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Morning Bamboo Insight: 05/07/2014

Morning Bamboo Insight: 05/07/2014

Macro

1. How Memphis Firm Decoded Bond Secrets Mystifying Wall Street

http://www.bloomberg.com/news/print/2014-06-29/how-a-memphis-firm-decoded-bond-secrets-mystifying-wall-street.html

2. General Electric: A hard act to follow; It has taken GE’s boss, Jeffrey Immelt, 13 years to escape the legacy of his predecessor, Jack Welch, and to steer the industrial colossus in a new direction

http://www.economist.com/news/business/21605916-it-has-taken-ges-boss-jeffrey-immelt-13-years-escape-legacy-his-predecessor-jack

3. Finding bargains will be tough after QE; The approach to asset management will have to change

http://www.ft.com/cms/s/0/2c511eae-fbbb-11e3-9a03-00144feab7de.html#axzz36OChQZk6

4. Byron Wien on “New Industrial Revolution”; The Wall St. pro shares the latest views of a mentor who sees a new breed of innovators emerging.

http://online.barrons.com/news/articles/SB50001424053111904248904580005073897702184

5. France has signalled it is ready to sell some of the state’s €100bn corporate shareholdings in companies to help pay down debt and invest in areas such as energy and housing

http://www.ft.com/intl/cms/s/0/20c7f470-02a7-11e4-8c28-00144feab7de.html

6. Dodging bullets while investing in Africa; Investors chasing high returns are ready to overlook real danger, weak governance and poor infrastructure

http://www.ft.com/intl/cms/s/0/92198762-fe0e-11e3-acf8-00144feab7de.html#axzz36UlqbFpS

7. Inside Monsanto, America’s Third-Most-Hated Company

http://www.businessweek.com/articles/2014-07-03/gmo-factory-monsantos-high-tech-plans-to-feed-the-world

8. Beware Investment’s Theory of Relativity

http://online.wsj.com/articles/heard-on-the-street-beware-investments-theory-of-relativity-1404406366

9. It’s time to bring GAAP into the 21st century

http://www.accountingtoday.com/ato_issues/28_07/poop-its-time-to-bring-gaap-into-the-21st-century-71191-1.html?zkPrintable=true

Asia Pacific

1. (Korea) – Campaign against ‘Gwanfia’ hits snag; President Park Geun-hye is showing firm resolve to root out the “Gwanfia,” or the practice of former high ranking officials taking top posts in the private sector

http://www.koreatimes.co.kr/www/news/biz/2014/07/488_160268.html

2. (Japan) – Squeaking By on Abenomics; Japan may survive-barely-the consumption-tax hike, but it won’t thrive without a bolder reform package

http://online.wsj.com/articles/squeaking-by-on-abenomics-1404320101

3. (HK) – Hong Kong financiers join in fight for democracy

http://www.chinapost.com.tw/print/411535.htm

4. Indonesia’s elite are rallying around former general and self-styled strongman Prabowo Subianto as he makes a final push to defeat Joko Widodo, the reformist Jakarta governor, in Wednesday’s presidential election

http://www.ft.com/intl/cms/s/0/d844e1f2-02ad-11e4-8c28-00144feab7de.html#axzz36UlqbFpS

5. Indonesia’s Election Has Investors on Edge; Investors pumped $6 billion into Indonesia this year, hoping a maverick will become president

http://www.businessweek.com/printer/articles/211275-indonesias-election-has-investors-on-edge

6. (Spore/Isia) – Singapore to Stop Issuing Bill Used in Indonesia Graft

http://www.thejakartaglobe.com/news/singapore-stop-issuing-bill-used-indonesia-graft/

7. (Thai) – Thai Central Bank Chief Says Independence Key to its Credibility; speculation over whether Thai junta would enlist the country’s central bank into their campaign to boost the economy quickly spread

http://blogs.wsj.com/economics/2014/07/03/thai-central-bank-chief-says-independence-key-to-its-credibility/

8. Asian malls are kings of retail

http://www.nationmultimedia.com/business/Asian-malls-are-kings-of-retail-30237691.html

9. (China) – China Trust ‘Timebomb’ Ticks as Credit Suisse Sees Rejig

http://www.bloomberg.com/news/print/2014-07-03/china-trust-timebomb-ticks-as-credit-suisse-sees-rejig.html

10. (China) – China’s version of PayPal is mounting one of the biggest challenges to Chinese banks

http://qz.com/229909/alibaba-now-runs-the-fourth-largest-money-market-fund-in-the-world-and-maybe-the-biggest-challenge-to-chinese-banks

11. (China) – Lady boss who runs the largest import and export company in Yongkang in eastern China’s Zhejiang province has been arrested in Uganda and escorted back to China

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140704000123&cid=1103

12. (China) – Look Elsewhere for Chinese Shoppers; Political Tensions Are Bad News for Hong Kong Retailers

http://online.wsj.com/articles/heard-on-the-street-look-elsewhere-for-chinese-shoppers-1404386975

13. (China) – Meet Decheng Mining: The Chinese Firm Which Rehypothecated Its Metal (At Least) Three Times

http://www.zerohedge.com/news/2014-07-03/meet-decheng-mining-chinese-firm-which-rehypothecated-its-metal-least-three-times

14. (China) – Piketty with Chinese Characteristics

http://www.project-syndicate.org/print/andrew-sheng-and-geng-xiao-apply-to-china-thomas-piketty-s-framework-for-understanding-the-country-s-rising-income-inequality

15. (China) – Chinese Developers Offer Home-Buyback Guarantees As Komatsu Warns Construction Is Slumping

http://www.zerohedge.com/news/2014-07-02/chinese-developers-offer-home-buyback-guarantees-komatsu-warns-construction-slumping

http://www.bloomberg.com/news/print/2014-07-01/china-developers-offer-buyback-guarantee-in-weakest-home-markets.html

http://www.bloomberg.com/news/print/2014-07-01/komatsu-ceo-flags-china-slump-as-mining-nears-bottom.html

16. (China) – Tale of abuse and revenge behind fall of China “tiger”

http://www.channelnewsasia.com/news/asiapacific/tale-of-abuse-and-revenge/1232164.html

17. Japan Tax Revenue at 6-Year High; Weaker Yen, Higher Shares Buoy Corporate Earnings, Capital Gains

http://online.wsj.com/articles/japan-tax-revenue-at-6-year-high-1404376164?mod=WSJ_LatestHeadlines

Life

1. 11 Characteristics Of Authentically Happy People; Happy people earn enough money to absorb unforeseen financial setbacks

http://www.businessinsider.sg/characteristics-of-authentically-happy-people-2014-7/#.U7aJPfmSxqU

2. A lesson from history – do not cling on to the past; Leaders must confront the world as it is, not as they know it

http://www.ft.com/intl/cms/s/0/4c3a0884-0138-11e4-a938-00144feab7de.html#axzz36UlqbFpS

3. 7 Hard Lessons Everyone Needs To Learn About Success

http://www.businessinsider.sg/hard-lessons-about-success-2014-7/#.U7aLDfmSxqU

4. Book Review: ‘Liberty’s Torch’ by Elizabeth Mitchell; It is a shame that a book about the Statue of Liberty tells you next to nothing about how it became the world’s most potent symbol of freedom

http://online.wsj.com/articles/book-review-libertys-torch-by-elizabeth-mitchell-1404342256

5. Book Review: ‘Elihu Yale’ by Diana Scarisbrick and Benjamin Zucker; Yale University bears the name of one of the world’s first super-managers, a child of the East India Co

http://online.wsj.com/articles/book-review-elihu-yale-by-diana-scarisbrick-and-benjamin-zucker-1404434537?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB10001424052702304120204580001090929266362.html

6. How To Become A Visionary Leader (Without Really Trying)

http://www.forbes.com/sites/augustturak/2014/07/01/how-to-become-a-visionary-leader-without-really-trying/print/

