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Morning Bamboo Insight: 05 Aug 2014

Morning Bamboo Insight: 05 Aug 2014

Macro

  1. Big US banks shedding star financiers and traders

http://www.thestar.com.my/Business/Business-News/2014/08/04/Big-US-banks-shedding-star-financiers-and-traders/

  1. For FedEx and UPS, a Cheaper Route: the Post Office; Agency Stretches to Handle Business From Express Couriers; Is the Price Right?

http://online.wsj.com/articles/u-s-mail-does-the-trick-for-fedex-ups-1407182247?mod=WSJ_hp_RightTopStories

  1. Hedge funds eye a profit from European bank research retreat

http://in.reuters.com/article/2014/08/04/uk-financials-research-idINKBN0G40S620140804

  1. Why Buffett’s Berkshire Hathaway Is Clearly a Buy; At 1.35 times book value, shares remain attractive, especially with cash swelling to $49 billion

http://online.barrons.com/news/articles/SB50001424053111904329504580071753684230316?mod=BOL_twm_da

  1. Q&A: An African leader on why the continent could be the next great growth story

http://fortune.com/2014/08/04/qa-an-african-leader-on-why-the-continent-could-be-the-next-great-growth-story/

Asia Pacific

  1. (Isia) – Jakarta welcomes first ethnic Chinese governor

http://news.asiaone.com/print/news/asia/jakarta-welcomes-first-ethnic-chinese-governor

2. (China) – China Using Antimonopoly Law to Pressure Foreign Businesses; Experts Says Beijing Seeking Greater Sway Over Prices Paid by Chinese Companies and Consumers

http://online.wsj.com/articles/china-using-antimonopoly-law-to-pressure-foreign-businesses-1407154916?mod=WSJ_hp_LEFTWhatsNewsCollection

  1. (China) – After China port fraud probe, messy legal fight chills metal trade

http://www.reuters.com/article/2014/08/03/us-china-qingdao-lawsuit-idUSKBN0G30RJ20140803

  1. (China) – Xi Jinping’s tiger slaying distracts from party infighting: Duowei

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140804000061&cid=1101

  1. (China) – The mysterious family of Zhou Yongkang

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140804000016&cid=1101

  1. (India) – India’s Toilet Race Failing as Villages Don’t Use Them

http://www.bloomberg.com/news/print/2014-08-03/india-s-toilet-race-failing-as-villages-don-t-use-them.html

7. (China) – Mapping China’s Zhou Yongkang’s Web Of Power, Money, & Connections

http://www.scmp.com/infographics/article/1562539/infographic-sprawling-empire

  1. (Taiwan) – Taiwan Leaves Itself Behind; Ratifying a pact with China is the first step to diversified trade

http://online.wsj.com/articles/taiwan-leaves-itself-behind-1407171366

  1. (India) – India vs. the World: Scuttling a WTO trade deal hurts the Modi government’s attempt to project a reformist image to the world

http://online.wsj.com/articles/dhume-india-vs-the-world-1407171127

  1. (India) – Shares of India’s Syndicate Bank Fall After Chairman’s Arrest; Federal Investigators Say Sudhir Kumar Jain Accepted Bribes to Secure Loan Extensions

http://online.wsj.com/articles/shares-of-indias-syndicate-bank-fall-after-chairmans-arrest-1407166639?mod=yahoo_hs

  1. (India) – Polaris Industries Throws Down Against Mighty Harley-Davidson; Company Tries to Grab Attention for Indian, Victory Brands at Sturgis, S.D., Motorcycle Rally

http://online.wsj.com/articles/polaris-throws-down-against-mighty-harley-davidson-1407185344

  1. (Spore) – Singapore Airlines jet minutes away when MH17 shot down

http://news.asiaone.com/print/news/singapore/singapore-airlines-jet-minutes-away-when-mh17-shot-down

  1. (Spore) – Singapore contributed just S$227 million to Bosch’s total sales of S$18.3 billion in the Asia-Pacific

http://www.businesstimes.com.sg/premium/singapore/spore-vital-market-boschs-new-technologies-20140805

  1. (Msia) – The Malaysian equities market recorded a whopping RM13bil in net outflows of foreign portfolio funds over a 15-month period, and industry experts remain divided as to whether this negative trend will continue

http://www.thestar.com.my/Business/Business-News/2014/08/05/Local-equities-market-sees-RM13bil-net-outflows-over-15-months/

  1. (Spore/China) – Singapore’s Great Sale That Wasn’t: China Tourists Stay Away; “We will never come here again to shop on purpose”

http://www.thejakartaglobe.com/business/singapores-great-sale-wasnt-china-tourists-stay-away/

Life

  1. Margaret Thatcher was renowned for surviving on just four hours of sleep a night, and now scientists may have found the source of her extraordinary ability

http://www.theage.com.au/technology/sci-tech/thatcher-gene-key-to-thriving-on-less-sleep-20140802-zzp9q.html

  1. 4 Ways to Retrain Your Brain to Handle Information Overload

http://www.fastcompany.com/3033845/the-future-of-work/4-ways-to-retrain-your-brain-to-handle-information-overload?partner=newsletter

