John Lindfors, managing partner of DST Global, spoke with Jennifer Hughes of the FT at the RISE Conference in Hong Kong last year. The video is embedded at the bottom of this post. I actually attended the session in-person and found it quite interesting, in part because there’s not much publicly available information about DST. […]
Month: June 2017
Update: David Webb’s “Enigma Network”
On May 15th, David Webb published a report called “The Enigma Network: 50 stocks not to own,” in which he brought to the public’s attention a complex network of cross-shareholdings and related transactions between a number of companies listed on Hong Kong’s main board and its Growth Enterprise Market. We had previously re-posted the report as […]
Stephen D. King Speaks At The FCC (HK)
Stephen D. King, senior economic adviser at HSBC, recently spoke at the FCC in Hong Kong. He discussed some of the key themes from his latest book, Grave New World: The End of Globalization, The Return of History, including why the globalisation agenda is being rejected and how a return to “autarky” might risk economic and […]
Fidelity, Value Partners Increase TK Group Stakes
FIL Limited (Fidelity) and Value Partners have both recently increased their stakes in the HK-listed TK Group Holdings (TK Group). According to a filing submitted to the Hong Kong Stock Exchange on June 23rd, 2017, Fidelity bought 23,054,000 shares off the exchange at an average price of HKD 2.95 per share on June 20th (total […]
Readings For The Week (25/6)
This week’s readings include a look at Uber’s bad week (doomsday scenario or business reset?), thoughts on what the recent MSCI verdict means for China and investors, the implications of Beijing’s new mega airport on China’s airline industry, George Soros on Brexit in reverse and why the Salim Group is going back to banking after […]
Mohnish Pabrai Speaks At Google
Mohnish Pabrai, managing partner of the Pabrai Investment Funds, recently spoke at Google about how intensive stock research can be injurious to one’s financial health. In the talk, he explains the concept of commitment bias and why it is an important reason most fund managers struggle to beat the index. He also discusses other biases that […]
Lone Pine Exits Esprit Position
Lone Pine Capital (Lone Pine) recently exited its position in HK-listed Esprit Holdings (Esprit). According to a filing submitted to the Hong Kong Stock Exchange on June 20th, 2017, the firm sold its existing position of 195,644,005 shares on the exchange at an average price of HKD 4.68 per share on June 15th, 2017. Before […]
Coupland Cardiff: May Updates
Below are some portfolio highlights and commentary from the Coupland Cardiff funds for May: CC Asia Focus TK Group: After tracking sideways for 18 months, the share price of TK Group rose 30% in the month following the issuance of a positive profit warning. Remains a long term holding of the fund on account of […]
2017 Sohn India Conference Notes
Summary notes from the recently concluded Sohn India Conference are available here. They were written up on Market Folly as a guest post by Alpha Ideas. Some of the ideas presented at the conference include PNB Housing Finance, DCB Bank, Persistent Systems and Entertainment Network (India). Info Edge, the online classifieds company founded in the early […]
Marathon Adds To Li Ning Stake
Marathon Asset Management LLP (Marathon) recently added to its stake in HK-listed Li Ning Company Limited (Li Ning). According to a filing submitted to the Hong Kong Stock Exchange on June 16th, 2017, the firm bought 3,079,500 shares on the exchange on June 15th at an average price of HKD 5.979 per share (the total consideration was ~US$2.36m). Following the […]