Interesting piece published recently by Matthews Asia on their outlook for Japanese equities in 2017. Similar in tone to Peter Tasker’s (shorter) article on the brightening message from small cap Japan. Some excerpts / highlights from the report, paraphrased: Number of structural factors supporting Japanese equities in 2017 Improved Purchasing Managers’ Indexes (PMI), accelerating wage growth and the Japanese government’s decision […]
Month: March 2017
Orbis Adds To Dongfeng Motor Group
Orbis Investment Management (Orbis) added to their stake in HK-listed Dongfeng Motor Group (Dongfeng). According to a filing made to the Hong Kong Stock Exchange on March 27th, 2017, the firm bought 820,000 shares on the exchange at an average price of HKD 9.056 per share on March 22nd (total consideration was ~US$956,000). Following the purchase, their stake in Dongfeng increased from 5.98% to […]
Edgbaston Reduces Stake In Singamas
Edgbaston Investment Partners (Edgbaston) recently trimmed their stake in HK-listed Singamas Container Holdings (Singamas). According to a filing made to the Hong Kong Stock Exchange on March 27th, 2017, the firm sold 432,000 shares on the exchange at an average price of HKD 1.211 per share on March 22nd (total consideration was ~US$67,000). Following the sale, their stake in Singamas decreased slightly […]
Value Partners Trims Stake in TK Group
Value Partners recently trimmed their stake in HK-listed TK Group Holdings (TK Group). According to a filing made to the Hong Kong Stock Exchange on March 24th, 2017, the firm sold 696,000 shares on the exchange at an average price of HKD 2.517 per share on March 21st (total consideration was ~US$225,500). Following the sale, their stake in TK Group decreased from 8.03% […]
Cheah Cheng Hye On Star Media
Cheah Cheng Hye, the founder of Value Partners, was a recent guest on Star Media’s Power Talks series. The event was held in Malaysia. He gave a speech about some of the lessons he has learnt over the course of his ~46 year career as both a journalist and an investment manager. He also answered audience questions on a wide range […]
Briarwood Adds To Zhong Ao Home Group
Briarwood Capital Partners (Briarwood) recently added to their stake in HK-listed Zhong Ao Home Group (Zhong Ao). According to a filing made to the Hong Kong Stock Exchange on March 23rd, 2017, the firm purchased 578,000 shares on the exchange at an average price of HKD 1.16 per share on March 22nd (total consideration was ~US$86,000). Following the purchase, Briarwood’s stake […]
Readings For The Week (26/3)
A China-weighted reading list this week. Highlights include a look at the online-to-offline shift in Chinese retail, an interview with Ctrip’s CEO Jane Jie Sun and a profile of Chinese boulangerie chain Wedomé. Also, Peter Tasker on why Japanese small cap stocks deserve more attention and the FT’s lunch with Jean-Claude Juncker. Grocery wars: Alibaba and JD.com are moving […]
Farallon Adds To Luzheng Futures
Farallon Capital (Farallon) recently added to their stake in HK-listed Luzheng Futures (Luzheng). According to a filing made to the Hong Kong Stock Exchange on March 17th, 2017, the firm purchased 499,000 shares on the exchange at an average price of HKD 1.743 per share on March 15th (total consideration was ~US$112,000). Following the purchase, Farallon’s stake in Luzheng […]
David Webb Buys More Kingmaker
David Webb recently added to his stake in HK-listed Kingmaker Footwear Holdings (Kingmaker). According to a filing made to the Hong Kong Stock Exchange on March 20th, 2017, he purchased 50,000 shares on the exchange at an average price of HKD 2.08 per share on March 15th (total consideration was ~US$13k). Following the purchase, Webb’s stake in Kingmaker […]
Li Lu’s 2015 Speech at Peking University
In October 2015, value investor Li Lu spoke to students at Peking University’s Guanghua School of Management on the prospects for value investing in China. He is the founder of Himalaya Capital, which manages a fund that focuses on public securities and privately held companies in both Asia and North America. Berkshire Hathaway vice-chairman Charlie Munger is an […]