The Pangolin Asia Fund’s letter for May is now available for download from their website. The fund is currently about 78% invested and the investment team remains cautious in their outlook, although they do see economic activity in ASEAN picking up. In the letter, James Hay also discusses one of their portfolio holdings, Wing Tai Malaysia. […]
Category: Investment Ideas
Seth Fischer Interviewed In Barron’s
Seth Fischer, the founder and CIO of Oasis Capital Management, was recently interviewed in Barron’s and discussed some of his fund’s current investments in Japan. The interview comes shortly after the 2017 Sohn Conference Hong Kong, where Fischer had pitched Sony (see here for more). Some highlights below: On Nintendo: Bought shares five years ago as […]
Questor Column: Symphony International
Last week’s Questor Column outlined the investment case for Symphony International, a company we have previously covered on this website. Their thesis is supported by the work of Tom Treanor of Asset Value Investors. I don’t currently own any shares in Symphony, but it is a company I track from time to time – partly for […]
Marathon Adds to Esprit Stake
Marathon Asset Management LLP (Marathon) recently added to its stake in HK-listed Esprit Holdings (Esprit). According to a filing submitted to the Hong Kong Stock Exchange on June 5th, 2017, the firm bought 6,506,500 shares on the exchange on June 2nd at an average price of HKD 5.578 per share (the total consideration was ~US$4.66m). Following the purchase, Marathon’s stake in Esprit […]
2017 Sohn Conference Hong Kong
The 2017 Sohn Conference Hong Kong took place yesterday at the Asia Society’s Jockey Club Hall. FT Alphaville covered the event and you can find their full notes from all the speaker presentations here. For more on how the 2016 picks played out, see here. Below is a summary of this year’s speakers and their corresponding picks: Seth Fisher (Oasis): […]
Jardine Acquires Stake in Greatview Aseptic
JSH Venture Holdings, a subsidiary of Jardine Strategic Holdings Limited (Jardine Strategic), announced on June 2nd that it has taken a stake in Greatview Aseptic Packaging (Greatview). Based on the filing submitted to the Hong Kong Stock Exchange, JSH Venture purchased 296,177,741 ordinary shares, which represents approximately 22.15% of the issued share capital of Greatview, at an average […]
Quarz Capital Goes Activist On HG Metal
Here is a potentially interesting activist situation at play in Singapore. Quarz Capital Management (Quarz) recently published an open letter to the board of directors of HG Metal Manufacturing (HG), an SGX-listed stockist and manufacturer of steel products. Based on their analysis, HG’s shares are trading at a “fire-sale” discount of ~60% to the company’s […]
2017 London Value Investor Conference Notes
The folks over at Market Folly have posted their notes from the sixth annual London Value Investor Conference, which took place on the 25th of May. You can find the link to their full coverage of the speaker sessions here. This year’s conference was perhaps unusual in that featured a relatively high proportion of Asian or […]
Perinvest: April Update
James Morton’s April letter for the Asia Dividend Equity Fund is now available for download from the Perinvest website. You can find our previous commentary on and coverage of the fund here. Brief highlights below (paraphrased): NAV rose by 1.6% in April and the fund is now up 17.6% YTD. 40% of the portfolio is in real estate and […]
Wykeham, Webb Add To 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 May 18th, 2017, the firm bought 2,662,000 shares on the exchange at an average price of HKD 1.179 per share on May 17th (total consideration was ~US$565,000). Following the purchase, […]