7. Business Secrets of the Trappist Monks: One CEO’s Quest for Meaning and Authenticity

http://www.amazon.com/Business-Secrets-Trappist-Monks-Authenticity/dp/0231160623/

8. New Study Destroys Malcolm Gladwell’s Famous ‘10,000 Hour Rule’

http://www.businessinsider.sg/new-study-destroys-malcolm-gladwells-10000-rule-2014-7/#.U7aKbfmSxqU

9. The Darkest Song From ‘The Lion King’ Was Based On A 1935 Nazi Propaganda Film

http://www.businessinsider.sg/the-lion-king-be-prepared-nazi-film-2014-6/#.U7aJ2fmSxqU

10. Lou Gehrig’s Famous Farewell Speech on July 4, 1939; “Iron Horse” Gehrig’s image endures, 75 years after ‘luckiest man’

http://www.usatoday.com/story/sports/mlb/2014/07/04/lou-gehrig-luckiest-man-speech-75th-anniversary-als/12207981/

11. What Made a Great Leader in 1776

http://blogs.hbr.org/2014/07/what-made-a-great-leader-in-1776/

TMT

1. (China/Tech) – After Rising to Dominance at Home, Alibaba Eyes E-Commerce Opportunities Abroad; E-commerce giant sees emerging markets like Russia and Southeast Asia as its next battleground

http://english.caixin.com/2014-07-04/100699682.html

2. Xiaomi shakes off its emulators who have tried to copy the business model

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140704000085&cid=1102

3. Kroger’s E-Commerce Buy Puts Grocery Chain Up Against Google

http://blogs.wsj.com/cio/2014/07/03/krogers-e-commerce-buy-puts-grocery-chain-up-against-google/

4. Maker of ‘Moshi Monsters’ Tries Social Network for Children; Mind Candy Founder Michael Acton Smith Believes PopJam Can Capture Untapped Subscriber Base

http://online.wsj.com/articles/maker-of-moshi-monsters-tries-social-network-for-kids-1404397941

Health

1. (China/Healthcare) – A growing trend of coronary-stenting overuse has emerged in China, with an ever-growing number of stents implanted with a lack of regulations to control the abuse

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140702000011&cid=1303

Consumer

1. Doritos Launches Bizarre ‘Roulette’ Edition Where Some Chips Are Insanely Hot

http://www.businessinsider.sg/doritos-releases-roulette-chips-2014-7/#.U7aKe_mSxqU

Investing Process

1. When To Sell A Stock? Lessons From The Greats

http://www.valuewalk.com/2014/07/sell-stock-lessons-greats/?utm_content=quick_link&utm_medium=email&utm_campaign=EMAIL_WEEKLY&utm_source=mailchimp

 

 

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About bambooinnovator
KB Kee is the Managing Editor of the Moat Report Asia (www.moatreport.com), a research service focused exclusively on highlighting undervalued wide-moat businesses in Asia; subscribers from North America, Europe, the Oceania and Asia include professional value investors with over $20 billion in asset under management in equities, some of the world’s biggest secretive global hedge fund giants, and savvy private individual investors who are lifelong learners in the art of value investing. KB has been rooted in the principles of value investing for over a decade as an analyst in Asian capital markets. He was head of research and fund manager at a Singapore-based value investment firm. As a member of the investment committee, he helped the firm’s Asia-focused equity funds significantly outperform the benchmark index. He was previously the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. KB has trained CEOs, entrepreneurs, CFOs, management executives in business strategy, value investing, macroeconomic and industry trends, and detecting accounting frauds in Singapore, HK and China. KB was a faculty (accounting) at SMU teaching accounting courses. KB is currently the Chief Investment Officer at an ASX-listed investment holdings company since September 2015, helping to manage the listed Asian equities investments in the Hidden Champions Fund. Disclaimer: This article is for discussion purposes only and does not constitute an offer, recommendation or solicitation to buy or sell any investments, securities, futures or options. All articles in the website reflect the personal opinions of the writer.

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