To Our Valued Clients, Partners, and Colleagues,

 

As we reflect upon the year ended 31 December 2022, we recognize it as a period defined by significant macroeconomic challenges and market volatility, where rising inflation, aggressive interest rate hikes by central banks worldwide, persistent geopolitical tensions, and ongoing supply chain disruptions converged to create a complex and uncertain investment landscape, compelling us to rely heavily on our disciplined investment framework, rigorous risk management processes, and adaptive strategy to safeguard and grow our clients’ capital in such turbulent times.

 

Throughout the year, our steadfast commitment to identifying high-quality businesses with resilient earnings, sustainable competitive advantages, and prudent capital allocation policies was tested by an environment of heightened uncertainty and rapid change; nevertheless, we maintained our focus on sectors and geographies poised to benefit from secular tailwinds—such as technology-enabled innovation, healthcare advancements, and essential consumer services—while deliberately reducing exposure to more cyclical or rate-sensitive areas, thus positioning the portfolio to navigate both the challenges and opportunities that characterized the year.

 

Our private investment initiatives continued to play a crucial role in our strategy, as we meticulously sourced and evaluated opportunities that not only complement our public market holdings but also offer potential for meaningful value creation through active partnership and operational engagement, all while maintaining a cautious and patient approach given the broader market environment.

 

On the operational front, 2022 was marked by continued investments in enhancing our technological infrastructure and data analytics capabilities, as well as improvements to our client communication platforms to ensure transparency and responsiveness, which are critical to sustaining trust and alignment with our investors; concurrently, we prioritized talent development and knowledge sharing within our team, recognizing that the strength and expertise of our people remain our most valuable asset in executing our long-term vision.

 

Financially, Saichild concluded the year with Assets Under Management of USD198 million, reflecting not only the cumulative results of disciplined investment and strong client relationships but also our ability to adapt and thrive amid volatility and change, a testament to the resilience of our strategy and the dedication of our team.

 

Looking ahead, while the global economic and geopolitical outlook remains uncertain, we are confident that our unwavering focus on rigorous fundamental research, disciplined capital allocation, and partnership-driven stewardship will continue to enable us to deliver sustainable value for our clients over the long term.

 

We extend our deepest gratitude to our clients, partners, and stakeholders for their continued trust and support and look forward to advancing together toward shared success in the years to come.

 

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Yours sincerely,

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Paulus Saichild

Chief Executive Officer