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Bamboo Innovator Daily Insight: 20 Mar (Fri) – Speak Honestly, Lead Honorably; Tim Cook on Apple’s future: everything can change except values

Notice: The website AsianExtractor: Unearthing Accounting Fraud in Asia (www.AsianExtractor.com) is down on technical issues and we are trying to resolve the problem asap.

Life

  • Speak Honestly, Lead Honorably: Strategy&
  • The Intangible Corporation: Bloomberg
  • The difference between commitment and technique; Great teachers teach commitment. SethGodin
  • Five Ways Your Financial Adviser Can Screw Up Your Retirement, Legally: Bloomberg
  • Why positivity is the worst response to a problem: FastCo
  • College for a New Age: NYT
  • Today’s Anxious Freshmen Declare Majors Far Faster Than Their Elders; Weak job market and high debt loads prompt broad shift away from intellectual exploration; “People don’t go to college anymore to be fulfilled or to gain life perspective”: WSJ
  • The business of business: An old debate about what companies are for has been revived: Economist
  • The revolution that could change the way your child is taught: Guardian
  • Leighton to change name to CIMIC in wake of corruption allegations, shedding an Australian brand that has existed for more than 60 years: TheAge
  • The grim reality of start-ups: 95 per cent fail: TheAge
  • There is widespread “mischief” and even “abuse” in how financial services firms treat a key system for detecting misconduct, ASIC says. TheAge
  • Productivity guru David Allen shares his 3 best tricks for saving time: BI
  • A poster boy for dogged resilience: Gyr King rebuilt his art prints business after a fire but advances in technology require constant vigilance: FT
  • 12 Habits of Exceptional Leaders: Forbes
  • The World’s Most Ethical Companies 2015: Forbes

Greater China

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • China Tells Internet Firm Ex-Boss, under investigation for alleged securities rules violations, to come back to the country as it seeks to avert a second corporate default in the onshore bond market. Bloomberg
  • CVC Capital has secured a court order freezing the assets of a flamboyant Chinese restaurant owner who sold a majority stake in her company to the European private equity group last year for $300m. FT
  • Chinese Firms Shift Investment From Mines to Trophy Assets; head of China’s mining association estimated that 80% of all overseas mining deals had failed: WSJ
  • The Great Chinese Car Casino: Bloomberg
  • Aberdeen Sees Bubble Valuation in China Stock-Market Leaders: Bloomberg
  • Xiaomi Widens Smart-Home Push to India With Air Purifier: Bloomberg
  • Will that be all, sir? Butler business booms in China: AsiaOne
  • SFC outlines conditions for dual-share listings: SCMP
  • China’s Anti-Corruption Agents Knock Again on PetroChina’s Door: Bloomberg
  • China Needs More Creativity As it shifts from being the world’s factory to a source of innovation: Bloomberg
  • HK SFC chairman Carlson Tong Ka-shing said a “sunset clause” could be considered should there be any change to the “one share, one vote” principle the first time the watchdog has expressed any willingness to alter the mechanism: Standard
  • In Wake Of Kuaidi-Didi Merger, Uber Faces An Even Tougher Battle In China: Forbes
  • Salvatore Ferragamo, the Italian fashion house, said it had blocked, seized or destroyed more than 100,000 fake products in a “fierce global battle against counterfeiting” focused on China and the internet. FT
  • No Gain Without Pain for China’s Flabby SOEs; The urge to reform state-owned enterprises is at risk of waning as Beijing focuses on bolstering growth.: Barron’s
  • Bacardi Launches Tea-Distilled Liquor in China; Spirits maker to sell ‘Tang,’ a light-green alcohol made from green tea leaves, in upscale restaurants: WSJ
  • What’s Wrong With China’s Army?: Bloomberg
  • For Hong Kong, a chill sets in as rich China tourists shop elsewhere: Reuters

India

  • Indian Companies Look to Wives to Fill Female Board-Member Requirement: WSJ
  • Modi Sees Shiny Cities in India’s Future: NYT
  • India’s troubled opposition: The son also disappears; Congress, the party that long defined Indian politics, is in free fall: Economist
  • Paper planes, parents help Indian pupils outsmart state exams: AsiaOne
  • 5 Indian Bottom of Pyramid-focussed tech startups you should meet: e27
  • The stalled Alibaba-Snapdeal deal is proof India’s e-commerce valuations are insane: Quartz
  • Corruption might hinder ‘Make in India’: Deloitte’s James Cottrell: Forbes
  • India Tackles Messy Web of Sales Taxes; Single levy would replace wildly varying regimes that snarl shipments in red tape: WSJ
  • Modi Sees Shiny Cities in India’s Future: NYT

Japan & Korea

  • LG CEO vows to step up innovation; Tech giant aims to be No. 1 in global home appliance market: KH
  • Expensive Korean stocks come under pressure to split: KH

