Jacob Ma-Weaver of Cable Car Capital has published his latest investor letter, which is worth a read. You can access and download it here. It includes a detailed discussion of his firm’s longtime holding, Pangaea Logistics (PANL). He also briefly discussed NetDragon Websoft, which he feels trades at a reasonable valuation given its “assets, cash […]
Month: October 2017
Activist Insight: Activist Investing In Asia
Activist Insight have recently published a report called “Activist Investing in Asia” in collaboration with their sponsors, Computershare and Misaki Capital. It provides an overview of recent activism trends across Asia, including the role of governments, domestic players as well as some data on the success rate of activists. You can download the report for […]
Southeastern Reduces Melco Stake
Southeastern Asset Management (Southeastern) recently reduced their stake in HK-listed Melco International Development (Melco). According to a filing made to the Hong Kong Stock Exchange on October 10th, 2017, the firm sold 1,703,000 shares on the exchange at an average price of HKD 22.7941 per share on October 4th (total consideration was ~US$5m). Following the […]
Symphony Sells PREIT, Trims MINT
Symphony International Holdings Limited (SIHL) recently announced it completed an exit from its investment in Parkway Life Real Estate Investment Trust (“PREIT”) and made a partial exit from its investment in Minor International Pcl (“MINT”). In both cases, they were able to take advantage of higher market prices in 2017 for the shares of PREIT and […]
Readings For The Week (1/10)
This week’s readings include the August newsletter from the Komodo Fund, a conversation with Grant Williams of Real Vision TV, a look at how private equity in Asia is changing, why a China-owned port in Sri Lanka could alter global trade routes and a review of a new exhibition of Southeast Asian artists at the […]