Orbis
Orbis Emerging Markets Equity
Emerging markets
Dec 2024 → Dec 2025
Our archive holds 5 letters from this strategy, behind 3 investment theses and positions in 3 companies. Every quote below is copied verbatim from the letter it came from.
5 letters in 2 years — follow all of Orbis for every strategy.
Its investment theses
- Kiwoom SecuritiesSep 2025Kiwoom Securities is a leading online broker in Korea that has achieved over 30% of retail inflows despite a competitive market, offering compelling long-term returns potential even at a low valuation.
- HongKong LandDec 2024Trading at just 0.3x book with a 5% yield, Hongkong Land offers deep value backed by trophy assets, resilient income, and a shareholder-focused strategy to unlock upside through recycling and buybacks.
- WiseDec 2024Wise has built a global payments moat with unmatched speed, pricing, and scale—and despite massive market potential and growing partnerships, its valuation remains modest, offering long-term upside.