02 亚洲殡葬业成为抢手投资机会

Investors in Japan have been transfixed in recent weeks by a land grab for Kosaido, Tokyo’s dominant crematorium operator whose shares have soared 88 per cent before crashing by half. The fight underscores the attraction of a sector that is increasingly being seen as one of North Asia’s growth opportunities: the death business.

近几周，东京主要火葬场运营商广济堂的股权争夺令日本投资者大吃一惊。广济堂股价飙升88%，随后暴跌一半。这场斗争凸显了日益被视为北亚地区增长机会之一的一个行业的吸引力：殡葬业。

Investors have been lured to the dependable, cash-generative sector by the irreversible trend of ageing societies in Asia. Adding to the attraction is that the small number of listed death related companies are ripe for consolidation in fragmented markets.

由于亚洲社会不可逆转的老龄化趋势，投资者已被这个稳固、有利可图的行业所吸引。更吸引人的是，在这个碎片化的市场上，少数殡葬相关上市公司进行整合的时机已经成熟。

Shanshan Wei, a portfolio manager at investment fund Rheos Capital, is among those going long on Chinese death. “It’s a very unique investment opportunity,”she said. “The potential is huge.”

投资基金Rheos Capital的投资组合经理韦珊珊属于看重中国殡葬业的人。“这是一个非常独特的投资机会，”她表示，“潜力巨大。”