Lynas Capital (Lynas) is an independent fund manager based in Hong Kong. The firm was established by David Devine in 2002. He initially managed a private pilot fund for two years before launching the Lynas Asia Fund. Prior to founding Lynas, Devine was with Overlook Investments for ten years. For more on Overlook, you can see my post here. Devine’s twenty […]
Month: March 2017
Readings For The Week (19/3)
This week’s readings include Neal Cross of DBS on the truths and myths about fintech, Jardine Matheson’s preliminary announcement of its 2016 results, Arisaig’s February letter, Jeff Towson on how Alibaba is disrupting Chinese entertainment and Kishore Mahbubani on the Asean miracle. The fintech files: Neal Cross of DBS shares three truths and two myths about fintech in […]
Kennox Comments on Texwinca
The Kennox Strategic Value Fund’s 4Q 2016 report included some commentary on Texwinca Holdings (Texwinca). As of the end of February 2017, Texwinca was the fourth largest holding of the fund (~4.1% of the portfolio). Highlights / excerpts are included below. Company overview: Hong Kong listed textile company; core business provides high-end fabrics to global branded clothing […]
Tim Moe Upgrades His China Call
Tim Moe, Goldman’s chief Asia-Pacific strategist, was on Bloomberg recently to discuss the firm’s outlook for the region and the Chinese markets. Some highlights below: Recent upgrade of China is in the context of the overall regional outlook Three key issues likely to be determining equity market performance over the next few quarters First, reflation dynamic is […]
Readings For The Week (11/3)
This week’s readings include Cederberg Capital’s presentation on the China investment opportunity, the Rothschild Investment Trust’s 2016 annual report, Symphony International’s 4Q 2016 update and GGV’s Glenn Solomon on the Snap IPO. Also, a (shameless) plug for my recent write up on Emtek, which a number of readers have already sent me feedback / comments on. Why China […]
Perinvest Comments On China’s Sports Market
James Morton’s January letter is now available on the Perinvest website. One of the fund’s current holdings is 361 Degrees, a leading tier two domestic sportswear brand in China. The letter highlighted some interesting trends in China’s sports industry (some of the data and insights are actually based on a report published by KGI, the Taiwanese broker): China’s sports […]
Recent Insider Buys at AIA
Some interesting insider buying activity at AIA over the last month, as originally covered by Robert Halili in the SCMP: 27th February, 2017: Independent non-executive director Lawrence Lau purchased 100,000 shares on the exchange at an average price of HKD 50.10 per share (total consideration is about ~US$645k). Following the purchase, his total shareholding in the company increased […]
Lone Pine Trims Esprit Stake
Lone Pine Capital (Lone Pine) recently trimmed its stake in HK-listed Esprit Holdings (Esprit). According to a filing made to the Hong Kong Stock Exchange on March 1st, 2017, the firm sold 50,000,000 shares on the exchange at an average price of HKD 7.10 per share. Following the sale, Lone Pine’s stake in Esprit decreased from 12.63% […]
Emtek: A Naspers In The Making?
Note: This piece was originally written up as case study for personal reference rather than as a stock recommendation. Please feel free to send me any comments or thoughts on the article via email. Overview: Elang Mahkota Teknologi (Emtek) is an investment holding company focused on the technology, media and telecommunications sectors in Southeast Asia. The company’s primary value […]
Readings For The Week (5/3)
This week’s readings include a transcript of Warren Buffett’s recent Q&A with students from Peking University, Jesse Friedlander’s thoughts on how Hong Kong can become a technology leader, a look at YouTube’s new TV subscription service and VinaCapital’s outlook for Vietnam in 2017. Q&A with Peking University students: Jeffrey Towson recently led a group of students to […]