Ms Indranee Rajah
Minister in the Prime Minister’s Office
Second Minister for Finance and National Development

[For Holder of Physical Conference Pass]
Tea Break
Venue: To be advised

[For Holder of Virtual Conference Pass]
Intermission

In today's knowledge-driven economy, the most consequential sources of competitive advantage — brand equity, proprietary data, human capital, and innovation ecosystems — rarely appear on a balance sheet. Yet for both corporate strategists and investment managers, the ability to identify, measure, and communicate these assets has never been more critical.

This panel explores how the Intangible Disclosure Framework (IDF) is emerging as a practical instrument for bridging the gap between intrinsic value and reported value — helping companies articulate their moats more credibly, and equipping investors with the analytical rigour to distinguish durable outperformers from businesses merely riding a cycle.

Panellists will examine how disciplined intangible asset valuation can sharpen capital allocation decisions, inform long-term equity positioning, and reframe the conversation between management teams and the investment community. The discussion will also explore an underlying tension in modern markets: if intangible-intensive businesses consistently generate superior long-term returns, why does the market so often misprice them — and what role does better disclosure play in closing that gap?

Whether you approach this from the boardroom or the portfolio, this session offers a fresh lens on where value is truly created in the New Economy — and how to capture it.

Companies are announcing AI strategies, but for valuers, the challenge is to separate genuine value creation from hype.

This panel explores how AI is transforming valuation practice and alpha generation—enhancing modelling, uncovering hidden drivers, and accelerating decision‑making. The discussion highlights practical use cases, the limits of automation, and how human judgement and AI together deepen and strengthen investment insights.

A Cross-Jurisdictional Perspective from the Region's Valuation Frontier

Asia's emerging markets represent some of the world's most dynamic investment destinations — yet they remain among the most challenging to value with confidence. Rapid economic transformation, heterogeneous regulatory environments, and markets where tangible and intangible value intertwine in ways that defy conventional frameworks continue to test the limits of valuation practice and investment analysis alike.

This panel brings together senior valuation practitioners from across Southeast Asia, under the stewardship of the IVSC's Asia Committee, to examine how the region is navigating the convergence of global valuation standards with local market realities.

Panellists will explore:

• How the adoption of International Valuation Standards is reshaping practice across different asset classes and jurisdictions,
• Where professional judgement plays the greatest role in shaping valuation practice on the ground amidst real-world constraints, and
• Why valuation quality remains a critical but underappreciated driver of investor confidence and capital flows into the region.

For investment managers allocating to Asian markets, this session offers a candid look at where valuation risk is concentrated and what a stronger regional valuation infrastructure means for long-term portfolio outcomes. For valuation professionals, it is an opportunity to understand how their work is read — and sometimes misread — by the capital markets they serve.

[For Holder of Physical Conference Pass]
Lunch
Venue: To be advised

[For Holder of Virtual Conference Pass]
Intermission

This panel examines how private‑market valuations are evolving across private equity, venture capital, and private credit. It explores pricing challenges, liquidity constraints, and the fast‑growing secondary market—offering practical strategies for managing valuation risk, navigating transactions, and enhancing transparency in today’s shifting private‑markets landscape.

Private credit’s rapid growth is colliding with mounting liquidity pressures, valuation uncertainty, and tightening investor scrutiny. This panel brings together leading asset and valuation experts to unpack the structural vulnerabilities emerging in this cycle.

The next generation of transformative businesses — spanning technology, life sciences, deep-tech, fintech, and renewable energy — rarely arrives with a tidy earnings history. Yet the absence of revenue does not mean the absence of value, nor does it diminish the need for valuations that are rigorous, defensible, and fit for purpose.

Whether the context is a fundraising round, a financial reporting obligation, a boardroom decision, or a shareholder dispute, the stakes attached to early-stage valuations are high — and the margin for methodological error is higher still. For investors, a poorly constructed valuation can distort return expectations and obscure genuine risk. For valuation practitioners, it demands a level of professional judgement that goes well beyond the mechanical application of conventional approaches.

This presentation cuts through the complexity of valuing pre-revenue businesses, examining why traditional methodologies often fall short, where practitioners most commonly go wrong, and what more sophisticated analytical frameworks look like in practice. It also takes stock of a shifting landscape in which auditors, regulators, and investors are applying greater scrutiny to early-stage valuations than ever before.

For anyone who funds, advises, or values the companies of tomorrow, this session offers both a practical toolkit and a sharper appreciation of where the real valuation challenges lie.

[For Holder of Physical Conference Pass]
Tea Break
Venue: To be advised

[For Holder of Virtual Conference Pass]
Intermission

Emerging and frontier markets challenge investors with fast‑shifting risks, inconsistent data, and limited liquidity. This session explores how valuation specialists and asset managers can interpret imperfect signals, price uncertainty with discipline, and uncover opportunities in regions where volatility is constant and market structures remain underdeveloped.

This panel looks at how tokenisation can modernize asset ownership and reshape valuation dynamics, offering investors new tools to price risk, enhance liquidity, and expand market participation.

For Holder of Conference Pass [PHYSICAL]
Closing Reception
Venue: To be advised