This week’s readings include a look at the shrinking Singapore market, a conversation with PAG’s Weijian Shan about his new book “Out of the Gobi,” Stephen Grenville on Indonesia’s policy options to slow volatile financial flows, George Soros on how Europe is sleepwalking into oblivion and the story of how Coca-Cola came to China 40 […]
OAM’s 2018 Letter
The 2018 annual letter for Overseas Asset Management’s Asian Recovery Fund is now out. You can access and download it directly from the firm’s website. We have covered Desmond Kinch’s writings in the past as they typically contain lots of interesting insights; this year is no different, so reading it is well worth your time. A few excerpts below […]
Scottish Oriental: Investor Update
Scottish Oriental Smaller Companies Trust plc (Scottish Oriental) recently published their semi-annual investor update for the period ended December 31, 2018. The report provides an update on changes to the portfolio over the period, insights about existing holdings as well as their outlook and positioning in the current environment. Worth a read. For more on Scottish […]
Cape Ann Adds To China Machinery Engineering
Cape Ann Asset Management Asset Management Limited (Cape Ann) recently increased its stake in HK-listed China Machinery Engineering Corporation (CMEC). According to a filing submitted to the Hong Kong Stock Exchange on February 13th, 2019, the firm purchased 3,978,000 shares on the exchange on February 12th at an average price of HKD 4.017 per share […]
Albizia Capital Takes Up Stake In Koufu
Based on a filing dated January 22nd, 2019, Albizia Capital have acquired over 20m shares at Koufu Group Limited’s (Koufu’s) initial public offering price of S$0.63 per share, which represents a ~3.6% stake in the company. 7m shares were bought over directly from Jun Yuan Holdings Pte Ltd, Koufu’s controlling shareholder, which is 50.0% owned by […]
Readings For The Week (9/2)
This week’s readings/links include a presentation by Gavin Ma of GaveKal Capital on SK Hynix and Geely, some notes from and thoughts on the Alibaba Q3 earnings call, a conversation with Michael Moritz of Sequoia Capital at the Stanford GSB, the transcript of George Yeo’s speech on the US-China Cold Peace as well as Singapore’s […]
Readings For The Week (3/2)
This week’s readings/links include an interview with Nathan Tinkler, Professor Mak Yuen Teen on whether SingPost’s lapses are indicative of a deeper malaise in the company, Aberdeen Standard’s Hugh Young on how changing diets in Asia are providing opportunities for investors, Leo Lewis on the spat between Descente and Itochu and Cal Newport on how […]
Readings For The Week (26/1)
Bumper reading list this week. Enjoy! The perils of short-termism: Civilisation’s greatest threat. George Soros: Remarks delivered at the World Economic Forum. David Webb’s current disclosed holdings: Also, his thoughts on why stock plunges happen so often in Hong Kong. What is GDP in China?: Analysts are increasingly skeptical that China’s very high reported GDP growth […]
Readings For The Week (13/1)
This week’s readings/links include an interview with Khosla Ventures’ Keith Rabois, summary notes from the latest Notz Stucki investment conference, Jim O’Neill on whether the Chinese consumer can be resurrected, a look at Baghdad as it approaches megacity status and Christopher Balding’s financial perspective on belt and road. The way SoftBank invests in startups just […]
Sal Daher With Howard Stevenson
A few weeks ago, I posted a link to Sal Daher’s wide-ranging interview with Howard Stevenson in 2017 (episode 29 of Daher’s Angel Invest Boston podcast). Howard Stevenson is a professor emeritus at the Harvard Business School and a co-founder of the Baupost Group. Below are just a few of my takeaways from that conversation, which […]