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Adamas Finance Asia

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London quoted company Adamas Finance Asia are focused on providing shareholders with attractive uncorrelated, risk-adjusted returns from a diversified portfolio of pan-Asian investments, is pleased to announce the publication of its final results for the year ended 31 December 2019.

John Croft, Chairman of Adamas Finance Asia Limited, commented:

“I am delighted to report that your Company had a successful 2019 with very positive progress at key portfolio companies and increasing income generation from its investment portfolio.

Income generated from our portfolio grew to US$2.2 million (2018: US$360,000) an increase of over 500%, which reflects the ongoing transition of the portfolio to income generating assets, a trend that will continue in 2020 as new investments are made and where we expect to dispose of some of our older equity based investments.

The Board expects the Company’s investment portfolio in 2020, from a valuation perspective, to avoid any material impact from COVID-19. Many of the countries in which our portfolio companies operate, including China and Hong Kong, are exhibiting early signs of recovery with the gradual lifting of lock-down measures. Moreover, most Asian countries are benefiting from the experience gained from previous pandemics in the region.

We continue to draw comfort from this and the expertise, networks and robust risk management processes of our Investment Manager, which leaves the Company well placed to come through this period stronger and to protect and grow the value of the business.

We are seeing an increasing number of attractive investment opportunities partly driven by the global impact of COVID-19. The Asian SME sector was starved of capital prior to the impact of COVID-19 and this financing gap will likely continue to widen in the short term, thereby further constraining their access to capital. ADAM is one of very few institutional sources of capital for this sector in the region and we are already seeing a very significant increase in pipeline opportunities as a result.

In 2020, we anticipate that income from our portfolio will continue to increase bringing us nearer to commencing dividend payments and I remain confident in the outlook for the business and of delivering value to our shareholders over the short and longer-term.”

We spoke to Suresh Withana of Adamas Finance Asia here

Review of Adamas assets going into 2020

The author was remunerated but does not hold shares in the company