Asset manager Value Partners (0806) saw its net profit for last year rocket 13.9 times to the highest level in its history at HK$2.05 billion, with assets under management reaching US$16.6 billion (HK$130.17 billion), according to an exchange filing yesterday.
The company's board recommended a final dividend of 18 HK cents and paid a special dividend of 86 HK cents last month for its 25th anniversary.
Gross performance fees, the primary revenue contributor for the period, jumped 237 times to HK$2.57 million.
Gross management fees rose 14 percent. Flagship Value Partners Classic Fund returned 44.9 percent.
Looking ahead, the company sees huge potential from the mainland market.
"The mainland public, with the world's biggest pool of savings, is looking to diversify investments. We think this could be one of the biggest business opportunities ever seen in the history of asset management," said chairman and co-chief investment officer Cheah Cheng Hye in the filing.
In 2018, the company expects very volatile markets and is worrying about rising tensions in the Sino-American trade relationship.
Cheah added: "Investing mainly in the Asia Pacific region, however, we would expect any setback to be temporary, as the region's economic fundamentals remain robust, with new sources of growth available for use."