Morning Bamboo Insight: 07 Aug 2014

Morning Bamboo Insight: 07 Aug 2014

Macro

1. Corporate America’s ‘ABC’ policy – Anything But Capex

http://www.reuters.com/article/2014/08/06/us-markets-investment-capex-analysis-idUSKBN0G60CC20140806

2. Risk and Reward on Market Frontier; Investors Pouring Billions Into Booming Smaller Markets, Prompting Warnings

http://online.wsj.com/articles/risk-and-reward-on-market-frontier-1407312789

3. What if the SEC were to Launch a Largecap Fraud Task Force: the Ode to the SEC Edition

http://thelongshorttrader.com/2014/08/06/what-if-the-sec-were-to-launch-a-largecap-fraud-task-force-the-ode-to-the-sec-edition/

4. Private Equity Finds a Foothold in Israel, the Land of Venture Capital

http://knowledge.wharton.upenn.edu/article/israel-private-equity/

Asia Pacific

1. (China) – China Default Storm Seen as Record Private Bonds Mature

http://www.bloomberg.com/news/print/2014-08-05/default-storm-seen-as-record-private-bonds-mature-china-credit.html

2. (Korea) – S. Korea sets rules to tax excessive corporate cash reserves; a large company will be levied a 10% tax on surplus funds when it spends less than 80% of net profit on dividend payouts, additional wages or investment in facilities

http://www.thestar.com.my/Business/Business-News/2014/08/06/S-Korea-sets-rules-to-tax-excessive-corporate-cash-reserves/

3. (Taiwan) – Billionaire’s Media Push Tests The Toughness Of A Taiwan “Strawberry”

http://www.forbes.com/sites/russellflannery/2014/08/06/billionaires-media-push-tests-the-toughness-of-a-taiwan-strawberry/print/

4. (China) – Senior suicides become the norm in rural parts of China

http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20140806000012&cid=1503

5. (China) – China’s ever more precarious towers

http://ftalphaville.ft.com/2014/08/06/1919002/chinas-ever-more-precarious-towers/

6. (China) – China warns of corporate bond market risks, may raise threshold for new issues

http://www.reuters.com/article/2014/08/06/us-china-bonds-idUSKBN0G60Q420140806

7. Deals’ Demise Wrecks Funds’ Bets; Busted Buyouts and Warning by Obama Sting Big Investors; It’s ‘Arbageddon’

http://online.wsj.com/articles/deals-demise-wrecks-funds-bets-1407368591

8. Bank Regulators Roar at $700-Trillion Market

http://online.wsj.com/articles/heard-on-the-street-bank-regulators-roar-at-700-trillion-market-1407361223

9. Summertime Living Isn’t Easy for Macro Funds; Graham Capital, Rubicon Among Hedge-Fund Firms Feeling Heat of Poor Returns

http://online.wsj.com/articles/summertime-living-isnt-easy-for-macro-funds-1407356551

1. Statist Strongmen Putin-Xi See History Alive in Capitalism Clash; State capitalism isn’t confined to China and Russia. The emirates of the Persian Gulf have long fused state and bazaar

http://www.thejakartaglobe.com/business/statist-strongmen-putin-xi-see-history-alive-capitalism-clash/

1. (Japan) – Japan’s top banks are seeking out riskier borrowers with an eagerness not seen since the early 1990s

http://online.wsj.com/articles/japanese-lenders-seek-out-riskier-borrowers-1407362343

2. (China) – China Steps Up Antitrust Duel With West

http://online.wsj.com/articles/china-regulator-probes-microsoft-accenture-offices-1407310450?mod=mktw

3. (Spore) – Singapore IPO Market in a Slump; City-State Suffers Worst Year for IPOs Since 2009

http://online.wsj.com/articles/samudra-pulls-out-of-ipo-1407296817

4. (Japan) – Unlock the Potential of Japan’s Savings; Governance reform and diversification at Japan’s largest pension fund will benefit the whole economy

http://online.wsj.com/articles/unlock-the-potential-of-japans-savings-1407343928

5. (Thai) – The New Thai Dictatorship; The junta lays the groundwork for an illiberal regime.

