Evening Bamboo Insight: 16 Jul 2014

Evening Bamboo Insight: 16 Jul 2014

Macro

1. A world without water: the cost to companies

http://www.ft.com/intl/cms/s/2/8e42bdc8-0838-11e4-9afc-00144feab7de.html#slide0

2. Janet Yellen on the Everything Bubble

http://www.nytimes.com/2014/07/16/upshot/janet-yellen-on-the-everything-bubble.html?ref=business

Asia Pacific

1. (China) – China Picks COFCO, SDIC for State Asset Investment Reform Trials

http://www.bloomberg.com/news/print/2014-07-15/china-picks-cofco-sdic-for-state-asset-investment-reform-trials.html

2. (China) – Free of graft and technically skilled: the qualities Xi seeks in new PLA generals

http://www.scmp.com/print/news/china/article/1555044/free-graft-and-technically-skilled-qualities-xi-seeks-new-pla-generals

3. (China) – China and the cost of stimulus

http://ftalphaville.ft.com/2014/07/15/1898852/china-and-the-cost-of-stimulus/?utm_medium=email

4. (China) – The Implications of China’s Anti-Corruption Drive; The West should worry about a campaign that makes an autocratic regime with revisionist intent more effective

http://thediplomat.com/2014/07/the-implications-of-chinas-anti-corruption-drive/

5. (China) – Beijing is ramping up its efforts to identify “naked officials” – those whose relatives have moved abroad

http://www.news24.com/World/News/Beijing-steps-up-naked-officials-crackdown-20140715

6. (China) – Fast, Cheap and In the Red: Beijing’s Subway System Bled $558 Million Last Year

http://blogs.wsj.com/chinarealtime/2014/07/15/fast-cheap-and-in-the-red-beijings-subway-system-bled-558-million-last-year

7. (China) – China’s fight for cleaner air

http://www.marketplace.org/topics/sustainability/we-used-be-china/chinas-fight-cleaner-air

8. (China) – In China, Beijing Fights Losing Battle to Rein In Factory Production; Some Chinese Localities Stymie Efforts to Curb Industrial Overcapacity and Pollution

http://online.wsj.com/articles/in-china-beijing-fights-losing-battle-to-rein-in-factory-production-1405477804

9. (India) – Satyam Founder Ordered to Pay Back Alleged Accounting-Fraud Gains; Satyam Founder Ramalinga Raju, Former Executives Ordered to Pay More Than $300 Million From 2009 Scandal

http://online.wsj.com/articles/satyam-founder-ordered-to-pay-back-alleged-accounting-fraud-gains-1405447107?mod=rss_Technology

10. (Isia) – Indonesians Question Election Quick Counts

http://blogs.wsj.com/searealtime/2014/07/16/indonesians-question-election-quick-counts/

11. (China) – China announces plan for reform of state-owned enterprises

http://www.ft.com/intl/cms/s/0/07928638-0c24-11e4-a096-00144feabdc0.html#axzz37cCRFmEp

12. (Msia) – Malaysian corporate credibility hangs in balance with bank merger; Strong disclosure and governance key to avoiding hypocrisy

http://www.ft.com/intl/cms/s/0/2e760b60-0bcc-11e4-8693-00144feabdc0.html#axzz37cAgVRGc

13. (China) – China’s debt-to-GDP level: 200% and counting

http://www.economist.com/blogs/freeexchange/2014/07/china-s-debt-gdp-level

14. (China) – Chinese property developers at risk as trust funds dry up

http://www.reuters.com/article/2014/07/15/china-property-trusts-idUSL4N0PB20920140715

15. (Viet) – Rising bad debts may undermine Vietnam’s banks, says S&P

http://www.thestar.com.my/Business/Business-News/2014/07/15/Rising-bad-debts-may-undermine-Vietnam/

16. (China) – The biggest challenge for BRICS success? Big brother China

http://in.reuters.com/article/2014/07/15/brics-summit-china-idINL2N0PN0F720140715

17. (Isia) – Postcolonialism and the Need for a ‘Mental Revolution’ in Indonesia

http://www.thejakartaglobe.com/opinion/postcolonialism-need-mental-revolution-indonesia

18. (Isia) – Indonesia’s Democracy Test

http://www.nytimes.com/2014/07/16/opinion/indonesias-democracy-test.html?ref=opinion