ASEAN

  • Open Letter to SGX/MAS: Reply to CFO of SGX-Listed China Environment (CENV SP) on report “Potential Accounting Tunneling Fraud at China Environment?” – Address the accounting and governance concerns in an SGX/MAS announcement: AsianExtractor
  • Bursa Securities raps, fines remisier RM312,000 for manipulation in numerous counters/securities. theStar
  • Asia ’98 Recalled as Currency Losses Engulf Top-Ranked Singapore: Bloomberg
  • Myanmar military to maintain political role, president says: Reuters
  • Chang Beer maker debuts 30 cent tea: Nikkei

Macro

  • SEC Joins Battle on Broker Bias That Could Remake Industry: Bloomberg
  • Sri Lanka PM seeks probe into stock market’s insider trading: AsiaOne
  • SEC Whistleblower Retaliation Push Could Face Challenge: WSJ
  • How an Ex-Moore Trader Got Caught in the Most Complicated Insider Trading Investigation in British History: bloomberg
  • Bitcoin Scammers Run Off With $12 Million: “Going to The Caribbean. Hope You Guys Understand”: Zerohedge
  • America’s Hispanics: From minor to major; One American in six is now Hispanic, up from a small minority two generations ago. By mid-century it will be more than one in four. Have faith in the melting-pot: Hispanic-America’s rise is a tremendous opportunity: Economist1, Economist2
  • Attack of the bean-counters: Lawyers beware: the accountants are coming after your business: Economist
  • The Algosaibi affair: A Saudi saga; Six years on, the claims arising from a huge corporate scandal in the Gulf are still being fought over: Economist
  • The war against Islamic State: The caliphate cracks; Though Islamic State is still spreading terror, its weaknesses are becoming apparent: Economist
  • Mismatch point: The rise of the dollar will punish borrowers in emerging markets: Economist
  • Notaries: The princes of paperwork; A highly regulated profession fights to preserve its privileges: Economist
  • A leap in the dark: How will investors react to America’s first rate increase in nine years?: Economist
  • The role of government bonds as an asset class is changing: Economist
  • Debt-ridden emerging markets are heading for a nasty dollar hangover: Economist
  • Quicksilver markets can catch out the unwary; Charts imply that equities are in bubble territory comparable to patterns in 1929, 2000 and 2007: FT
  • How Foreigners Became America’s Financial Regulators: WSJ

Energy & Commodities

  • In a World Awash With Crude Oil, Storage Companies Are Kings: Bloomberg
  • Why Shale Producers Still ‘Pump and Pray’: Bloomberg
  • No Relief Seen for Malaysia’s Energy Stock Drop on Earnings: Bloomberg
  • Non-U.S. Shales Prove Difficult to Crack; Exxon, Shell and others are pulling back from once-promising shale finds in Europe, Asia: WSJ

Healthcare

  • New Hope for Stroke Boosts Demand for Device to Nab Clots: Bloomberg
  • Scientists Seek Ban on Method of Editing the Human Genome: NYT
  • Big Pharma Needs to Get Busy in the Lab; Blanket generalizations about biotech firms being more efficient are unfounded. WSJ
  • U.S. Recovers $3.3 Billion in Federal Health-Care Fraud; Obama administration steps up efforts to prevent Medicare fraud, not just uncover it: WSJ

TMT

  • Tim Cook on Apple’s future: everything can change except values: FastCo
  • The rise of the ecommerce enablers; With the ecommerce market booming, ancillary firms that provide logistical support from payments to delivery are becoming an investor destination: Forbes
  • How The Netflix Model Can Screw Filmmakers: Forbes
  • Tag Heuer, Intel challenge Apple with Android smartwatch: Reuters
  • Fifty-seven million Latinos are a mighty market for the media: Economist
  • “VIACOM is me. I’m Viacom. That marriage is eternal, for ever,” Sumner Redstone, a media mogul, once said about his firm. “For ever” is a relative concept. In May Mr Redstone will turn 92: Economist
  • The log-on degree: College in America is ruinously expensive. Some digital cures are emerging: Economist
  • Mobile payments: Unfriending cash; Facebook enters the booming market for mobile payments: Economist
  • Founder Wang takes over as CEO as Taiwan’s HTC seeks turnaround: Reuters
  • Tim Cook explains how Apple decides which new products to work on next: BI
  • How Tim Cook implants Apple’s culture into new employees: BI
  • Internet TV: the cord cutters bringing some sanity to US viewing: FT
  • This company dominates the virtual reality business, and it’s not named Oculus: Fortune

Consumer & Others

  • Under Armour Is the NCAA Tournament’s Real Cinderella Story: Bloomberg
  • Spicy Chicken Billionaire Springs From South Africa With Nando’s: Bloomberg
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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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