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Morning Bamboo Insight: 06/07/2014

Morning Bamboo Insight: 06/07/2014

Macro

1. Largest Austrian Bank Crashes After “Revealing” 40% Surge In Bad Debt Provisions, Record Loss

http://www.zerohedge.com/news/2014-07-04/stock-largest-austrian-bank-crashes-after-revealing-40-surge-bad-debt-provisions-rec

2. Workers are cutting back on the stock of their own companies; Berkshire Hathaway and other firms are limiting workers from putting all their eggs in one basket

http://online.wsj.com/articles/are-you-stuck-on-your-companys-stock-1404489182

3. Do hedge funds deserve the fees? Mostly not, according to Bernard Sabrier, chairman of Unigestion, a Geneva-based fund management firm with US$15.5 billion of AUM

http://www.businesstimes.com.sg/premium/wealth/others/do-hedge-funds-deserve-fees-20140705

4. David Winters on Asia, the Consumer, and Coca-Cola

http://online.barrons.com/news/articles/SB50001424053111904544004579651002373143572

5. How this Michigan landfill is turning Canada’s nasty trash into treasure

http://business.financialpost.com/2014/07/04/how-this-michigan-landfill-is-turning-canadas-nasty-trash-into-treasure/

Asia Pacific

1. (HK/China) – China’s Communist Party mouthpiece dismisses fears of erosion of HK autonomy

http://www.todayonline.com/print/646441

2. (Thai) – Thai junta compares its intervention to Myanmar’s 1988 crackdown

http://uk.reuters.com/article/2014/07/04/uk-thailand-politics-idUKKBN0F90VH20140704

3. (China) – The “Miracle” Of China’s PMI Resurrection In 1 Uncomfortable Chart

http://www.zerohedge.com/news/2014-07-04/miracle-chinas-pmi-resurrection-1-uncomfortable-chart

4. (Isia) – Indonesia’s President Endorses Subianto as Next Leader; Yudhoyono Made Unusual Joint Appearance on Live TV to Deliver Endorsement

http://online.wsj.com/articles/indonesias-president-endorses-subianto-as-next-leader-1404491348

5. (Isia) – Indonesian presidential hopeful Joko Widodo plans to allow foreign investment in apartments to boost tax revenue, a move that could spur demand for property in the country’s luxury market

http://www.bloomberg.com/news/print/2014-07-04/jokowi-to-let-foreigners-buy-indonesia-property-in-bid-for-taxes.html

6. (Msia) – Datuk Lim Kuang Sia, who founded Kossan Rubber Industries Bhd some 35 years ago, isn’t a fan of how “glut” has been used to describe the rubber glove sector

http://www.thestar.com.my/Business/Business-News/2014/07/05/Kossan-looks-past-oversupply-fears-Rubber-glove-maker-to-grow-capacity-to-35-billion-pieces-by-20/

7. Tan Sri Robert Tan Hua Choon, once dubbed the “the Casio King” for being the only distributor of the brand’s watches and calculators, just keeps unlocking the value of his companies

http://www.thestar.com.my/Business/Business-News/2014/07/05/Tans-assetunlocking-trail-The-rationale-for-the-latest-exercise-is-to-turn-GBH-into-an-OG-services/

8. (Isia) – Ministry to crack down on nepotism in Indonesian state companies

http://www.thejakartapost.com/news/2014/07/04/ministry-crack-down-nepotism-state-companies.html

9. (Asia) – Asia at ‘critical point’ due to splintering ties: Tommy Koh

http://www.channelnewsasia.com/news/singapore/asia-at-critical-point/1234450.html#

10. (Philippines) – 90-Year-Old Senator Juan Ponce Enrile, one of the Philippines’ most powerful politicians, was arrested on Friday over a massive corruption scandal that has shocked the country

http://www.thejakartaglobe.com/international/philippine-senator-arrested-massive-graft-scandal

11. (China) – Admiral Zheng He is everywhere in China these days, even though he died almost 600 years ago. The government is promoting him to remind its people – and Asia – that China’s destiny is to be a great naval power.

http://www.thejakartaglobe.com/international/china-seeks-great-power-status-centuries-sea-retreat

12. (Isia) – As Indonesians Prepare to Vote, Analysts Consider Post-Election Conflicts

http://www.thejakartaglobe.com/news/indonesians-prepare-vote-analysts-consider-post-election-conflicts/

13. (Australia) – Aussie aquaculture industry hopes to cash in on world demand for fish

http://www.smh.com.au/business/aquaculture-industry-hopes-to-cash-in-on-world-demand-for-fish-20140704-3bdqf.html#ixzz36YWwnyBC

14. (HK) – Hong Kong: Change in the air; As Beijing seeks to ‘clarify’ the level of autonomy in the former British colony, a mood of rebellion is growing

http://www.ft.com/intl/cms/s/0/65c1233c-035e-11e4-9195-00144feab7de.html#axzz36YnvLwtv

Life

1. Today’s Titans Can Learn From Fall of U.S. Steel; A once-powerful corporation has been dropped from the S&P 500-stock index, but the fact that it’s down may not mean that it’s out

http://www.nytimes.com/2014/07/04/business/todays-titans-can-learn-from-fall-of-us-steel.html?ref=business&_r=0

2. Best Of Carol Loomis: 1966-2012

http://www.valuewalk.com/2014/07/carol-loomis

3. 5 Startup Lessons From America’s First Cofounders; The United States was built on an entrepreneurial spirit. Here’s how the country’s first leaders paved the way for modern-day entrepreneurs

http://www.fastcompany.com/3032589/hit-the-ground-running/5-startup-lessons-from-americas-first-cofounders?partner=newsletter

4. ‘Yanks’: The Journey of a Word to Disrespect the Dutch

http://online.wsj.com/articles/yanks-the-journey-of-a-word-to-disrespect-the-dutch-1404418848

5. Imelda Marcos, the flamboyant wife of deposed Philippines dictator, Ferdinand Marcos, celebrated her 85th birthday with diamonds and ‘shoe’ cake

http://news.asiaone.com/print/news/plush/imelda-marcos-celebrates-85th-birthday-diamonds-and-shoe-cake

6. Nine HR Policies That Drive Good People Away

http://www.forbes.com/sites/lizryan/2014/07/04/nine-hr-policies-that-drive-good-people-away/print/

TMT

1. Smartphones allow do-it-yourself stress hormone tests

http://www.thestar.com.my/Business/Business-News/2014/07/05/Smartphones-allow-doityourself-stress-hormone-tests/

2. The Government Once Built Silicon Valley

http://techcrunch.com/2014/07/04/the-government-once-built-silicon-valley/

3. Design locally, print globally: 3-D printing market set to skyrocket

http://business.financialpost.com/2014/06/26/design-locally-print-globally-3-d-printing-market-set-to-skyrocket/?__lsa=502c-a34d

Health

1. A malfunction that spawns Frankenstein bugs; Overused drugs do not work, but unused drugs do not pay

http://www.ft.com/intl/cms/s/0/c2685762-02b0-11e4-a68d-00144feab7de.html#axzz36YnvLwtv

Investing Process

1. What Philip Fisher avoided

http://www.capitalideasonline.com/articles/index.php?id=4686

Energy

1. U.S. overtakes Saudi Arabia, Russia to become world’s biggest oil producer: report

http://business.financialpost.com/2014/07/04/u-s-overtakes-saudi-arabia-russia-to-become-worlds-biggest-oil-producer-report/?__lsa=502c-a34d

 

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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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