Advertisements

Evening Bamboo Insight: 25 Jul 2014

Evening Bamboo Insight: 25 Jul 2014

Macro

1. Will A Handwritten Note From Warren Buffett Cause A Hedge Fund Exodus?

http://www.valuewalk.com/2014/07/warren-buffett-calpers

2. The dark, disturbing world of the visa-for-sale program

http://fortune.com/2014/07/24/immigration-eb-5-visa-for-sale/

3. Italy’s Richest Woman With A $10.4B Fortune Controls Menarini Group, Italy’s leading pharma company, But The Tax Man Is After Her

http://www.forbes.com/sites/afontevecchia/2014/07/24/italys-richest-woman-with-a-10-4b-fortune-controls-menarini-group-but-the-tax-man-is-after-her/print/

4. Why does Wall Street use a different kind of macroeconomic modeling than academia’s DSGE?

http://www.bloombergview.com/articles/2014-07-23/wall-street-skips-economics-class

5. Wall Street’s revenge of the nerds means fooling all the people all the time

http://www.theguardian.com/money/us-money-blog/2014/jul/24/wall-street-fooling-people

6. The Moral Chasm Between Israel and Hamas; The 3-mile-long tunnel from Gaza was designed for launching murder and kidnapping raids

http://online.wsj.com/articles/james-t-conway-the-moral-chasm-between-israel-and-hamas-1406243128?mod=Opinion_newsreel_11

7. Siemens: Fixing the German dynamo; Joe Kaeser is transforming Siemens’s structure; changing its culture will be harder

http://www.economist.com.libproxy.smu.edu.sg/news/business/21608637-joe-kaeser-transforming-siemenss-structure-changing-its-culture-will-be-harder-fixing

Asia Pacific

1. (China/Energy) – Inside Xi Jinping’s purge of China’s oil mandarins

http://www.reuters.com/article/2014/07/24/us-china-purge-cnpc-specialreport-idUSKBN0FT2NK20140724

2. (Thai) – Former Thai premier Yingluck meets, hugs brother Thaksin at Paris

http://news.asiaone.com/print/news/asia/former-thai-premier-yingluck-meets-hugs-brother-thaksin-paris

3. (Taiwan) – Taiwan wants to become an international financial center, but its regulators keep undermining that ambition. The latest example is a threatened prosecution of short-seller Glaucus who reported about suspicious accounting at Asia Plastic

http://online.wsj.com/articles/short-changing-taiwans-market-1406219784?mod=WSJ_LatestHeadlines

4. (Macro/China) – Ethiopia Becomes China’s China as Shoe Workers Chant in Mandarin

http://www.thejakartaglobe.com/business/ethiopia-becomes-chinas-china-shoe-workers-chant-mandarin/

5. Super Rich Indians now invest in Equity and Donate more; India’s rich lie in three segments – Inheritors, Entrepreneurs and Professionals

http://forbesindia.com/printcontent/38293

6. Japan’s eel farmers face state regulation to manage new extinction risk

http://www.japantimes.co.jp/news/2014/07/24/business/eel-farmers-face-state-regulation-manage-new-extinction-risk/#.U9HB-_mSxqU

7. Lotte World Adventure theme park has organized the special event, the nighttime multimedia parade and show “Let’s Dream”, in commemoration of its 25th anniversary, which fell on July 12

http://www.koreatimes.co.kr/www/news/culture/2014/07/320_161455.html

8. (Korea) – Experts agree on Choi’s grim outlook; Finance Minister Choi Kyung-hwan voiced concern that the Korean economy may follow in the path of Japan at the start of its so-called stagnant “lost two decades.”

http://www.koreatimes.co.kr/www/news/biz/2014/07/488_161669.html

9. (Korea) – Korea’s pension fund NPS stake in top 500 firms valued at $66bn; Stakes in Samsung and Hyundai Motor groups took up 47% of the total investment, and close to 70% when adding stakes in SK, LG and Lotte groups

http://news.mk.co.kr/english/newsRead.php?sc=30800016&cm=Finance&year=2014&no=1021873&selFlag=sc&relatedcode=&wonNo=&sID=308

10. (Korea) – Too much money held by South Korean large companies has led to an absurd situation in which their request to put the money into banks is often turned down for fear of negative margin

http://news.mk.co.kr/english/newsRead.php?sc=30800016&cm=Finance&year=2014&no=1026292&selFlag=sc&relatedcode=&wonNo=&sID=308

