Lone Pine Capital (Lone Pine) recently trimmed its stake in HK-listed Esprit Holdings (Esprit). According to a filing made to the Hong Kong Stock Exchange on March 1st, 2017, the firm sold 50,000,000 shares on the exchange at an average price of HKD 7.10 per share. Following the sale, Lone Pine’s stake in Esprit decreased from 12.63% […]
Category: Investment Ideas
Emtek: A Naspers In The Making?
Note: This piece was originally written up as case study for personal reference rather than as a stock recommendation. Please feel free to send me any comments or thoughts on the article via email. Overview: Elang Mahkota Teknologi (Emtek) is an investment holding company focused on the technology, media and telecommunications sectors in Southeast Asia. The company’s primary value […]
CC Asia Focus Comments on V-Power
Coupland Cardiff’s Asia Focus Fund briefly discussed their stake in V-Power Group in the fund’s January update to investors. The investment team spent recently some time in Bangladesh where (amongst other things) they visited one of the company’s distributed power generation plants that “is of vital importance to the local economy [but] also highly profitable for V-Power.” The […]
Moerus Discusses GLP, Straits Trading
Moerus Capital Management (Moerus) is a New York-based investment management company founded in September 2015. The firm’s founding / management team comprises Amit Wadhwaney, John Mauro, Michael Campagna and Ian Lapley, all of whom previously worked at Marty Whitman’s Third Avenue Management. Moerus currently advises the Moerus Worldwide Value Fund, which has a deep value-oriented, go-anywhere investment […]
Playmates: An Update
Shares of Playmates are down ~8% since my recent write-up. The biggest move in the shares came yesterday, following the release of a profit warning from the company. In my experience, it is not unusual for the share price of a company to decline right after initiating a position – in fact, I almost expect it. I always struggle with […]
Arisaig Buys Stake in Dabur
Arisaig’s letter for January is now available on their website. Their Asia Consumer Fund reported a new stake in Dabur. The company is India’s largest manufacturer of branded Ayurvedic medicine & related products. The fund actually owned Dabur shares previously but exited its stake in 2007 due to valuation concerns at the time – since then, shares are […]
Playmates Toys: Cheap, Cash Rich
Playmates Toys Limited (“Playmates”) is a HK-listed toy manufacturer and marketer. Since its inception in 1966, the company has brought to market a number of toy brands including the Teenage Mutant Ninja Turtles, Waterbabies, Space Jam, Nano and the Amazing Amy dolls. The company is a subsidiary of Playmates Holdings, a larger conglomerate that is also listed on the Hong […]
FSS Asia Investor Update (Jan ’17)
First State Stewart (FSS) Asia is an independent investment management team within First State Investments. The team manages ~US$21bn across a range of Asia Pacific equity strategies on behalf of both institutional and wholesale clients. One of their fund offerings is the listed Scottish Oriental Smaller Companies Trust, which I have profiled previously. The group recently published a […]
SumZero’s Top Stocks / Asia Cement
SumZero recently released its top stocks for 2017 report. It contains the ideas of the 5 winners and 10 runners up of the SumZero Top Stocks for 2017 Challenge, an investment research competition held in partnership with the Sohn Conference Foundation and Canalyst. You can download the report directly from their website (link is here). The report includes a number […]
Perinvest: FY 2016 Update
Perinvest’s Asia Dividend Fund recently released its full year update to investors. The letter includes a review of the results for 2016, updates on a number of holdings as well as the manager’s outlook for the coming year. Some highlights are included below, much of it paraphrased. For more on the fund and manager, please see my original post […]