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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

  1. 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

  1. 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/

  1. 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

  1. (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/

  1. (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/

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

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

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

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

  1. (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

  1. 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

  1. Bank Regulators Roar at $700-Trillion Market

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

  1. 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

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

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

  1. (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

  1. (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

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

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

  1. (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/

  1. Why Is Innovation So Hard?

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

  1. ‘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

  1. 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

  1. NTU students to get second bite at failed modules

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

  1. 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

  1. Hiroshima marks anniversary of atomic bombing

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

  1. 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

  1. 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

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

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

  1. 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

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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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