11. (Korea) – Over 70% LTV ratio Korean mortgages total $36 bn, two-thirds come from non-banks

http://news.mk.co.kr/english/newsRead.php?sc=30800016&cm=Finance&year=2014&no=1029073&selFlag=sc&relatedcode=&wonNo=&sID=308

12. (Korea) – South Korea Plans $40 Billion Stimulus to Tackle Weakening Growth

http://koreajoongangdaily.joins.com/news/article/article.aspx?aid=2992534

http://online.wsj.com/articles/south-korea-plans-spending-to-tackle-weakening-growth-1406163844

http://www.reuters.com/article/2014/07/24/us-southkorea-economy-idUSKBN0FT0VH20140724

http://www.bloomberg.com/news/print/2014-07-23/south-korea-growth-slows-more-than-forecast-as-consumption-drops.html

13. (China/HK/Consumer) – McDonald’s takes chicken nuggets off menu in Hong Kong amid food scare

http://www.reuters.com/article/2014/07/25/us-china-food-hongkong-idUSKBN0FU00J20140725

14. (China/India) – India’s Chinese Dream

http://www.project-syndicate.org/print/lee-jong-wha-outlines-how-india-can-replicate-china-s-economic-success

15. (China) – China meat supplier faced claims last year over unethical work practices

http://www.reuters.com/article/2014/07/25/us-china-food-dispute-idUSKBN0FU05Y20140725

16. (Isia/Spore) – Indonesians living in Singapore can soon remit money using cellphones

http://www.straitstimes.com/news/singapore/more-singapore-stories/story/indonesians-living-singapore-can-soon-remit-money-using-

17. (China) – Buyers and Brands Beware in China; The political realities behind the latest tainted food scandal

http://online.wsj.com/articles/buyers-and-brands-beware-in-china-1406220037

18. (China) – Beijing Has Top-Secret View of China’s Employment; the official unemployment rate-4.08% at last measure-is widely seen as useless as it barely budges in good times and bad

http://online.wsj.com/articles/heard-on-the-street-beijing-has-top-secret-view-of-chinas-employment-1406187890

Life

1. The importance of patience and the danger of information overload

http://ftalphaville.ft.com/2014/07/24/1905822/the-importance-of-patience-and-the-danger-of-information-overload/

2. The Highest-Paid Woman in Corporate America Is A CFO

http://www.forbes.com/sites/ruchikatulshyan/2014/07/24/the-highest-paid-woman-in-corporate-america-is-a-cfo/print/

3. How Internal Entrepreneurs Can Deal with Friendly Fire; You, your boss, and your organization can each be in one of four modes: Make It Happen (Make), Help It Happen (Help), Let It Happen (Let) or Keep It from Happening (Keep)

http://blogs.hbr.org/2014/07/how-internal-entrepreneurs-can-deal-with-friendly-fire/

4. Don’t Let Your Head Attack Your Heart

http://blogs.hbr.org/2014/07/dont-let-your-head-attack-your-heart/

5. Choose your parents wisely: There is a large class divide in how Americans raise their children. Rich parents can afford to ease up a bit; poor parents need help

http://www.economist.com/news/united-states/21608779-there-large-class-divide-how-americans-raise-their-children-rich-parents-can

6. Helicopter parents: Relax, your kids will be fine; Middle-class parents should give their children more freedom

http://www.economist.com.libproxy.smu.edu.sg/news/leaders/21608753-middle-class-parents-should-give-their-children-more-freedom-relax-your-kids-will-be-fine

7. 7 Everyday Phrases With Sinister Origins

http://www.businessinsider.sg/gruesome-origins-of-innocent-phrases-2014-7/#.U9Hul_mSxqU

8. 17 Things Successful People Never Say

http://www.businessinsider.sg/what-successful-people-never-say-2014-7/#.U9HuifmSxqU

9. The 12 Best Books The Marine Corps Wants Its Leaders To Read

http://www.businessinsider.sg/commandants-reading-list-2014-7/#.U9HvNvmSxqU

10. 12 Simple Ways To Be More Interesting

http://www.businessinsider.sg/how-to-be-interesting-2014-7/#.U9HvR_mSxqU

TMT

1. New Google Project Seeks to Define Healthy Human; Google has embarked on what may be its most ambitious and difficult science project ever: a quest inside the human body.

http://online.wsj.com/articles/google-to-collect-data-to-define-healthy-human-1406246214

2. How MasterCard became a tech company; Four years after taking the helm, CEO Ajay Banga has turned the payments processor into an innovator. The stock’s response? Priceless

http://fortune.com/2014/07/24/mastercard-tech-company/

3. (Tech/Healthcare) – Can Big Data cure cancer?

