Fat Prophets Global Contrarian Fund hit by Middle East turmoil but adds to Asian tech bets

Fat Prophets Global Contrarian Fund Ltd. ( (AU:FPC) ) has provided an announcement.

Fat Prophets Global Contrarian Fund reported an estimated pre-tax net tangible asset value of $1.9869 per share as at 11 March 2026, down from $2.1916 on 28 February, representing a 9.34% decline. The manager attributed the drawdown to the market turmoil sparked by the Middle East conflict, which has weighed on its core positions in precious metals, Japanese financials, and Chinese technology, though the fund’s shares remain cum a 2 cent special dividend.

Management expects the conflict to keep markets unsettled in the near term but anticipates a relatively swift resolution and a subsequent rebound, drawing parallels with last year’s tariff-related sell-off and recovery. Despite sector-wide multiple compression and investor concerns over AI disruption, the fund notes relative resilience in U.S. technology stocks and has selectively increased exposure to major China and Asian tech names such as Tencent, Baidu, Alibaba, Tencent Music, GDS Holdings and Grab, signalling confidence that technology valuations may be near a bottom.

The most recent analyst rating on (AU:FPC) stock is a Buy with a A$2.00 price target. To see the full list of analyst forecasts on Fat Prophets Global Contrarian Fund Ltd. stock, see the AU:FPC Stock Forecast page.

More about Fat Prophets Global Contrarian Fund Ltd.

Fat Prophets Global Contrarian Fund Limited is an Australia-listed investment company trading on the ASX under the code FPC. The fund follows a contrarian global equity strategy, with core thematic exposures in precious metals, Japanese financials and banks, and Chinese and broader Asian technology stocks, aiming to capitalise on cyclical and policy-driven market dislocations.

Average Trading Volume: 29,477

Technical Sentiment Signal: Buy

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