Brandes Investment Partners (Brandes) recently acquired a notifiable interest in Hong Kong-listed PAX Global Technology Limited (PAX Global). Based on a filing submitted to the Hong Kong Stock Exchange on May 23rd, 2018, Brandes bought 921,000 shares on the exchange at an average price of HKD 3.47 per share on May 21st (the total consideration was […]
Graham & Doddsville: Spring 2018 Issue
The latest edition of the Graham & Doddsville newsletter is out. The publication is put together by the students of Columbia Business School (CBS). You can download and read a copy here. The Spring 2018 issue includes interviews with Bruce Greenwald (CBS) & Mark Cooper (First Eagle), Michael Mauboussin (BlueMountain Capital) & Tom Digenan (UBS Asset Management) […]
David Webb Discloses Portfolio Changes
David Webb recently acquired a notifiable interest in both International Housewares Retail Co. and Winox Holdings. He also increased his stake in Computer And Technologies and trimmed (slightly) his position in Pico Far East Holdings. The relevant events occurred between April 26th-30th. David Webb is a private investor who has lived in Hong Kong since 1991. […]
Readings For The Week (13/5)
An expanded reading list this week. Enjoy! Who dominates the economies of Southeast Asia?: Japan is region’s biggest investor but data show Beijing’s influence is growing fast. The man who changed the world, twice: A profile of Stewart Brand. Is it gloom or boom, Dr. Doom?: Conversation with Marc Faber. Thoughts on ASEAN: Recent talk by […]
Readings For The Week (29/4)
This week’s readings / links include a look at gender imbalance in China and India, thoughts on China’s dual onshore and offshore foreign exchange markets, Elliott Management’s presentation on unlocking value at Hyundai, Japan’s rent-a-family industry and Peter Tasker on Trump’s path to the Nobel Prize. Too many men: China and India battle with the consequences […]
Longleaf Comments On AIN Holdings
The Longleaf Partners Funds have published their 1Q 2018 report(s). It includes some commentary on a new holding in Japan (AIN Holdings) for the International Fund. Excerpt below: “AIN Holdings (+30%, +0.62%), the largest prescription pharmacy chain in Japan, was a new investment in the quarter and quickly contributed. Japan’s prescription dispensing pharmacy industry is […]
Kennox Comments On China Mobile
The Kennox Strategic Value Fund’s 1Q 2018 report included some commentary on HK-listed China Mobile (see the excerpt below). Kennox is an Edinburgh-based wholly independent asset manager. Their team runs the Kennox Strategic Value Fund, a long only global equities portfolio. As per their latest quarterly report: “[China Mobile] has the largest subscriber base of […]
Readings For The Week (22/4)
This week’s readings / links include a look at plans to manage the widening discount at First Pacific, the bike-share oversupply problem in China, GMO’s Arjun Divecha on Russia, thoughts on Japan’s ageing population milestone and Facebook’s problem with hate speech in Sri Lanka. Investors press Indonesian conglomerate Salim’s holding company to sell assets: As stock […]
Readings For The Week (15/4)
This week’s readings / links include an interview with Jin Liqun from the Asian Infrastructure Investment Bank, Aswath Damodaran on the recent reversal in fortunes for the FANG stocks, the Yale endowment’s 2017 report, an opinion piece from Philip Bowring and a talk by Sal Khan at Google. China’s answer to the World Bank wants green, […]
Symphony’s 2017 Annual Report
Symphony International Holdings Limited have recently published their 2017 annual report (also embedded below). They are a publicly listed strategic investment company focused primarily on high-growth sectors – healthcare, hospitality, lifestyle and branded real estate – that stand to benefit from the rising disposable incomes of Asia’s increasing, and increasingly aspirational, population. Decent read for an overview […]