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Morning Bamboo Insight: 10 Jul 2014

Morning Bamboo Insight: 10 Jul 2014

Macro

1. Uncertainty Abounds Around Fed’s Rate Rise

http://online.wsj.com/articles/ahead-of-the-tape-uncertainty-abounds-around-feds-rate-rise-1404846316

2. Profits Vanish in Venezuela After Currency Devaluation

http://www.nytimes.com/2014/07/09/business/profits-vanish-in-venezuela-after-currency-devaluation.html?ref=business

3. Gowex collapse casts shadow over Spain’s alternative market listings

http://www.reuters.com/article/2014/07/07/gowex-stock-exchange-idUSL6N0PI2T720140707

Asia Pacific

1. (China) – Muddy Waters founder Carson Block : China’s Fake GDP Is Over-Inflated By 25%

http://www.businessinsider.sg/block-chinas-gdp-faces-25-correction-2014-7/#.U7w6MfmSxqU

2. (China/Consumer) – Here’s What Investors Get Wrong About Chinese Consumers; what foreign investors get wrong is that they think of Chinese consumers as one big market, when in fact they’re smaller, regional markets

http://www.businessinsider.sg/what-investors-miss-about-chinese-consumers-2014-7/#.U7w8WvmSxqU

3. (Japan) – Doraemon charms U.S. viewers in first remake for a foreign market

http://www.japantimes.co.jp/news/2014/07/09/national/doraemon-charms-u-s-viewers-in-first-remake-for-a-foreign-market/#.U7zCyfmSxqU

4. (Japan) – Japan’s innovation challenge

http://www.japantimes.co.jp/opinion/2014/07/08/commentary/japan-commentary/japans-innovation-challenge/#.U7zC4_mSxqU

5. (Msia/Healthcacre) – Malaysian botanical drug developer seeks $300 million Nasdaq listing

http://www.reuters.com/article/2014/07/08/us-felda-wellness-ipo-idUSKBN0FD0SY20140708

6. (Msia) – Worries over luxury condos, number of upcoming units in Malaysia’s Klang Valley ‘frightening’

http://www.thestar.com.my/Business/Business-News/2014/07/09/Worries-over-luxury-condos-Industry-watchers-Number-of-upcoming-units-frightening/

7. (HK) – Within the space of 10 hours, HSBC fundamentally changed the tone of a market analysis report about Hong Kong

http://www.thestandard.com.hk/news_detail.asp?we_cat=17&art_id=147180&sid=42584478&con_type=1&d_str=20140709&fc=4

http://www.thestandard.com.hk/news_detail.asp?we_cat=2&art_id=147189&sid=42584328&con_type=1&d_str=20140709&fc=4

8. (HK/China) – The Hong Kong arms of the Big Four have got the rule of law wrong

http://www.ft.com/intl/cms/s/0/91d0dcf2-05dd-11e4-8b94-00144feab7de.html#axzz36xGXM4Ee

9. (Asia) – Amid scratchy global economic growth, Asia accounts for nearly 30% of global foreign direct investment (FDI) inflows, making it the world’s top recipient of FDI

http://www.thestar.com.my/Business/Business-News/2014/06/25/Asia-the-worlds-top-recipient-of-FDI/

10. (Asia) – Currency Reserves Swell in Asia; Central-Bank Policy Makers Fight Tide of Cheap Global Capital

http://online.wsj.com/articles/currency-reserves-swell-in-asia-1404836140

11. (China) – China says graft found at leading university, state food company

http://uk.reuters.com/article/2014/07/08/uk-china-corruption-idUKKBN0FD05520140708

12. (China/Tech) – Overseas online shopping: China’s next ‘blue sea’

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140709000028&cid=1102

13. (China) – China’s Colonization Of America’s Luxury Real Estate Market In One Chart

http://www.zerohedge.com/news/2014-07-08/chinas-colonization-americas-luxury-real-estate-market-one-chart

14. (China) – China’s baddest billionaire builder Yan Jiehe, founder of Pacific Construction Group, China’s largest privately owned builder

http://fortune.com/2014/07/07/yah-jiehe-china/

15. (China) – More Chinese firms hungry for German businesses

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140709000038&cid=1202

16. (China) – Fearing graft probes, Chinese officials shun spotlight, seek retirement

http://www.reuters.com/article/2014/07/08/us-china-corruption-idUSKBN0FD2GV20140708

17. (Korea) – The debt ratio of Korea’s 10 business conglomerates facing a harsh restructuring program has surpassed 260 percent on average, worse than a year ago

http://news.mk.co.kr/english/newsRead.php?sc=30800016&cm=Finance&year=2014&no=969621&selFlag=sc&relatedcode=&wonNo=&sID=308

Life

1. Robots will take over middle-class professions, says minister; David Willetts, the university minister, suggests high-level professions are more likely to be taken over by computers than those that involve apparently simple tasks such as making a cup of tea

http://www.telegraph.co.uk/technology/10952317/Robots-will-take-over-middle-class-professions-University-Minister-says.html

2. America’s Richest Families: 185 Clans With Billion Dollar Fortunes

http://www.forbes.com/sites/luisakroll/2014/07/08/americas-richest-families-185-clans-with-billion-dollar-fortunes/print/

3. The Gilded Age Family That Gave It All Away: The Carnegies

http://www.forbes.com/sites/chloesorvino/2014/07/08/whats-become-of-them-the-carnegie-family/print/

4. How To Blow $9 Billion: The Fallen Stroh Family

http://www.forbes.com/sites/kerryadolan/2014/07/08/how-the-stroh-family-lost-the-largest-private-beer-fortune-in-the-u-s/print/

5. 175 Years Later, The Mellons Have Never Been Richer. How’d They Do It?

http://www.forbes.com/sites/abrambrown/2014/07/08/175-years-later-the-mellons-have-never-been-richer-howd-they-do-it/print/

6. Family Misfortunes: 8 Of America’s Richest Clans And Their Bitter Fights Over Billions

http://www.forbes.com/sites/katiasavchuk/2014/07/08/family-misfortunes-8-of-americas-richest-clans-and-their-bitter-fights-over-billions/print/

7. How The $1 Billion Kennedy Family Fortune Defies Death And Taxes

http://www.forbes.com/sites/carlodonnell/2014/07/08/how-the-1-billion-kennedy-family-fortune-defies-death-and-taxes-3/print/

8. Sky Scrappers: World Trade Center Is A Risk For Everyone Involved — Except The Billionaire Durst Family

http://www.forbes.com/sites/erincarlyle/2014/07/08/sky-scrappers-for-savvy-durst-family-world-trade-center-deal-is-a-pinnacle/print/

9. How types of Focus Influence our Lives; Heidi Grant Halvorson, a social psychologist and author talks about two types of focus and how they influence virtually every aspect of our lives

http://forbesindia.com/printcontent/38082

10. Seeker, Doer, Giver, Ponderer: The billionaire mathematician James H. Simons has led a life of ferocious curiosity

http://www.nytimes.com/2014/07/08/science/a-billionaire-mathematicians-life-of-ferocious-curiosity.html?ref=science&_r=0

11. ‘The Walking Dead’ Creator Robert Kirkman Discusses His Creative Process

http://www.businessinsider.sg/walking-deads-robert-kirkman-on-creative-process-2014-7/#.U7w6T_mSxqU

12. CEO Of Disgraced Spanish Tech Company Quotes Kipling In Email To Employees

http://www.businessinsider.sg/gowex-founder-kipling-2014-7/#.U7w7e_mSxqU

13. This Startup Has Saved Its Users Billions Of Minutes By Cleaning Up Their Email Inboxes

http://www.businessinsider.sg/startup-cleans-up-inbox-2014-7/#.U7w7jfmSxqU

14. “People who want to explore their inner experience need solitude to do so”

http://www.businessinsider.sg/the-personality-trait-that-drives-creative-achievement-2014-7/#.U7w8wfmSxqU

15. This Visionary Article From 1932 Holds An Important Lesson For America’s Workaholics

http://www.businessinsider.sg/1932-article-has-important-lesson-for-workaholics-2014-7/#.U7w8xPmSxqU

16. Motley Fool expanding its wealth management division; The firm, created as an investment advice newsletter 21 years ago by brothers David and Tom Gardner, is now offering more comprehensive financial planning with annual subscriptions

http://www.investmentnews.com/article/20140708/FREE/140709956?template=printart

TMT

1. WPP founder Sir Martin Sorrell: The 10 Trends Shaping the Global Ad Business; The Most Powerful Man In Advertising Says Creativity Is Dying In Europe And The United States

https://www.linkedin.com/today/post/article/20140707120453-237838958-the-10-trends-shaping-the-global-ad-business?trk=mp-reader-card

http://www.businessinsider.sg/sorrell-creativity-is-dying-in-the-west-2014-7/#.U7w6S_mSxqU

2. Inside Narrative Science, The Artificial Intelligence Company That Could Put Journalists Out Of Work

http://www.businessinsider.sg/narrative-science-2014-7/#.U7w8zvmSxqU

 

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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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