  1. The Remarkable Legacy of Warren Bennis, A Leader Of Leaders

http://www.huffingtonpost.com/bill-george/the-remarkable-legacy-of_b_5647728.html

http://blogs.hbr.org/2014/08/warren-bennis-leadership-pioneer/

http://www.forbes.com/sites/stevedenning/2014/08/02/a-tribute-to-warren-bennis-a-leader-of-leaders/print/

http://www.nytimes.com/2014/08/02/business/warren-g-bennis-scholar-on-leadership-dies-at-89.html?_r=0

  1. Five Simple Ways To Bring Out The Best In Others

http://www.forbes.com/sites/brucekasanoff/2014/08/04/five-simple-ways-to-bring-out-the-best-in-others/print/

  1. World War I Centenary Marked in Liège; World Leaders Gather in Belgian City Where Fighting Started

http://online.wsj.com/articles/world-war-i-centenary-marked-in-liege-1407146650?mod=WSJAsia_hpp_LEFTTopStories

  1. A Perfect Dose of Pessimism: A negative outlook at times can help you manage anxiety and stay healthy

http://online.wsj.com/articles/a-perfect-dose-of-pessimism-1407196064

  1. Singaporean founder of American food subscription service talks about the challenges she faced launching her startup in the US

http://www.businesstimes.com.sg/specials/sme-inc/others/love-food-hungry-success-20140805

  1. Great books remind us that our lives and collective history is more meaningful than the petty ambitions and bickering of leaders

http://www.thestar.com.my/Opinion/Columnists/Ceritalah/Profile/Articles/2014/08/05/We-can-still-learn-from-history/

  1. The Role Of Family In Good Education Is Really Important: James Heckman

http://forbesindia.com/printcontent/38337

  1. Winning Strategies For the Solution Economy

http://forbesindia.com/printcontent/38152

  1. Market Basket Shows the Best and Worst of Family Business

http://blogs.hbr.org/2014/08/market-basket-shows-the-best-and-worst-of-family-business/

  1. Don’t Trust Your Company’s Reputation to the Quants

http://blogs.hbr.org/2014/08/dont-trust-your-companys-reputation-to-the-quants/

  1. Lafley’s P&G Brand Cull and the 80/20 Rule

http://blogs.hbr.org/2014/08/lafleys-pg-brand-cull-and-the-8020-rule/

  1. New Singapore: Grandma sleeps in TTSH Hospital’s corridor for 2 days

http://www.tremeritus.com/2014/08/04/grandma-sleeps-in-ttshs-corridor-for-2-days/

  1. Education no cure-all for bad decisions; Explaining how pensions work might alarm rather than empower

http://www.ft.com/intl/cms/s/0/40af4b06-1b2c-11e4-b649-00144feabdc0.html#axzz39Tzztfi8

TMT

  1. (India/Media) – Indian media fret as conglomerate buys up major news channel

http://www.reuters.com/article/2014/08/03/us-india-media-idUSKBN0G300R20140803

  1. (China/Tech) – Xiaomi Overtakes Samsung in China Smartphone Market

http://blogs.wsj.com/digits/2014/08/04/xiaomi-overtakes-samsung-in-china-smartphone-market/?mod=WSJ_hp_Asia_EditorsPicks

  1. (China/Tech) – SAIC, Alibaba developing internet-connected cars

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140804000087&cid=1206

  1. Why Standalone Apps Are Supposed To Fail

http://techcrunch.com/2014/08/04/why-standalone-apps-are-supposed-to-fail/

  1. (China/Tech) – Xiaomi transformed from a niche player into the biggest smartphone maker in China, seemingly overnight. How did that happen so fast?

http://bits.blogs.nytimes.com/2014/08/04/xiaomi-tops-chinese-smartphone-market/?ref=technology

  1. Chegg, dubbed the “Netflix of books” Finds Partner to Handle Its Textbooks; The move by Chegg is an attempt to answer investors who may be wary that its signature business is becoming obsolete

http://www.nytimes.com/2014/08/05/business/media/chegg-finds-partner-to-handle-its-textbooks.html?

Consumer

  1. (Consumer/Tech) – Can this startup kill off the supermarket? Farmigo, a small farm-delivered food service, has an audacious dream: It thinks it can help wipe out the likes of Kroger and Albertsons

http://fortune.com/2014/08/04/can-this-startup-kill-off-the-supermarket/

  1. Procter and Gamble’s CEO is dismantling the behemoth he spent a decade building; “The problem is that focusing on fewer and bigger brands assumes that these will be the preferred choices for shoppers all around the world”

http://qz.com/244464/procter-and-gamble-brand-divestment/

Healthcare

  1. (China/Healthcare) – GE’s expensive equipment weighs down rural China’s telemedical market

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140804000088&cid=1206

Investing Process

1. Research – The Geography of Financial Misconduct

http://www.nber.org/papers/w20347?utm_campaign=ntw&utm_medium=email&utm_source=ntw

  1. Research – History of American Corporate Governance: Law, Institutions, and Politics

http://www.nber.org/papers/w20356?utm_campaign=ntw&utm_medium=email&utm_source=ntw

  1. The mess behind Banco Espirito Santo and its €3.6bn loss: Unusual accounting practices and related-party transactions, including apparently overvaluing certain assets and selling debt to its retail-banking clients

http://online.wsj.com/articles/espirito-santo-saga-entangles-swiss-company-1407149961

http://online.wsj.com/news/articles/SB10001424052702304014504579249151194382842

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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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