http://online.wsj.com/articles/the-new-thai-dictatorship-1407344124

6. (Korea) – South Korea Unveils Tax Targeting Corporate Cash Hoarders; Seoul Presses Businesses to Put Excess Funds to Work in Driving Economy

http://online.wsj.com/articles/south-korea-unveils-tax-on-corporate-cash-hoards-1407301382

Life

1. Why Your Company Should Recognize Individuals, Not Worker Bees

http://www.forbes.com/sites/johnhall/2014/08/03/why-your-company-should-recognize-individuals-not-worker-bees/print/

2. Why Is Innovation So Hard?

http://www.forbes.com/sites/darden/2014/08/04/why-is-innovation-so-hard/print/

3. ‘Live And Let Live’ And 4 Other Happiness Tips From Pope Francis

http://www.businessinsider.sg/pope-francis-tips-for-happiness-2014-8/#.U-JGMvmSxqU

http://www.catholicnews.com/data/stories/cns/1403144.htm

4. Books – Location Is (Still) Everything: The Surprising Influence of the Real World on How We Search, Shop, and Sell in the Virtual One

http://www.amazon.com/Location-Still-Everything-Surprising-Influence/dp/0544262271

5. NTU students to get second bite at failed modules

http://www.todayonline.com/print/735161

6. How Fiction and Finance Go Hand in Hand; For Swedish CFO Anna Belfrage, who has written six novels in her spare time, each activity improves the other

http://ww2.cfo.com/people/2014/08/fiction-finance-go-hand-hand

7. Hiroshima marks anniversary of atomic bombing

http://news.asiaone.com/print/news/asia/hiroshima-marks-anniversary-atomic-bombing

8. Fine-Art Students Get Lessons in Business; Juilliard, Berklee Embrace Programs That Develop Entrepreneurial Acumen Alongside Artistic Ability

http://online.wsj.com/articles/fine-art-students-get-lessons-in-business-1407350818

9. FT & McKinsey Business Book of the Year Award

http://www.ft.com/intl/cms/s/2/3e23d114-1c93-11e4-98d8-00144feabdc0.html#axzz39fiGXhl4

1. Malaysia’s invisible man of beverages; Ean Yong Tin Sin was already in his early 50s when he started Orgabio in 2002 to provide contract and private-label manufacturing for instant coffee and health drinks

http://www.thestar.com.my/Business/SME/2014/08/07/The-invisible-man-of-beverages-Companys-work-is-to-produce-other-peoples-brands/

TMT

1. New Buying Strategy as Facebook and Google Transform Into Web Conglomerates

http://dealbook.nytimes.com/2014/08/05/new-strategy-as-tech-giants-transform-into-conglomerates

2. Why Location is King for E-commerce, Too

http://knowledge.wharton.upenn.edu/article/location-ecommerce/

3. Korea/Tech) – Samsung’s next reinvention challenge: itself

http://in.reuters.com/article/2014/08/06/samsung-elec-culture-idINL4N0Q01R220140806

Consumer

1. In Africa, haircare becomes a multi-billion dollar industry

http://www.reuters.com/article/2014/08/06/us-africa-hair-idUSKBN0G60A020140806

Healthcare

1. (China/Healthcare) – China’s rural timebomb: half a billion elderly people with chronic diseases and no care

http://www.chinesemedicalnews.com/2014/08/chinas-rural-timebomb-half-billion.html

Investing Process

1. New From Mauboussin: Capital Allocation Evidence, Analytical Methods, and Assessment Guidance

http://cdn1.valuewalk.com/wp-content/uploads/2014/08/document-1036635381.pdf

Commodities

1. (Commodities/China) – Milk prices sink as ‘white gold’ floods even China demand

http://news.asiaone.com/print/news/business/milk-prices-sink-white-gold-floods-even-china-demand