David Webb recently acquired a notifiable interest in both International Housewares Retail Co. and Winox Holdings. He also increased his stake in Computer And Technologies and trimmed (slightly) his position in Pico Far East Holdings. The relevant events occurred between April 26th-30th. David Webb is a private investor who has lived in Hong Kong since 1991. […]

The Longleaf Partners Funds have published their 1Q 2018 report(s). It includes some commentary on a new holding in Japan (AIN Holdings) for the International Fund. Excerpt below: “AIN Holdings (+30%, +0.62%), the largest prescription pharmacy chain in Japan, was a new investment in the quarter and quickly contributed. Japan’s prescription dispensing pharmacy industry is […]

The Kennox Strategic Value Fund’s 1Q 2018 report included some commentary on HK-listed China Mobile (see the excerpt below). Kennox is an Edinburgh-based wholly independent asset manager. Their team runs the Kennox Strategic Value Fund, a long only global equities portfolio. As per their latest quarterly report: “[China Mobile] has the largest subscriber base of […]

Wykeham Capital Limited (Wykeham) reduced their stake in HK-listed One Media Group Limited (One Media Group). According to a filing submitted to the Hong Kong Stock Exchange on March 22nd, 2018, the firm sold 5,734,000 shares on the exchange at an average price of HKD 1.5394 per share on March 19th (total consideration was ~US$1.125m). Following the sale, Wykeham’s […]

Hillhouse Capital Management (Hillhouse) recently increased their stake in Hong Kong-listed China Resources Beer (Holdings) Company Limited (China Resources Beer). According to a filing made to the Hong Kong Stock Exchange on March 14th, 2018, Hillhouse bought 3,738,000 shares on the exchange at an average price of HKD 34.3767 per share on March 9th (the […]

Lumiere Capital’s 2017 letter is now out. You can access and download it directly from their website. They have a “deep value” style of investing, with significant exposure to Hong Kong-listed small/mid cap stocks, a market segment they believe offers “the best combination of growth prospects and deep undervaluation.” The philosophy and portfolio characteristics feel […]

SumZero have published their top stocks for 2018 report (link here, also embedded below). It contains 15 research ideas from the SumZero community across 5 categories: special situations, small caps, mid/large caps, yield players and shorts. The annual challenge is held in partnership with the Sohn Conference Foundation and Canalyst. To see last year’s stock picks, […]

David Webb recently added to his stake in HK-listed Tungtex (Holdings) Co. Ltd. (Tungtex). According to a filing submitted to the Hong Kong Stock Exchange on February 9th, 2018, he purchased 300,000 shares on the exchange at an average price of HKD 0.8567 per share on February 6th. Following the purchase, Webb’s stake in Tungtex increased from 5.94% […]

NTAsian Discovery Master Fund (NTAsian) recently trimmed their stake in HK-listed Stelux Holdings International Ltd. (Stelux Holdings). According to a filing submitted to the Hong Kong Stock Exchange on February 1st, 2018, the firm sold 12,909,000 shares on the exchange at an average price of HKD 0.61 per share on February 1st (total consideration was ~US$1m). […]