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 […]
Wykeham Buys More Ming Fai
Wykeham Capital Limited (Wykeham) increased their stake in HK-listed Ming Fai Group (Ming Fai). According to a filing made to the Hong Kong Stock Exchange on April 11th, 2017, the firm bought 1,105,000 shares on the exchange at an average price of HKD 1.087 per share on April 6th (total consideration was ~US$155,000). Following the purchase, Wykeham’s stake in the company increased from […]
Arisaig Comments On Dali Foods
Arisaig Partners recently released their letter for March, which is available for download from their website. Their Asia Consumer Fund is now up 15.4% for the year, driven largely by a broad-based market recovery in India in 2017. The fund has significant exposure to the retail sector in India, which was one of the relatively few short-term […]
Marc Faber On India, Emerging Markets
Marc Faber, editor of the “Gloom, Boom & Doom” report, recently shared his outlook on India and other emerging markets in an interview with ET NOW. You can watch the full interview clip here. Below are some highlights / takeaways: Majority of emerging markets have meaningfully underperfomed the US market since 2011. India, even after having “grossly […]
Dalton Adds To CSI Properties
Dalton Investments LLC (Dalton) added to their stake in HK-listed CSI Properties Limited (CSI). According to a filing made to the Hong Kong Stock Exchange on April 10th, 2017, the firm bought 6,550,000 shares on the exchange at an average price of HKD 0.355 per share on April 6th (total consideration was ~US$299,000). Following the purchase, their stake in CSI increased from 6.95% to 7.01% […]
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 […]
Doug Barnett: Versatile Investor
Quest Management (Quest) is a Bangkok-based fund manager with an exclusive focus on Thai stocks. The firm was founded by Doug Barnett in 1990 and currently manages the Thai Focused Equity Fund. The fund typically holds a concentrated portfolio of 8-14 stocks and the investment team works closely with the management teams of investee companies to create […]
David Webb Adds To Win Hanverky
David Webb recently added to his stake in HK-listed Win Hanverky Holdings (Win Hanverky). According to a filing made to the Hong Kong Stock Exchange on March 29th, 2017, he purchased 1,514,000 shares on the exchange at an average price of HKD 1.15 per share on March 24th (total consideration was ~US$222,000). Following the purchase, Webb’s stake in Win Hanverky increased […]
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 […]
First Eagle Adds To Hysan Development
First Eagle Investment Management (First Eagle) added to their stake in HK-listed Hysan Development (Hysan). According to a filing made to the Hong Kong Stock Exchange on April 3rd, 2017, the firm bought 212,000 shares on the exchange at an average price of HKD 35.331 per share on March 31st (total consideration was ~US$965,000). Following the purchase, their stake in Hysan increased from 4.98% to […]