Advertisements

Evening Bamboo Insight: 10 Jul 2014

Evening Bamboo Insight: 10 Jul 2014

Macro

1. Carlos Slim bows to Mexico telecoms reform; offers to shrink his Mexico telecoms empire

http://www.reuters.com/article/2014/07/09/us-slim-america-movil-idUSKBN0FD2KR20140709

2. Scoping the new subprime as watchdogs cry ‘bubble’

http://www.reuters.com/article/2014/07/09/us-investment-analysis-idUSKBN0FE0F420140709

3. Fed Sets October End for QE Bond Buying

http://online.wsj.com/articles/fed-sets-october-end-for-bond-buying-1404928864

4. Companies Selling Stocks at Record Pace This Year; Offerings of Stock and Similar Securities Have Raised $510 Billion in 2014 Around the World

http://online.wsj.com/articles/companies-selling-stocks-at-record-pace-this-year-1404940991?mod=yahoo_hs

Asia Pacific

1. (China) – China’s yuan global ambition faces payments hurdle

http://www.reuters.com/article/2014/07/08/us-china-economy-yuan-idUSKBN0FD2G720140708

2. (Korea) – Over 3,000 small, established firms put up for sale in S. Korea

http://news.mk.co.kr/english/newsRead.php?sc=30800001&cm=Top%20Story&year=2014&no=970677&selFlag=&relatedcode=&wonNo=&sID=308

3. (India/Healthcare) – India likely to extend price caps to more drugs

http://in.reuters.com/article/2014/06/24/india-pharmaceuticals-idINKBN0EZ0CT20140624

4. (China) – Shaolin Monastery plans to develop mobile games; At present, the offices of the Shaolin Monastery have a Wi-Fi connection and every young monk has a smartphone

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140709000026&cid=1104

5. (India) – Modi should end his own honeymoon

http://www.todayonline.com/print/661941

6. (Taiwan/Tech) – Hon Hai soon to deploy self-made robotics for production

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140709000035&cid=1206

7. (Taiwan/Tech) – Cher Wang: A visionary tech founder returns to HTC

http://fortune.com/2014/07/07/cher-wang-htc/

8. (Spore) – Moody’s retains negative outlook on Singapore’s banks

http://www.thestar.com.my/Business/Business-News/2014/07/08/Moody-retains-negative-outlook-on-Singapore-banking-system/

9. (Taiwan) – Taiwan should invest more in ‘invisible assets’: think tank

http://www.chinapost.com.tw/print/411947.htm

10. China’s audit office plays powerful but silent role in anti-corruption crackdown

http://www.scmp.com/print/news/china/article/1536264/silent-deadly-chinas-secretive-audit-office-reveals-crucial-role-xis-anti

11. Strong Luye Pharma debut boosts prospects for ‘China orphan’ firms that had been previously listed elsewherehttp://www.reuters.com/article/2014/07/09/us-luye-pharma-grp-listing-idUSKBN0FE0JW20140709

12. (China/Tech) – Xiaomi Users Spend More Time In Apps Than iPhone Owners In China

http://techcrunch.com/2014/07/08/xiaomi-users-spend-more-time-in-apps-than-iphone-owners-in-china/

13. (Korea) – South Korea’s Costly Obsession With English

http://blogs.wsj.com/korearealtime/2014/07/09/south-koreas-costly-obsession-with-english/

14. (China) – China Finance Minister Says 7.5% GDP Target Not a ‘Floor’; Comment Suggests Beijing May Be Comfortable With Slower Growth

http://online.wsj.com/articles/china-finance-minister-says-7-5-gdp-target-not-a-floor-1404907259

15. (Isia) – Widodo Claims Victory in Indonesian Election, Subianto Won’t Concede

http://online.wsj.com/articles/polls-open-in-indonesia-presidential-race-1404872776

