David Webb recently added to his stake in HK-listed company Ming Fai International Holdings (Ming Fai). According to a filing submitted to the Hong Kong Stock Exchange on July 13th, 2017, he purchased 68,667 shares on the exchange at an average price of HKD 1.22 per share on July 10th (total consideration was ~US$10,740). Following the purchase, Webb’s stake in Ming Fai […]
Month: July 2017
Readings For The Week (16/7)
This week’s readings include a conversation with Japanese economist Eisuke Sakakibara, thoughts on what the MSCI inclusion of China A-shares means for investors, Stephen Roach on the lessons policymakers should learn from Japan’s experience since the early 1990s, an interview with Bob Rodriguez (formerly of FPA) and a look at the history of Air India. […]
Mohammed El-Erian: Lessons From The AFC
Another reflection piece on the lessons learnt from the Asian Financial Crisis, this time from Mohammed El-Erian. He is currently the chief economic adviser at Allianz SE, the parent company of Pimco, where he previously served as CEO and co-CIO. Twenty years ago, however, he was working at the International Monetary Fund in Washington that “would […]
Arisaig’s June 2017 Diary
Arisaig Partners recently released their letter for June, which is available for download from their website. Their Asia Consumer Fund is now up 24.8% year to date, broadly in line with the MSCI Asia ex-Japan index, which is up 22.8% over the same period. Some highlights below: The portfolio remains heavily weighted towards India (~47%). […]
Kennox’s 2Q 2017 Report
Kennox is an Edinburgh-based wholly independent asset manager. They run the Kennox Strategic Value Fund, a long only global equities portfolio. We have previously covered them on this website, primarily in relation to their thesis on Texwinca Holdings (you can find that post here). Their recently published 2Q 2017 report features commentary on a number […]
Aberdeen Increases Stake In BCIA
Aberdeen Asset Management (Aberdeen) recently added to its stake in HK-listed Beijing Capital International Airport (BCIA). According to a filing submitted to the Hong Kong Stock Exchange on July 7th, 2017, the firm bought 2,390,000 shares on the exchange on July 6th at an average price of HKD 11.65 per share (the total consideration was […]
Hurun’s “The Chinese Luxury Traveller 2017”
Hurun Report recently published “The Chinese Luxury Traveller 2017” in association with ILTM Asia. The report looks at the trends that are set to come to the fore in the Chinese luxury travel market in the next three years. The analysis was based on the responses of 334 high-end travellers with average annual travel consumption of […]
Mark Mobius: Lessons Of The AFC
Mark Mobius, the executive chairman of Templeton Emerging Markets Group, recently wrote a short blog post reflecting on some of the lessons learnt from the Asian Financial Crisis. Mobius has spent more than 40 years working in emerging markets all over the world. He joined Franklin Templeton in 1987 as president of the Templeton Emerging Markets […]
Readings For The Week (9/7)
This week’s readings include an opinion piece by Robert Shiller, a report on the Southeast Asian palm oil sector, reflections on the 20th anniversary of the Hong Kong handover from Philip Bowring, thoughts on the prospect of a US-China conflict and a look at how Facebook’s growth team got the company to two billion users. […]
Buybacks & Insider Purchases At Symphony
Symphony International Holdings Limited (Symphony) recently announced that the company purchased 4,500,000 ordinary shares at a price of US$0.84 per share for cancellation. The transaction took place on July 3rd, 2017. Following this purchase and cancellation of shares, the company’s issued share capital consists of 507,385,713 ordinary shares. In an earlier transaction, Anil Thadani, the […]