19. (India/Healthcare) – Medanta-The Medicity: World class health care, with a soul; Dr Naresh Trehan’s vision for his latest venture is to emulate the best-in-class health care facilities in the world

http://forbesindia.com/printcontent/38218

20. (India) – Sansera Engineering: Staying afloat in a volatile industry

http://forbesindia.com/printcontent/38220

21. (Japan/Tech) – Employing all-purpose robots endowed with artificial intelligence as a workforce in the manufacturing industry is the solution to staving off any impending labor shortage in Japan, SoftBank CEO Masayoshi Son

http://www.japantimes.co.jp/news/2014/07/15/business/corporate-business/robots-can-solve-labor-woes-son/#.U8Y38PmSxqU

22. (Australia/Consumer) – If physical retail is dying, someone forgot to tell Dick Smith CEO Nick Abboud

http://www.brw.com.au/p/business/smith_physical_retail_abboud_dying_0lryMbgYVim3DHPpTJthUI

Life

1. Confidence is shaped by failure

http://www.todayonline.com/print/695786

2. Failure is fine if entrepreneurs do not sweeten the truth

http://www.ft.com/cms/s/0/848fceac-0b61-11e4-9e55-00144feabdc0.html#axzz37cCRFmEp

3. Great product design? It’s about empathy and delight

http://fortune.com/2014/07/15/product-design-empathy-delight/

4. The Importance of Doing Nothing; By giving the brain ‘downtime’ we can improve mental health and allow ideas to incubate

http://forbesindia.com/printcontent/38144

5. Shedding Hierarchy: Could Zappos Be Setting An Innovative Trend?

http://www.forbes.com/sites/nicoleleinbachreyhle/2014/07/15/shedding-hierarchy-could-zappos-be-setting-an-innvoative-trend/print/

6. Indonesia, Etc.: Exploring the Improbable Nation Hardcover

http://www.amazon.com/Indonesia-Etc-Exploring-Improbable-Nation/dp/product-description/0393088588/

7. Bamboo flute musician Tosha borrows from the modern to teach traditional tranquility

http://www.japantimes.co.jp/culture/2014/07/15/music/tosya-hopes-teach-traditional-tranquillity/#.U8Y4CfmSxqU

http://www.youtube.com/watch?v=E9rQ0p_6p9c

8. Withnail & I actor Richard E Grant builds perfume empire; Richard E Grant, actor turned entrepreneur, talks trademark battles, marijuana high notes, being a ‘deluded amateur’ perfumier, and why he would never create a celebrity fragrance

http://www.telegraph.co.uk/finance/businessclub/10966195/Withnail-and-I-actor-Richard-E-Grant-builds-perfume-empire.html

TMT

1. Microsoft surpass Yahoo Inc for the first time in the $140.2 billion worldwide digital advertising market; Google Inc will remain No. 1 with a 31.54 percent share, trailed by Facebook Inc with 7.79%

http://www.reuters.com/article/2014/07/15/us-advertising-digital-idUSKBN0FK1OP20140715?feedType=RSS&feedName=technologyNews

2. (Tech) – Apple, IBM in Deal to Create Apps, Sell Phones; Tech Firms Plan to Create Business Apps and Sell iPhones, iPads to IBM’s Corporate Customers

http://online.wsj.com/articles/apple-ibm-in-deal-to-create-apps-sell-phones-1405456933

3. (Tech) – Novartis and Google to Work on Smart Contact Lenses; Eyewear Will Monitor Blood-Sugar Levels for Diabetics

http://online.wsj.com/articles/novatis-google-to-work-on-smart-contact-lenses-1405417127

4. (Tech/Healthcare) – Big pharma teams up with big data; Google’s link with Novartis has beneficial implications for health

http://www.ft.com/intl/cms/s/0/9738eec8-0c0e-11e4-9080-00144feabdc0.html#axzz37cAgVRGc

5. Rocket Internet’s Oliver Samwer responds to critics ahead of IPO

http://www.ft.com/intl/cms/s/0/c475c952-091f-11e4-906e-00144feab7de.html#axzz37cAgVRGc

6. (Tech) – Google Glass creator sees future at Amazon

http://www.ft.com/intl/cms/s/0/2c856a0a-0c38-11e4-943b-00144feabdc0.html#axzz37cCRFmEp

7. Yahoo’s long goodbye with Alibaba takes heat off Mayer

http://in.reuters.com/article/2014/07/16/us-yahoo-results-alibaba-group-idINKBN0FL05Q20140716

8. Controlling the Home, Google Style

http://bits.blogs.nytimes.com/2014/07/15/controlling-the-home-google-style/?ref=technology

