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Evening Bamboo Insight: 13 Jul 2014

Evening Bamboo Insight: 13 Jul 2014

Macro

1. Philips: Lights out; The Dutch electronics firm restructures, yet again; In the early 1980s the company that had invented the rotary shaver

http://www.economist.com/news/business/21606847-dutch-electronics-firm-restructures-yet-again-lights-out

2. Junk-Rated Loans Could Incur Big Losses: OCC Comptroller; Should the economy come under stress, a large number of leveraged loans could default and cause record losses, according to one banking regulator.

http://ww2.cfo.com/credit/2014/07/junk-rated-loans-incur-big-losses-occ-comptroller

3. UK banks may have to hold more capital than under global rule

http://www.reuters.com/article/2014/07/11/us-britain-boe-leverage-idUSKBN0FG0MQ20140711

4. A Cash Headache for Companies

http://online.wsj.com/articles/heard-on-the-street-a-cash-headache-for-companies-1405091857?mod=yahoo_hs

5. (Taiwan/Tech) – TSMC Starts Shipping Microprocessors to Apple; After Samsung Dispute, the iPhone and iPad Maker Seeks to Diversify Suppliers

http://online.wsj.com/articles/tsmc-starts-shipping-microprocessors-to-apple-1404991514

Asia Pacific

1. Japanese electronics firms: Eclipsed by Apple; Electronics companies in Japan are starting to turn themselves around, but they are a shadow of their former selves

http://www.economist.com/news/business/21606845-electronics-companies-japan-are-starting-turn-themselves-around-they-are-shadow

2. (China/Tech) – Alibaba Has a Long Runway for Growth

http://news.morningstar.com/articlenet/HtmlTemplate/PrintArticle.htm?time=93321861

3. (Spore) – $5 meals, $500 holidays and $50k homes for SG50, Singapore’s 50th anniversary

http://news.asiaone.com/print/news/singapore/5-meals-500-holidays-and-50k-homes-sg50

4. (China/Tech) – Alibaba Sets Latest Value at $130 Billion; The Chinese E-Commerce Company Values Each Share at $56, up from $50 in an Earlier Filing

http://online.wsj.com/articles/alibaba-sets-latest-value-at-130-billion-1405119989

5. (Asean/Tech) – Southeast Asia E-Commerce Set to Boom

http://blogs.wsj.com/digits/2014/07/10/southeast-asia-e-commerce-set-to-boom/

6. (China) – China Unveils Measures to Regulate Banks’ Wealth-Management Products; New Requirements Another Step to Tighten Grip on Shadow-Banking Business

http://online.wsj.com/articles/china-unveils-measures-to-regulate-banks-wealth-management-products-1405079528

Life

1. The Epic Story Of How A ‘Genius’ Hedge Fund Almost Caused A Global Financial Meltdown

http://www.businessinsider.sg/the-fall-of-long-term-capital-management-2014-7/#.U8AfovmSxqU

2. The Surprising Benefits Of Being Superstitious

http://www.businessinsider.sg/surprising-benefits-of-superstitions-2014-7/#.U8AgZvmSxqU

3. 2 Economists Have A Radical Proposal To Make It Legal To Steal Other People’s Ideas

http://www.businessinsider.sg/america-without-patents-2014-7/#.U8AgXPmSxqU

4. German lessons: Many countries want a Mittelstand like Germany’s. It is not so easy to copy

http://www.economist.com/news/business/21606834-many-countries-want-mittelstand-germanys-it-not-so-easy-copy-german-lessons

5. Kimberly-Clark Finance Chief to Staff: Think Like a CFO; Mark Buthman’s ‘Power of a CFO’ mantra aims to instill a business-leader mindset in every team member

http://ww2.cfo.com/leadership/2014/07/kimberly-clark-finance-chief-staff-think-like-cfo

