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 […]
Category: Readings
Apollo Asia Fund’s 1Q17 Report
A sober tone from Claire Barnes in her first quarter letter to investors. She writes that “more regional companies [are suffering] from capricious action by governments” and her impression is that these incidents are becoming more frequent. She cites recent examples in both India (a government ban on alcohol near highways) and Thailand (closure of Kingsgate’s Chatree gold mine). Last year, one […]
Readings For The Week (9/4)
This week’s readings include the FT’s James Crabtree on how many of the things that Brexiters admire about Singapore are only half-true, a New York Times profile of Dawn Fitzpatrick, an interview with Marc Faber on his outlook for India and other emerging markets as well as a talk by Charles Li on how Hong Kong can […]
CFA’s Paul Smith On The Future Of Finance
Paul Smith, the CEO of the CFA Institute, was on CNBC this week to briefly discuss the future of the investment profession. Here is the link to the video. Below are some highlights from his interview: Majority of CFA members feel that the finance industry is at an inflection point Structural headwinds include regulation, demographics and the rise […]
The Story of Vitasoy
Fascinating article in the SCMP this week on the early history and brand evolution of Vitasoy. The soy milk drinks company was founded in 1940 by Dr. Kwee Seong Lo as a way to fight malnutrition among Hong Kong’s fast-growing and largely lactose intolerant immigrant population from Mainland China. According to the article, the business struggled in its first year and […]
Readings For The Week (2/4)
This week’s readings include SIHL’s 2016 annual report, Petra Capital’s 4Q 2016 letter to investors, Carrie Lam’s keynote speech at the recently concluded Credit Suisse Asian Investment Conference and an interview with Vanguard’s CEO on the future of investment management. Also, in case you missed it, see my write-up of Cheah Cheng Hye’s recent talk at a Star […]
Matthews Asia: Outlook for Japanese Equities
Interesting piece published recently by Matthews Asia on their outlook for Japanese equities in 2017. Similar in tone to Peter Tasker’s (shorter) article on the brightening message from small cap Japan. Some excerpts / highlights from the report, paraphrased: Number of structural factors supporting Japanese equities in 2017 Improved Purchasing Managers’ Indexes (PMI), accelerating wage growth and the Japanese government’s decision […]
Readings For The Week (26/3)
A China-weighted reading list this week. Highlights include a look at the online-to-offline shift in Chinese retail, an interview with Ctrip’s CEO Jane Jie Sun and a profile of Chinese boulangerie chain Wedomé. Also, Peter Tasker on why Japanese small cap stocks deserve more attention and the FT’s lunch with Jean-Claude Juncker. Grocery wars: Alibaba and JD.com are moving […]
Li Lu’s 2015 Speech at Peking University
In October 2015, value investor Li Lu spoke to students at Peking University’s Guanghua School of Management on the prospects for value investing in China. He is the founder of Himalaya Capital, which manages a fund that focuses on public securities and privately held companies in both Asia and North America. Berkshire Hathaway vice-chairman Charlie Munger is an […]
Readings For The Week (19/3)
This week’s readings include Neal Cross of DBS on the truths and myths about fintech, Jardine Matheson’s preliminary announcement of its 2016 results, Arisaig’s February letter, Jeff Towson on how Alibaba is disrupting Chinese entertainment and Kishore Mahbubani on the Asean miracle. The fintech files: Neal Cross of DBS shares three truths and two myths about fintech in […]