Platinum Investment Management Limited (Platinum) recently increased their stake in HK-listed BBMG Corporation (BBMG). According to a filing submitted to the Hong Kong Stock Exchange on August 15th, 2017, Platinum purchased 7,086,600 shares on the exchange at an average price of HKD 4.215 per share on August 10th (the total consideration was ~US$3.8m). Following the purchase, their […]
Hillhouse Adds To Stake In China Resources Beer
Hillhouse Capital Management (Hillhouse) recently increased their stake in HK-listed China Resources Beer (Holdings) Company Limited (China Resources Beer). According to a filing submitted to the Hong Kong Stock Exchange on August 14th, 2017, Hillhouse bought 5,162,000 shares on the exchange at an average price of HKD 19.4317 per share on August 9th (the total […]
Readings For The Week (13/8)
This week’s readings include an interview with Garena’s group president Nick Nash, Bloomberg on Ray Dalio’s succession plans, reflections from Kishore Mahbubani on ASEAN’s 50th anniversary, the second quarter investor letter from Petra Capital Management and Richard Harris on why low-turnover investing is a strategy that reaps rewards over the long term. Reimagining e-commerce for Southeast […]
FT Adviser Interview With Robert Horrocks
Interesting interview with Robert Horrocks in this week’s FT Adviser. Horrocks is the chief investment officer at Matthews Asia. He discussed his route into the industry, the challenges of marketing Asia to investors in the US and his outlook for the region. Some highlights below (quotes taken directly from the article): On investing in Asia […]
Ray Dalio: Risks Are Rising
Ray Dalio, the founder and chairman of Bridgewater Associates, has published a short blog post on LinkedIn. You can find the full note here. He writes that “prospective risks are now rising and do not appear appropriately priced in,” in part because people are assuming the circumstances they have recently encountered will persist. In his view, […]
Scottish Oriental’s Semi-Annual Update
Scottish Oriental Smaller Companies Trust have published their semi-annual update for 2017. You can download and read it here. The report provides a general update on their current thoughts and views, insights about existing holdings and changes to the portfolio over the period. It’s a little long, but an excellent read overall. I particularly enjoyed […]
Waverton Comments On Bekasi Fajar
Waverton Southeast Asian Fund recently published their investor update for July 2017, which is available for download from their website. The letter includes commentary on their (relatively small) position in Krungthai Card Company and their outlook for the banking sector in Singapore (fully valued in their view). The fund also initiated a position in Bekasi […]
Hillhouse Reduces Stake In China Suntien
Hillhouse Capital Management (Hillhouse) recently trimmed their stake in HK-listed China Suntien Green Energy Corporation Limited (China Suntien). According to a filing submitted to the Hong Kong Stock Exchange on August 8th, 2017, Hillhouse sold 2,980,000 shares on the exchange at an average price of HKD 1.7252 per share on August 4th (total consideration was ~US$659,000). Following the […]
Edgbaston Increases Stake In Xinhua Winshare
Edgbaston Investment Partners LLP (Edgbaston) recently added to their stake in HK-listed Xinhua Winshare Publishing and Media Company (Xinhua Winshare). According to a filing submitted to the Hong Kong Stock Exchange on August 7th, 2017, the firm bought 397,000 shares on the exchange on August 4th at an average price of HKD 6.4702 per share […]
Mondrian Trims Stake In MicroPort
Mondrian Investment Partners Limited (Mondrian) recently trimmed their stake in HK-listed MicroPort Scientific Corporation (MicroPort). According to a filing submitted to the Hong Kong Stock Exchange on August 4th, 2017, Mondrian sold 738,600 shares on the exchange at an average price of HKD 6.7056 per share on August 3rd (total consideration was ~US$635,000). Following the sale, […]