This week’s readings include reflections from the team at Platinum Asset Management on their long term investment in Samsung Electronics, an interview with Joe Studwell about the importance of agriculture in economic development and an Economist piece on the change of mood in Hong Kong over the past few years. Samsung Electronics – twenty years: The investment team at Platinum […]
Month: August 2016
Singapore Shipping Corporation
Singapore Shipping Corporation (SSC) is an SGX-listed company that operates in two segments: shipping activities (70% of revenue) and agency services (30% of revenue). In its shipping segment, the company purchases pure car & truck carriers and leases them out to blue chip charterers on long term contracts. SSC’s agency segment provides a range of services including terminal operations, logistics, warehousing as […]
Readings For The Week (21/8)
This week’s readings include a look at how Tencent’s WeChat is shaping the future of the mobile internet, Philip Bowring’s thoughts on ethnic diversity and integration in Hong Kong as well as Stephen Roach on the globalisation disconnect. WeChat’s world: How WeChat shows the way to social media’s future. Singapore’s first Olympic gold provides a lesson…: Philip Bowring on how […]
Arisaig: Investing Up The S-Curve
Arisaig Partners is an independent investment management firm founded in 1996. They focus on dominant consumer sector businesses in emerging markets. Their flagship, long-only Arisaig Asia Consumer Fund has ~US$3bn in assets under management and has compounded capital at a low-teens rate of return since inception. They also run an Africa Consumer Fund, a Latin America Consumer Fund and a […]
Readings For The Week (14/8)
This week’s readings include a shareholder update from Symphony Asia, a recent blog post by Professor Michael Pettis, an entertaining interview with James Hay from the Pangolin Fund and a few other interesting articles. 1H16 shareholder update: Market commentary and portfolio review by Symphony Asia, one of the region’s most experienced private equity investment firms. Rebalancing, wealth transfers…: Michael Pettis writes about the […]
Scottish Oriental: Watch the Discount
Scottish Oriental Smaller Companies Trust is a listed investment trust that invests in small-cap companies across the Asia-Pacific region. The fund has an impressive track record since its inception in 1995, significantly outperforming its benchmark index over the period. More recently, in the last 10 years, the trust’s share price has increased by ~252% versus an ~154% increase for the […]
Readings For The Week (8/8)
In addition to my own write-ups, I am launching a weekly series of curated readings. These articles will most often be related to Asian business or investing topics, but on occasion might have a broader focus. Happy reading! Hoping for alpha: Second quarter report and update from investor Claire Barnes, manager of the Apollo Asia Fund. Why Hong Kong was at its best […]
1010 Printing: Undervalued
1010 Printing Group (1010) provides printing services to international book publishers as well as print media companies. Its products comprise illustrated leisure & lifestyle books, educational textbooks and children’s books. The company is headquartered and listed in Hong Kong but currently earns the majority of its revenue from Australia and the US (~67% of FY 15 revenue). The company’s small cap […]
OAM: Betting On Asia
Overseas Asset Management was founded in 1989 by Desmond Kinch. It manages the OAM Asian Recovery Fund, a fund of funds vehicle that was launched in 1998 to take advantage of investment opportunities in the region shortly after the Asian financial crisis. The fund was an early investor in a number of successful, value-oriented funds in the region, including […]