Some interesting insider buying activity at AIA over the last month, as originally covered by Robert Halili in the SCMP: 27th February, 2017: Independent non-executive director Lawrence Lau purchased 100,000 shares on the exchange at an average price of HKD 50.10 per share (total consideration is about ~US$645k). Following the purchase, his total shareholding in the company increased […]
Lone Pine Trims Esprit Stake
Lone Pine Capital (Lone Pine) recently trimmed its stake in HK-listed Esprit Holdings (Esprit). According to a filing made to the Hong Kong Stock Exchange on March 1st, 2017, the firm sold 50,000,000 shares on the exchange at an average price of HKD 7.10 per share. Following the sale, Lone Pine’s stake in Esprit decreased from 12.63% […]
Emtek: A Naspers In The Making?
Note: This piece was originally written up as case study for personal reference rather than as a stock recommendation. Please feel free to send me any comments or thoughts on the article via email. Overview: Elang Mahkota Teknologi (Emtek) is an investment holding company focused on the technology, media and telecommunications sectors in Southeast Asia. The company’s primary value […]
Readings For The Week (5/3)
This week’s readings include a transcript of Warren Buffett’s recent Q&A with students from Peking University, Jesse Friedlander’s thoughts on how Hong Kong can become a technology leader, a look at YouTube’s new TV subscription service and VinaCapital’s outlook for Vietnam in 2017. Q&A with Peking University students: Jeffrey Towson recently led a group of students to […]
CC Asia Focus Comments on V-Power
Coupland Cardiff’s Asia Focus Fund briefly discussed their stake in V-Power Group in the fund’s January update to investors. The investment team spent recently some time in Bangladesh where (amongst other things) they visited one of the company’s distributed power generation plants that “is of vital importance to the local economy [but] also highly profitable for V-Power.” The […]
Moerus Discusses GLP, Straits Trading
Moerus Capital Management (Moerus) is a New York-based investment management company founded in September 2015. The firm’s founding / management team comprises Amit Wadhwaney, John Mauro, Michael Campagna and Ian Lapley, all of whom previously worked at Marty Whitman’s Third Avenue Management. Moerus currently advises the Moerus Worldwide Value Fund, which has a deep value-oriented, go-anywhere investment […]
Readings For The Week (26/2)
This week’s readings include the 4Q 2016 updates from Lighthouse Advisors and the Amala Emerging Asia Fund, Warren Buffett’s annual letter to Berkshire shareholders and a look at the increasing global impact of Chinese consumers by Jeffrey Towson at Peking University. Lighthouse Advisors: Benjamin Koh’s 4Q 2016 update to investors. Includes detailed market commentary and how investors […]
Playmates: An Update
Shares of Playmates are down ~8% since my recent write-up. The biggest move in the shares came yesterday, following the release of a profit warning from the company. In my experience, it is not unusual for the share price of a company to decline right after initiating a position – in fact, I almost expect it. I always struggle with […]
Readings For The Week (19/2)
This week’s readings include an Economist article on the Asian “model” of migration, the 2016 full year review from Lumiere Capital, a short interview with James Hay of the Pangolin fund and an approach to valuing Snap ahead of its IPO. Waiting to make their move: Asia’s looming labour shortage. Arisaig Partners: Fund updates for January 2017. Includes commentary on a […]
Arisaig Buys Stake in Dabur
Arisaig’s letter for January is now available on their website. Their Asia Consumer Fund reported a new stake in Dabur. The company is India’s largest manufacturer of branded Ayurvedic medicine & related products. The fund actually owned Dabur shares previously but exited its stake in 2007 due to valuation concerns at the time – since then, shares are […]