Symphony International Holdings Limited (Symphony) recently announced that the company purchased 4,500,000 ordinary shares at a price of US$0.84 per share for cancellation. The transaction took place on July 3rd, 2017. Following this purchase and cancellation of shares, the company’s issued share capital consists of 507,385,713 ordinary shares. In an earlier transaction, Anil Thadani, the […]
Category: Investment Ideas
Elliott Raises Stake in Bank Of East Asia
Elliott Management Corporation (Elliott) recently increased their stake in HK-listed Bank of East Asia (BEA). Based on a filing submitted to the Hong Kong Stock Exchange on July 6th, 2017, Elliott bought 237,800 shares on the exchange at an average price of HKD 32.569 per share on July 4th (total consideration was ~US$990,000). As a […]
FSI Adds To Vitasoy, Mengniu Dairy Stakes
First State Investments (FSI) recently added to their stakes in both Vitasoy International Holdings (Vitasoy) and China Mengniu Dairy Company Limited (Mengniu Dairy). According to a filing submitted to the Hong Kong Stock Exchange on June 27th, 2017, FSI bought 218,000 shares of Vitasoy on the exchange at an average price of HKD 16.02 per share […]
Silchester Trims Orient Overseas Stake
Silchester International Investors LLP (Silchester) recently reduced their stake in HK-listed Orient Overseas (International) Limited (Orient Overseas). According to a filing submitted to the Hong Kong Stock Exchange on June 30th, 2017, the firm sold 441,000 shares on the exchange at an average price of HKD 54.094 per share on June 29th (total consideration was ~US$3.06m). […]
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 […]
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 […]
Arisaig Trims Convenience Retail Stake
Arisaig Partners (Arisaig) recently reduced their stake in HK-listed Convenience Retail Asia Ltd. (Convenience Retail). According to a filing made to the Hong Kong Stock Exchange on June 16th, 2017, the firm sold 10,000,000 shares on the exchange at an average price of HKD 4.05 per share on June 16th (total consideration was ~US$5.2m). Following the sale, Arisaig’s stake […]