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Morning Bamboo Insight: 2 Oct 2014

Morning Bamboo Insight: 2 Oct 2014

Macro

  1. FASB is gaining support for its projects to streamline rules around disclosure of extraordinary items and inventory accounting

http://blogs.wsj.com/cfo/2014/09/30/fasb-accounting-simplification-projects-see-early-support/?mod=WSJ_hpp_sections_cfo

  1. Markets Diverging in Emerging World; India and Indonesia Have Been Recent Winners; Not So Brazil and Turkey

http://online.wsj.com/articles/markets-are-diverging-in-the-emerging-world-1412119148

Asia Pacific

  1. (Japan) – $617 Billion in Japan Stock Orders Scrapped After Error

http://www.bloomberg.com/news/print/2014-10-01/oops-possible-617-billion-trading-error-in-japan.html

  1. (Australia/China) – Australia frets as property blows hot at home, cold in China

http://thejakartaglobe.beritasatu.com/business/australia-frets-property-blows-hot-home-cold-china/

  1. (Isia) – KPK Launches Theme Park-Style Anti-Graft Mobile App

http://thejakartaglobe.beritasatu.com/news/kpk-launches-theme-park-style-anti-graft-mobile-app/

  1. (Spore) – Should SGX allow dual-class structures?

http://www.businesstimes.com.sg/premium/editorial-opinion/opinion/should-sgx-allow-dual-class-structures-20141001

  1. (Asia) – Rectify Asia’s ‘governance deficit’

http://www.businesstimes.com.sg/premium/editorial-opinion/editorial/rectify-asias-governance-deficit-20141001

  1. (Spore) – Herbal product in health scare is Eu Yan Sang’s best seller

http://www.businesstimes.com.sg/premium/companies/others/herbal-product-health-scare-eu-yan-sangs-best-seller-20141001

  1. (Thai/Asean) – Acquisition sprees ‘hits credit quality’ of large Thai corporations, according to S&P

http://www.nationmultimedia.com/business/Acquisition-sprees-hits-credit-quality-30244481.html

  1. (HK) – Hong Kong’s Status as Financial Hub Likely a Factor for Beijing; Heavy Crackdown on Protests Would Deepen Financial Firms’ Concerns About Autonomy

http://online.wsj.com/articles/hong-kongs-status-as-financial-hub-likely-a-factor-for-beijing-1412080251

  1. (HK) – Hong Kong Protests Have History of Success in Challenging Government

http://online.wsj.com/articles/hong-kong-protests-have-succeeded-in-other-challenges-against-government-1412081966

  1. (China) – Chinese Nets and Bolts Ensnare Basketball Hoops in Litigation; Should Lifetime Products’ Basketball Hoops Use ‘Made in USA’ Labels?

http://online.wsj.com/articles/chinese-nets-and-bolts-ensnare-basketball-hoops-in-litigation-1412099954

  1. (China) – A Chinese Investment on Fracking Fails to Deliver; How a Shanghai Real-Estate Mogul’s Bet in Canada’s Bakken Shale Went Sour

http://online.wsj.com/articles/a-chinese-investment-on-fracking-fails-to-deliver-1412118451?tesla=y&mg=reno64-wsj&url=http://online.wsj.com/article/SB12584803618636143833504580170103161794186.html

  1. (Isia) – Good news for planters, Indonesia drops foreign ownership clause in bill; New law requires plantation companies to allocate 20% of their concessions to people living in the nearby areas

http://www.thestar.com.my/Business/Business-News/2014/10/01/Good-news-for-planters-Indonesia-drops-foreign-ownership-clause-in-bill/?style=biz

  1. REDtone auditors give ‘qualified opinion’ on group’s financial statement due to “other receivables” in the financial statements

http://www.thestar.com.my/Business/Business-News/2014/10/01/REDtone-auditors-give-qualified-opinion/?style=biz

  1. (Macau) – Macau Publishes The Worst Numbers Since The Global Financial Meltdown