9. (Korea/Tech/Consumer) – Samsung to join forces with Under Armour for wearables

http://www.koreatimes.co.kr/www/news/tech/2014/07/129_161088.html

Healthcare

1. Teva faces fresh shareholder showdown over management structure and corporate governance

http://www.ft.com/intl/cms/s/0/17e18ec2-0b65-11e4-ae6b-00144feabdc0.html#axzz37cCRFmEp

Consumer

1. America’s Smokers: Still 40 Million Strong; Who’s the Real Cigarette Monopolist? Lorillard and Reynolds American are pikers next to Uncle Sam

http://online.wsj.com/articles/holman-jenkins-whos-the-real-cigarette-monopolist-1405468178?mod=yahoo_hs

http://online.wsj.com/articles/americas-smokers-still-40-million-strong-1405468491

2. E-Cigarette Makers Are in an Arms Race for Exotic Vapor Flavors

http://www.nytimes.com/2014/07/16/business/e-cigarette-makers-are-in-an-arms-race-for-exotic-vapor-flavors.html?_r=0

Investing Process

1. Research – Pick Your Poison – Fragmentation or Market Power? An Analysis of Regnms, High Frequency Trading, and Securities Market Structure

2. Research – Attracting Long‐Term Investors Through Integrated Thinking and Reporting: A Clinical Study of a Biopharmaceutical Company

Energy

1. (Energy) – Energy: The indispensable country; The US shale revolution has averted the threat of a global oil crisis caused by growing levels of conflict and instability

http://www.ft.com/intl/cms/s/0/601a8476-0b5d-11e4-ae6b-00144feabdc0.html

 

 

Morning Bamboo Insight: 16 Jul 2014

Morning Bamboo Insight: 16 Jul 2014

Macro

1. Alarm bells went off as the Federal Reserve warned of a bubble in social media and biotech stocks

http://money.cnn.com/2014/07/15/investing/fed-bubble-social-media-biotech/

2. The Failure of Stock Buybacks

http://www.businessweek.com/stories/2007-11-07/the-failure-of-stock-buybacksbusinessweek-business-news-stock-market-and-financial-advice

3. Do Buybacks Destroy Shareholder Value?

http://www.valuewalk.com/2014/07/buybacks-shareholder-value/

Asia Pacific

1. (Isia) – Indonesian Economy in Wait-and-See Mode

http://www.thejakartaglobe.com/opinion/indonesian-economy-wait-see-mode/

2. (Korea) – Samsung, Hyundai Motor’s clout in economy causes concern

http://www.koreatimes.co.kr/www/news/biz/2014/07/123_161075.html

3. (Korea) – South Korea recently enacted new disclosure rules for individual compensation of registered directors. Companies must now disclose individual compensation for registered directors when it exceeds 500 million won

http://www.koreatimes.co.kr/www/news/biz/2014/07/123_161080.html

4. (Korea) – Debt on river project snowballing; The former Lee Myung-bak administration pushed ahead with a controversial four-river refurbishment project costing a total of 22 trillion won without a national consensus

http://www.koreatimes.co.kr/www/news/biz/2014/07/488_161063.html

5. (China) – Zoomlion’s Old Excesses Still Leave Investor Indigestion

http://online.wsj.com/articles/heard-on-the-street-zoomlions-old-excesses-still-leave-investor-indigestion-1405419037?mod=yahoo_hs

6. (Taiwan/Tech) – ChipMOS’s odd corporate structure: Under its two listings, the entity on the Nasdaq acts like a holding company that owns about 60% of the Taiwan entity’s shares

http://online.wsj.com/articles/activist-finds-chipmos-value-is-easy-to-compute-1405410002

TMT

1. Yahoo Seeks to Bring the Concert to Your Couch

http://www.nytimes.com/2014/07/15/business/media/yahoo-seeks-to-bring-the-concert-to-your-couch.html?ref=technology

2. Hardware Is The New Software

http://techcrunch.com/2014/07/12/hardware-is-the-new-software/

3. BlackBerry Ltd tapping into ‘Internet of Things’ for more than just buzz

http://business.financialpost.com/2014/07/15/blackberry-ltd-internet-of-things-alec-saunders/?__lsa=20d8-60b5

4. (Taiwan/Tech) – ChipMOS’s odd corporate structure: Under its two listings, the entity on the Nasdaq acts like a holding company that owns about 60% of the Taiwan entity’s shares

http://online.wsj.com/articles/activist-finds-chipmos-value-is-easy-to-compute-1405410002

Investing Process

1. Introduction of Innovations during the 2007-8 Financial Crisis: The Role of Innovator Type

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2430675