accountancy from the National
University of Singapore. She has more than 20 years experience
in the Singapore capital markets as Vice President Corporate
Finance in institutions such as Schroders Merchant Bank (SIMBL),
First National Bank of Chicago, DBS Bank, Sanwa Bank and OCBC
Bank. She was also an Assistant Director at UOB Kay Hian before
joining NRA Capital in 2005 as Director of Corporate Advisory.
She assumed the position of Head of Corporate Advisory in January 2008.
LEE Jon Yin Raymond Head of Risk Management &
Compliance, Director of NRA Capital Pte Ltd and Group Chief Financial Officer
Raymond has a Masters in Business Administration and a Bachelor
of Science (majoring in Finance) degree from Southern
Illinois University at Carbondale. He has 11 years'
experience with financial institutions in Singapore,
namely, Tat Lee Bank Limited (now known as Keppel TatLee
Bank Limited), NDC Merchant Bank Ltd (now known as NDC Capital
Holdings Ltd), ABN Amro (Asia) Ltd (now known as ABN Amro
Asia Merchant Bank (Singapore) Limited), Keppel Bank of Singapore
Limited (name changed to Keppel TatLee Bank Limited after
its merger with Tat Lee Bank Limited and now taken over
by Oversea-Chinese Banking Corporation Limited) and Oversea-Chinese
Banking Corporation Limited as its vice president. Throughout
his career in banking he specialized in corporate finance
and capital markets working on bringing companies public and
helped companies raise funds from the capital markets. As
our Chief Financial Officer, he is responsible for overseeing
the corporate financing functions of our Group.
Merrily CHIAM - Director
Merrily graduated with a Bachelor of Business Administration
from the University of Singapore in 1975 and a Masters in Business
Administration (Honours) from the NorthEastern University in 1979.
She brings with her more than 30 years of institutional equity
research experience to NetResearch Asia. Starting in 1975 as a
Senior Assistant in the management-consulting arm of SGV-Goh Tan
Singapore between 1975-77. She subsequently joined Lyall &Evatt
Pte Ltd, in 1980 as an investment analyst and was promoted to
its head of research in 1984 covering both Singapore and
Malaysian equities. Between 1985-87, she was Director of
Research for Schroder Securities Singapore and was responsible
for equity research in Singapore and Malaysia. She then
left and was director of research at Credit Lyonnais Securities
Singapore and was responsible for research in the Singapore
and Malaysian markets between 1988 to 1991. She subsequently
set-up the research arm of the Nomura Research Institute of
Singapore as its Head of Research. She then went to Prudential
Bache Securities as Senior VP (Malaysian equities) in 1998 and
became its head of research for Singapore and Malaysia in 1999.
Shelyn LOY Senior Manager, Corporate Advisory
Shelyn has a Bachelor of Business (major in Accounting)
degree from Swinburne University of Technology in Melbourne,
Australia. She is a member of the Australian Society of
Certified Public Accountants. She has over 8 years of
corporate finance related experience having worked with
various organisations including the corporate finance
department of Harry Elias Partnership and PrimePartners
Corporate Finance Pte Ltd. She has been involved in a
wide range of corporate finance transactions including
fund raising exercises such as initial public offerings,
rights issues and placements as well as advisory transactions
for reverse take-overs, mergers and acquisitions, privatisations,
corporate restructurings and fairness opinions. As a senior
member of the corporate advisory team at NRA Capital Pte. Ltd.,
she assists the department head in managing the projects
undertaken by the company.
C. INVESTOR RELATIONS - SINGAPORE
Rebekah GOH Director
Rebekah has over 12 years of working experience in the field
of public relations and investor relations consultancy,
with a diverse client base spanning across government
agencies, MNCs and local companies in various industries.
She has managed both local and regional communications
programmes that have achieved positive impact on the corporate
image of her clients.
Rebekah started her career in a local PR consultancy where
she organised nationwide campaigns for government organisations.
She then moved on to join Fleishman-Hillard and Miller-Shandwick,
both are international consultancy firms. After several years of
freelance project work, she joined NRA Capital in 2005.
Forging a close working relationship with her clients, Rebekah
is actively involved all aspects of an investor relations
programme including strategy and planning, crafting of key
messages, investor presentations and meetings, identifying and
addressing shareholders issues and media relations management.
Rebekah has a bachelors degree in Business Administration
from the National University of Singapore.
Junli HU Associate
Junli graduated with a Bachelor of Business degree majoring
in marketing from Nanyang Technological University, Singapore.
Before joining NRA Capital as an Associate, she was with a
statutory board for slightly over a year, marketing industrial
land and managing key customers on their lease management issues.
C. INVESTOR RELATIONS - MALAYSIA
TENG Leong Nyean Director
Leong Nyean is a key pioneer member who built up the Malaysian
operations for NRA Group. He has more than 16 years of
experience in investment research. His career began with
Rashid Hussain Securities. In 1996, he joined NatWest
Markets (Malaysia) and subsequently Schroders Research (Malaysia).
Prior to joining the NRA Group, he was a Director with
Vickers Ballas Research (Malaysia). He currently heads a
team which distinguishes themselves as market practitioners
with extensive experience and established track records in
equity research, fund management and investment banking.
The company specialises in providing total solutions in
investor and public relations communications, with dedicated
focus to serve the needs of Bursa Malaysia-listed companies.
Danny OH Associate Director
Danny has more than 16 years of experience in investment
research with various research institutions, including JMF
Asset Management, K&N Kenanga Securities and Apex Asset Management,
where he held the position of Vice President for Research and
Investment. Prior to joining the NRA Group, he was the
Head of Research in Mercury Securities.
Kathy CHEW Consultant
Kathy has 2 years of public relations & marketing experience
in the hospitality & entertainment industry. She was with
Heritage Hotel & Mun Sang Media Group before becoming part
of the NRA team in Kuala Lumpur. She specialises in media
relations and event management activities.
| 