http://fortune.com/2014/07/24/can-big-data-cure-cancer/

4. Lessons from Jeff Weiner, LinkedIn’s Networker-in-Chief

http://fortune.com/2014/07/24/linkedins-networker-in-chief/

5. Apple could become “obsolete” in two years because the technology sector is so competitive, according to one hedge fund boss.

http://www.telegraph.co.uk/technology/apple/10989278/Apple-could-be-obsolete-in-two-years.html

6. Facebook is no longer a social network. It’s the world’s most powerful news reader

http://pando.com/2014/07/24/facebook-is-no-longer-a-social-network-its-the-worlds-most-powerful-news-reader/

7. Meal-Delivery Startups Look for Winning Recipe; Plated, Blue Apron Use Data to Focus on the Details; Measuring Demand for Crunchy Tofu

http://online.wsj.com/articles/meal-delivery-startups-look-for-winning-recipe-1406162891?mod=WSJ_hpp_sections_smallbusiness

8. (China/Tech) – Qualcomm’s China Hang-Ups

http://online.wsj.com/articles/heard-on-the-street-qualcomms-china-hang-ups-1406228307

9. Hot Employer Stocks Could End Up Burning Some Young Tech Tycoons; The Lesson of One-Time Highfliers Such as Pets.com Is to Diversify Your Holdings

http://online.wsj.com/articles/hot-employer-stocks-could-end-up-burning-some-young-tech-tycoons-1406217825

10. These Smart Shoes Will Make Sure You Never Get Lost Again

http://www.businessinsider.sg/lechal-smart-shoes-2014-7/

Consumer

1. Ford’s Epic Gamble: The inside story

http://fortune.com/2014/07/24/f-150-fords-epic-gamble/

2. Is T.J. Maxx the best retail store in the land? The off-price chain has built a fantastically loyal following. How have they done it? We got inside the playbook of parent company TJX

http://fortune.com/2014/07/24/t-j-maxx-the-best-retail-store/

3. Loblaw’s fresh approach giving it a big edge in heated grocery battle

http://business.financialpost.com/2014/07/24/loblaws-fresh-approach-giving-it-a-big-edge-in-heated-grocery-battle/

4. How adult diapers became paper-giant Domtar’s future (because they’re also yours)

http://business.financialpost.com/2014/07/24/how-adult-diapers-became-paper-giant-domtars-future-because-theyre-also-yours/

5. A Game of Golf? Not for Many Millennials; A drop in participation rates and disinterest among young people, particularly millennials, have sent both the retail and sporting ends of the business scrambling for a new strategy

http://online.wsj.com/articles/a-game-of-golf-not-for-many-millennials-1406159228

6. Burger King’s 33-Year-Old CEO Is Completely Reshaping The Company

http://www.businessinsider.sg/burger-kings-young-ceo-2014-7/#.U9Ht4_mSxqU

Healthcare

1. (Tech/Healthcare) – Can Big Data cure cancer?

http://fortune.com/2014/07/24/can-big-data-cure-cancer/

2. Beggar-Thy-Neighbor Medicine; A $1,000 pill ignites an ObamaCare war of all against all.

http://online.wsj.com/articles/beggar-thy-neighbor-medicine-1406245356

3. When Hospitals Buy Clinics, Prices Go Up

http://www.businessweek.com/printer/articles/215224-when-hospitals-buy-clinics-prices-go-up

4. Patients’ reviews: DocAdvisor; Patients around the world are starting to give doctors a piece of their mind. The result should be better care

http://www.economist.com/news/international/21608767-patients-around-world-are-starting-give-doctors-piece-their-mind-result

5. Mental illness: Some needles in the haystack; A consortium of researchers has shone a powerful light on schizophrenia

http://www.economist.com/news/science-and-technology/21608314-consortium-researchers-has-shone-powerful-light-schizophrenia-some

6. Clinical trials: The nation is losing its grip on a valuable industry

http://www.economist.com/news/britain/21608775-nation-losing-its-grip-valuable-industry-testing-testing

Investing Process

1. Do value stocks protect in market corrections?

http://www.pzena.com/uploads/documents/Commentary%202Q14.pdf

2. Research – Large shareholders and disclosure strategies: Evidence from IPO lockup expirations

Commodities

1. Bolivia’s Battery Ambitions; The country’s vast salt flats contain half of the global reserves of lithium

http://www.businessweek.com/articles/2014-07-24/bolivias-salt-flats-fuel-lithium-battery-ambitions

Research

1. Securities Lending, Empty Voting and Corporate Governance

http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2443217

 

 

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: