The Capital Group Companies (Capital Group) recently increased their stake in HK-listed TravelSky Technology (TravelSky). According to a filing made to the Hong Kong Stock Exchange on April 27th, 2017, the firm bought 21,213,000 shares on the exchange at an average price of HKD 19.03 per share on April 26th (total consideration was ~US$51.8m). Following the purchase, their stake in TravelSky increased from 5.44% to 7.71% […]
Month: May 2017
Readings For The Week (7/5)
This week’s readings include an FT special report on the work revolution, WSJ coverage of the Berkshire Hathaway annual meeting, quarterly letters from GMO’s Ben Inker and Jeremy Grantham as well as a Bloomberg interview with independent economist Andy Xie. The work revolution: An abundance of tech tools is liberating workers to organise their lives in ways unimaginable […]
PWC: The World In 2050
PWC recently released a report looking at how the global economic order might change by the year 2050. The study includes the firm’s latest long-term global growth projections to 2050 for 32 of the largest economies in the world. You can find the link to their interactive website here and download a copy of the full report here. Marc Faber, editor of […]
Edgbaston Buys More Wasion
Edgbaston Investment Partners (Edgbaston) recently added to their stake in HK-listed Wasion Group Holdings (Wasion). According to a filing made to the Hong Kong Stock Exchange on April 24th, 2017, the firm bought 4,124,000 shares on the exchange at an average price of HKD 3.749 per share on April 21st (total consideration was ~US$1.99m). Following the purchase, their stake in Wasion increased from 5.88% to […]
David Webb Adds To Lung Kee
David Webb recently added to his stake in HK-listed company Lung Kee (Bermuda) Holdings (Lung Kee). According to a filing submitted to the Hong Kong Stock Exchange on April 25th, 2017, he purchased 198,000 shares on the exchange at an average price of HKD 3.472 per share on April 20th (total consideration was ~US$88,300). Following the purchase, Webb’s stake in Lung Kee […]
Pershing Square Challenge 2017
Columbia Business School’s Heilbrunn Center for Graham & Dodd Investing recently hosted the annual Pershing Square Challenge, which is sponsored by Bill Ackman’s family foundation. According to the school’s website, the challenge is “the culmination of a three-month competition among roughly forty teams of first- and second-year Columbia Business School Students enrolled in the [center’s] Applied Security Analysis […]
Kyle Bass on China
Kyle Bass recently spoke with Bloomberg’s Erik Schatzker at the Milken Institute Global Conference. He discussed China’s economy and the global risks to financial markets. Bass is the founder and managing partner of Hayman Capital Management, a Dallas-based hedge fund focused on global event-driven opportunities. You can watch the full interview here. Some highlights below (paraphrased): Wealth […]
The Story Of First Pacific Company
Interesting (albeit somewhat promotional) recent article in the Philippine Star about the history and evolution of First Pacific as well as the decades-long friendship between Ed Tortorici and Manny Pangilinan. First Pacific was set up in 1981 in Hong Kong with an initial focus on investment banking and financial services. It was backed by the Salim family of […]
Book Review: “East to West to East”
Randolph Kwei’s memoir “East to West To East” tells of a fascinating life story that spans multiple careers, continents and historic world events. The author grew up in the 1940s in a Shanghai under Japanese occupation, completed his studies and early training in the US and then eventually returned to Asia to help play a part in the economic development […]