3-2014-9/#.VCrYFvmSyCk

Life

  1. Warren Buffett’s Best Productivity Hack Is A Simple 2-List System; Even though everybody wants a piece of his time, Warren Buffett stays focused. Here’s his approach

http://www.businessinsider.sg/warren-buffett-productivity-trick-2014-9/#.VCvOzfmSyCk

  1. PayPal’s New CEO Once Spent 24 Hours Living On The Streets Of NYC As A Homeless Person

http://www.businessinsider.sg/dan-schulman-new-paypal-ceo-spent-24-hours-on-streets-of-nyc-2014-9/#.VCrZ-_mSyCk

  1. Victoria’s Other Secret: The Low-Key Billionaire Behind The Lingerie Giant

http://www.forbes.com/sites/danalexander/2014/09/30/victorias-other-secret-the-low-key-billionaire-behind-the-lingerie-giant/print/

TMT

  1. (Isia/Tech) – Japanese Venture Capital Firm Funds Indonesian Startup Developing a News App; Kurio searches the Internet and filters millions of articles every day to find content that meets a user’s interest.

http://thejakartaglobe.beritasatu.com/business/japanese-venture-capital-firm-funds-indonesian-startup-developing-news-app/

  1. Wall Street’s Chat Plan Turns to Perzo Chief; David Gurle, CEO of an Instant-Messaging Company That Is Near a Deal to Be Acquired, Is No Stranger on Wall Street

http://online.wsj.com/articles/wall-streets-chat-plan-turns-to-perzo-chief-1412092673?mod=WSJ_hpp_sections_management

  1. More Cable Companies Take TV Off Menu; Customers Care More About Broadband, They Say, and Programming Has Gotten Too Expensive

http://online.wsj.com/articles/more-cable-companies-take-tv-off-menu-1412120310

  1. (Tech/Media) – Netflix Pushes Into Movies With First Original Film; ‘Crouching Tiger’ Sequel to Premiere Same Day in August 2015 on Netflix and in Some IMAX Theaters

http://online.wsj.com/articles/netflix-pushes-into-movie-making-with-first-original-film-1412081193

  1. Analytical Value From Data That Cries Wolf

http://sloanreview.mit.edu/article/analytical-value-from-data-that-cries-wolf/

  1. Apps re-invent smartphone keyboards to reduce typing frustration

http://www.reuters.com/article/2014/09/30/us-apps-keyboards-idUSKCN0HP1NO20140930

  1. The Ten Startup Nation Movers and Shakers You Need To Know

http://www.forbes.com/sites/ilyapozin/2014/09/26/the-ten-startup-nation-movers-shakers-you-need-to-know/print/

Consumer

  1. (Consumer) – New Balance Acknowledges Shoe Materials Aren’t All U.S. Made; Only About 70% of Their Value Reflects Domestic Content and Labor

http://online.wsj.com/articles/new-balance-shoe-materials-arent-all-u-s-made-1412109111

  1. Global health and wellness sales to hit US$774bil in 2014

http://www.thestar.com.my/Business/Business-News/2014/09/30/Global-health-and-wellness-sales-to-hit-US$774bil-in-2014/?style=biz

Healthcare

  1. Medical Mergers Are Driving Up Health Costs; Insurer health-care payments are up 3%-a fortune, given the $900 billion spent annually.

http://online.wsj.com/articles/suzanne-f-delbanco-medical-mergers-are-driving-up-health-costs-1412119178

  1. Doctors Net Billions From Drug Firms, financial ties that some critics say have compromised medical care

http://online.wsj.com/articles/u-s-agency-reveals-drug-makers-payments-to-doctors-1412100323

Investing Process

  1. FASB Revisits the Cash-Flow Statement

http://ww2.cfo.com/cash-flow/2014/09/fasb-revisits-cash-flow-statement/

Energy

  1. Oil trading mired in crude oversupply

http://www.businesstimes.com.sg/premium/top-stories/oil-trading-mired-crude-oversupply-20141001

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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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