Summary notes from the recently concluded Sohn India Conference are available here. They were written up on Market Folly as a guest post by Alpha Ideas. Some of the ideas presented at the conference include PNB Housing Finance, DCB Bank, Persistent Systems and Entertainment Network (India). Info Edge, the online classifieds company founded in the early […]
Marathon Adds To Li Ning Stake
Marathon Asset Management LLP (Marathon) recently added to its stake in HK-listed Li Ning Company Limited (Li Ning). According to a filing submitted to the Hong Kong Stock Exchange on June 16th, 2017, the firm bought 3,079,500 shares on the exchange on June 15th at an average price of HKD 5.979 per share (the total consideration was ~US$2.36m). Following the […]
Arisaig Trims Convenience Retail Stake
Arisaig Partners (Arisaig) recently reduced their stake in HK-listed Convenience Retail Asia Ltd. (Convenience Retail). According to a filing made to the Hong Kong Stock Exchange on June 16th, 2017, the firm sold 10,000,000 shares on the exchange at an average price of HKD 4.05 per share on June 16th (total consideration was ~US$5.2m). Following the sale, Arisaig’s stake […]
Pangolin Discusses Wing Tai Malaysia
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. […]
David Webb: Rebuilding Free Markets In HK
David Webb, founder and editor of the Webb-site.com, recently made a presentation at Project Chambers on how Hong Kong’s free markets have eroded in the twenty years since handover and what the city can do to recover its dynamism. The presentation covers a wide range of topics including stamp duty, central planning in land use, […]
Readings For The Week (18/6)
This week’s readings include a look at how some Chinese companies are encouraging employee share purchase programs by guaranteeing them against losses, a review of “One Nation Under Gold” by James Grant, a recap of the Anbang story, Peter Tasker on how labour shortages will change Japan and a spotlight on tiger farms in Southeast […]
Jon Winkelried At Bloomberg Invest Summit
Jon Winkelried, the co-CEO of TPG, recently spoke with Jason Kelly at Bloomberg Invest New York about the evolving nature of the private equity business, how TPG is positioning itself and his outlook for the market. You can watch the 20 minute interview here. Some notes / highlights below: On his decision to work at […]
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 […]
Garry Kasparov Speaks At Google
Garry Kasparov was a guest at Google last week. He discussed his new book “Deep Thinking,” his 1997 match (and loss) against IBM’s Deep Blue and his thoughts on the future of artificial intelligence. The event was moderated by the CEO of DeepMind, Demis Hassabis. For those who don’t know the backstory, Kasparov’s 1997 chess match […]
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 […]