Standard Chartered Bank have published their 2017 Emerging Affluent Report, an in-depth study into the savings habits of 8,000 emerging affluent consumers across eight markets (China, Hong Kong, India, Kenya, Korea, Pakistan, Singapore and Taiwan). They explore what defines the next generation of savers across some of the world’s most promising economies, as well as the problems they face. […]
Author: offpisteblog
Portfolio Positioning & Updates
I generally don’t like to write posts like this one for good reason: I am not a professional investor nor a qualified financial advisor. Unfortunately for readers, the “have blog, will write” syndrome now compels me to share my unsolicited opinions. The standard disclaimers still apply. Outlook & Positioning: I am increasingly uncomfortable with the market environment today. The macro picture looks […]
Readings For The Week (23/4)
This week’s readings include the macro outlook from Platinum’s Andrew Clifford, annual shareholder letters from Jeff Bezos (Amazon) and Wong Fong Fui (Boustead), latest thoughts on the Chinese economy from Michael Pettis and a wide-ranging interview with Arundhati Bhattacharya of the SBI. Macro overview: Platinum’s Andrew Clifford says the global economic and political landscape continues to […]
James Hay On BFM
The straight-talking James Hay, manager of the Pangolin Fund, was a recent guest on BFM (an independent radio station in Malaysia). He discussed his outlook for Malaysia, positioning of the fund and the rise of passive investing. You can listen to the full podcast here. Some highlights below: He struck a cautious tone overall. Said that more […]
CC Asia Focus On TK Group, BAT Malaysia
Coupland Cardiff’s Asia Focus Fund recently released their letter for March, which you can access via their website. The fund is managed by Charlie Erith and is focused on small and mid cap listed equities in the Asia ex Japan market. The March update includes commentary on a number of their portfolio holdings including TK Group, Venture Corp and International Container […]
Chew Gek Khim On CNBC
Straits Trading’s executive chairwoman, Chew Gek Khim, was interviewed recently on CNBC Managing Asia. She discussed her career, the company’s evolution over time and her own vision for its future. You can watch the entire ~12 minute interview on the CNBC website (link here). Straits Trading is a Singapore-based holding company with primary investments in real estate, hospitality, […]
Readings For The Week (16/4)
This week’s readings include letters from the Pangolin and Panah funds, a talk by James Stent on the untold story of China’s banking transformation, a look at the rapidly changing media & entertainment landscape in China and a wide-ranging interview with Mark Zuckerberg. March letter: James Hay discusses his outlook for Malaysia. Other members of his team […]
Wykeham Buys More Ming Fai
Wykeham Capital Limited (Wykeham) increased their stake in HK-listed Ming Fai Group (Ming Fai). According to a filing made to the Hong Kong Stock Exchange on April 11th, 2017, the firm bought 1,105,000 shares on the exchange at an average price of HKD 1.087 per share on April 6th (total consideration was ~US$155,000). Following the purchase, Wykeham’s stake in the company increased from […]
Arisaig Comments On Dali Foods
Arisaig Partners recently released their letter for March, which is available for download from their website. Their Asia Consumer Fund is now up 15.4% for the year, driven largely by a broad-based market recovery in India in 2017. The fund has significant exposure to the retail sector in India, which was one of the relatively few short-term […]
Marc Faber On India, Emerging Markets
Marc Faber, editor of the “Gloom, Boom & Doom” report, recently shared his outlook on India and other emerging markets in an interview with ET NOW. You can watch the full interview clip here. Below are some highlights / takeaways: Majority of emerging markets have meaningfully underperfomed the US market since 2011. India, even after having “grossly […]