16. (Myanmar) – No fairytale ending for poor, divided Myanmar; An end to war and a transition to democracy are not the same as peace

http://www.ft.com/intl/cms/s/0/1a70e4f8-06d3-11e4-ba32-00144feab7de.html

17. (China) – Xi Jinping and Mao’s Playbook; The anticorruption campaign does not signal a reformed Party

http://online.wsj.com/articles/xi-jinping-and-maos-playbook-1404924289

Life

1. Are you a visionary director? A checklist for building shareholder value

http://blogs.cfainstitute.org/marketintegrity/2014/06/16/are-you-a-visionary-director-a-checklist-for-building-shareholder-value/

http://www.cfainstitute.org/learning/future/Documents/visionary_director.pdf

http://www.cfapubs.org/doi/pdf/10.2469/ccb.v2012.n3.1

2. VMware CEO Patrick Gelsinger Explains Why 3-Pronged Focus Is Right; Gelsinger abides by what he calls the “abundance theory” – the more time he spends with employees or business partners, the more he’s likely to learn

http://online.wsj.com/articles/boss-talk-vmwares-second-act-is-in-the-cloud-1404842502

http://blogs.wsj.com/atwork/2014/07/08/the-ceo-who-color-codes-every-minute

3. Why countries need to invest more in research

http://www.todayonline.com/print/661921

4. What Corporate Climbers Can Teach Us; ‘Dark’ Personality Traits Can Help People Rise Through Ranks

http://online.wsj.com/articles/what-corporate-climbers-can-teach-us-1404862389

5. 13 Most American Companies

http://fortune.com/2014/07/07/13-most-american-companies/

6. Probing Brain’s Depth, Trying to Aid Memory

http://www.nytimes.com/2014/07/09/health/probing-brains-depth-trying-to-aid-memory.html?ref=health

7. Lessons of a For-Profit College Collapse

http://www.nytimes.com/2014/07/09/opinion/lessons-of-a-for-profit-college-collapse.html?ref=opinion

8. Teaching Young Students the Fine Art of Arguing; More Schools Offer Debating Instructions to Younger Students

http://online.wsj.com/articles/teaching-young-students-the-fine-art-of-arguing-1404870369

9. The Magic Fades for Gowex’s Jenaro García; Lauded as an Innovator, Wi-Fi Entrepreneur Personifies Challenges Facing Spanish Economy

http://online.wsj.com/articles/the-magic-fades-for-gowexs-jenaro-garcia-1404843472

10. Two Important Lessons From Crumbled Crumbs Bake Shop

http://www.forbes.com/sites/adamhartung/2014/07/08/two-lessons-from-crumbled-crumbs-bake-shop/print/

11. Berkshire’s All Stars: The Enduring Value of Values; nine traits in subsidiaries, including budget-consciousness, earnestness, kinship, entrepreneurship, autonomy, and a sense of permanence

http://www.valuewalk.com/2014/07/berkshire-larry-cunningham/ 

12. For Crumbs, Growth May Have Come Too Fast

http://www.nytimes.com/2014/07/09/business/for-crumbs-growth-may-have-come-too-fast.html?ref=business

13. Bosch Korea CEO mixes football, military, management; ‘I learned to not just issue orders, even in the army. Give people some background, explain the target to them.’

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2991630&cloc=joongangdaily|home|online

14. How A Lucky Run In Vegas Saved FedEx

http://priceonomics.com/how-a-lucky-run-in-vegas-saved-fedex/

15. Hui Wing Mau: The self-made Australian billionaire that nobody knows

http://www.theage.com.au/business/the-selfmade-australian-billionaire-that-nobody-knows-20140708-zt08r.html

16. Why Bill Gates and Warren Buffett are so successful, in one word; Focus as a noun; Know how valuable your time is

http://qz.com/231907/why-bill-gates-and-warren-buffett-are-so-successful-in-one-word/

17. Why ABBA Turned Down $1 Billion To Reunite In 2000

http://www.businessinsider.sg/abbas-1-billion-reunion-offer-2014-7/#.U71YfPmSxqU

18. The Faulty ‘Mental Models’ That Lead to Poor Disaster Preparation

http://knowledge.wharton.upenn.edu/article/wind-rain-worse/

19. Has ‘Disruptive Innovation’ Run Its Course? Not Yet.

http://knowledge.wharton.upenn.edu/article/disruptive-innovation-run-course-yet/

TMT

1. Eventbrite’s Hartz hopes she’s found the ticket for a lasting company

http://fortune.com/2014/07/08/eventbrites-hartz-hopes-shes-found-the-ticket-for-a-lasting-company/

2. Confessions of a Computer Modeler; Any model, including those predicting climate doom, can be tweaked to yield a desired result

http://online.wsj.com/articles/confessions-of-a-computer-modeler-1404861351

3. A look back at classic deals of Sun Valley’s past

http://fortune.com/2014/07/08/a-look-back-at-classic-deals-of-sun-valleys-past/

4. Teen interns in Silicon Valley getting ‘insane’ pay

http://business.financialpost.com/2014/07/08/teen-interns-in-silicon-valley-getting-insane-pay/