6. 5 Great Business Books To Look Out For In Q3

http://www.valuewalk.com/2014/07/great-business-books

7. The Intel Trinity: How Robert Noyce, Gordon Moore, and Andy Grove Built the World’s Most Important Company

http://www.amazon.com/gp/product/0062226762/

8. Driving Honda: Inside the World’s Most Innovative Car Company

http://www.amazon.com/gp/product/1591844738

9. The Power of Noticing: What the Best Leaders See

http://www.amazon.com/gp/product/147670029X

10. The Organized Mind: Thinking Straight in the Age of Information Overload

http://www.amazon.com/gp/product/052595418X

11. Smartcuts: How Hackers, Innovators, and Icons Accelerate Success

http://www.amazon.com/Smartcuts-Hackers-Innovators-Accelerate-Success/dp/product-description/0062302450

12. The small BIG: small changes that spark big influence

http://www.amazon.com/small-BIG-changes-spark-influence/dp/1455584258

13. Zero to One: Notes on Startups, or How to Build the Future

http://www.amazon.com/gp/product/0804139296

14. The Innovator’s Hypothesis: How Cheap Experiments Are Worth More than Good Ideas

http://www.amazon.com/gp/product/0262028360

15. The Sense of Style: The Thinking Person’s Guide to Writing in the 21st Century

http://www.amazon.com/Sense-Style-Thinking-Person%C2%92s-Writing/dp/0670025852

16. The Innovators: How a Group of Inventors, Hackers, Geniuses, and Geeks Created the Digital Revolution

http://www.amazon.com/gp/product/147670869X/ref=as_li_qf_sp_asin_il_tl

17. Winners Dream: A Journey from Corner Store to Corner Office by SAP co-CEO Bill McDermott

http://www.amazon.com/gp/product/1476761086

18. Would You Buy Abraham Lincoln’s Sweater? Many believe that people leave their immaterial essences on objects they owned

http://online.wsj.com/articles/would-you-buy-abraham-lincolns-sweater-1405090692

19. Skin Cells’ Sense of Smell; Researchers have found that skin has olfactory receptors-and that a synthetic sandalwood scent facilitates wound-healing

http://online.wsj.com/articles/skin-cells-sense-of-smell-1405104181

20. Disinformation: A Deliberately Devious Word; The CIA’s style guide makes a careful distinction between misinformation and disinformation

http://online.wsj.com/articles/disinformation-a-deliberately-devious-word-1405127883?mod=rss_Books

21. Famous Lost Words; A brief history of dubious edits, from a book-burning Chinese emperor to the Bowdlers’ rewrites of Shakespeare

http://online.wsj.com/articles/famous-lost-words-1405121109

TMT

1. Microsoft CEO Satya Nadella Just Rejected Steve Ballmer’s Big Plan to be a “devices and services” company (devices came first) by becoming a “productivity and platforms” company

http://www.businessinsider.sg/nadella-just-rejected-ballmers-vision-2014-7/#.U8AgTvmSxqU

2. The biggest internet companies

http://www.economist.com/news/business/21606850-biggest-internet-companies

3. Japanese electronics firms: Eclipsed by Apple; Electronics companies in Japan are starting to turn themselves around, but they are a shadow of their former selves

http://www.economist.com/news/business/21606845-electronics-companies-japan-are-starting-turn-themselves-around-they-are-shadow

4. Intel’s Answer to iPad: Cheap Tablets; Chip Maker, Frozen Out of Market, Is Wooing Little-Known Suppliers in Shenzhen, China

http://online.wsj.com/articles/for-intel-chinese-city-of-shenzhen-holds-key-to-tablet-market-1405106599?mod=LS1

Consumer

1. Levi Strauss: The Boss and the yogi; The world’s biggest jeans-maker makes an unfashionable bet on the middle market

http://www.economist.com/news/business/21606849-worlds-biggest-jeans-maker-makes-unfashionable-bet-middle-market-boss-and

Investing Process

1. Accounting fraud: Got ’em, Gotham; The company-accounts detectives collar another suspect

http://www.economist.com.libproxy.smu.edu.sg/news/business/21606838-company-accounts-detectives-collar-another-suspect-got-em-gotham

 

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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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