5. How Intel, Microsoft and Apple show there is too much focus on disruption; The ‘lightbulb moment’ of a disruptive idea is important – but it’s the follow-up work keeping the lights on that is arguably more valuable

http://www.brw.com.au/p/leadership/disruption_intel_microsoft_and_apple_v1vfVKl0LIQRFri0uSudkK

6. No Revenue, No Assets Social Media Company CYNK Up Over $1 Billion (+110%) Today On 57K Shares Traded; Full List Of Companies “Audited” By CYNK’s Public Auditor

http://www.zerohedge.com/news/2014-07-09/sheer-insanity-no-revenue-company-rises-over-1-billion-today-57k-shares-traded

http://www.zerohedge.com/news/2014-07-09/full-list-companies-audited-cynks-public-auditor

7. (China/Tech) – Can WeChat Become A Major Advertising Platform?

http://blogs.wsj.com/digits/2014/07/09/can-wechat-become-a-major-advertising-platform/

Healthcare

1. Alzheimer’s Blood Test Progress Boosts British Biotech Company

http://online.wsj.com/articles/alzheimers-blood-test-progress-boosts-british-biotech-company-1404823119

2. Women’s Cancer Risk Raises Doubts About FDA Oversight; Critics See Morcellation Risk as Sign of Weakness in the Monitoring Process for Medical Tools

http://online.wsj.com/articles/womens-cancer-risk-raises-doubts-about-fda-oversight-1404842368

3. Rapid Price Increases for Some Generic Drugs Catch Users by Surprise

http://www.nytimes.com/2014/07/09/health/some-generic-drug-prices-are-soaring.html?ref=health

Consumer

1. Billionaire Jumps Into Headphone Battle Against Beats Audio

http://www.forbes.com/sites/stevenbertoni/2014/07/08/billionaire-jumps-into-headphone-battle-against-beats-audio/print/

2. Emerging Markets’ Chocolate Lovers Boost Cocoa Prices; Appetite for Chocolate in Developing Countries Has Sparked Rally in Cocoa, Near Three-Year Highs

http://online.wsj.com/articles/emerging-markets-chocolate-lovers-boost-cocoa-prices-1404849640

3. Crumbs closes in bitter end for biggest U.S. cupcake chain; Crumbs’ Downfall Shows Limits of American Cupcake Addiction; The Crumbnuts Weren’t Enough, as Cupcake Chain Closes Amid Glut

http://uk.reuters.com/article/2014/07/08/us-crumbs-bake-shop-bankruptcy-idUKKBN0FD2I520140708

http://www.bloomberg.com/news/print/2014-07-08/crumbs-downfall-shows-limits-of-american-cupcake-addiction-1-.html

http://www.bloomberg.com/news/print/2014-07-08/crumbs-closes-all-its-stores-as-crumbnuts-fail-to-revive-chain.html

4. (Consumer/Tech) – Home Depot Sales, IT Collaborate on the Connected Home

http://blogs.wsj.com/cio/2014/07/08/home-depot-sales-it-collaborate-on-the-connected-home/

5. Supermarkets Could Soon Manipulate Where You Walk

http://www.forbes.com/sites/tomvanriper/2014/07/08/supermarkets-could-soon-control-where-you-walk/print/

6. Quinoa Rides the ‘Superfoods’ Wave; Once-Obscure Peruvian Seed ‘Is a Perfect Collision of Trends’

http://online.wsj.com/articles/quinoa-rides-the-superfoods-gluten-free-waves-1404926555

Investing Process

1. Jonathan Booth on GM And Why BBBY Reminds Him of BRK

http://www.valuewalk.com/2014/07/jonathan-booth-on-gm-and-why-bbby-reminds-him-of-brk/

http://www.boothlaird.com/wp-content/uploads/2014/07/Booth-Laird-Q2-2014-Newsletter.pd

2. The Moneyball of Quality Investing: What Is Quality?

http://www.valuewalk.com/2014/07/moneyball-quality-investing

http://www.researchaffiliates.com/Production%20content%20library/The_Moneyball_of_Quality_Investing_pdf.pdf

Commodities

1. Big Commodity Traders Gain Clout; Trafigura, Vitol Among a Handful of Firms Shaking Up Markets

http://online.wsj.com/articles/big-commodity-traders-gain-clout-1404933074

Advertisements

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: