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Bamboo Innovator Daily Insight: 3 Apr (Fri) – Chinese bond defaults test govt appetite for market discipline; A unit of Macquarie will pay $15 million to resolve accounting fraud charges by the SEC that it underwrote a public offering for China’s Puda Coal; Glitch in Rongsheng Rescue Sheds Light on Shady Investor

Life

  • At Boeing, Innovation Means Small Steps, Not Giant Leaps; Company’s shift reflects how the industry has changed: WSJ
  • Soon, Students May Learn to Code Instead of Taking French Class: Bloomberg
  • Learning from the Persuasive Genius of Great Leaders: Strategy&
  • How to Overcome Burnout and Stay Motivated: HBR
  • 3 habits of the world’s most influential people: BI
  • Google’s Self-Help Book; The company’s head of human resources tries to teach you to act like his best employees: Bloomberg

Investing Process

  • 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
  • A unit of Macquarie will pay $15 million to resolve accounting fraud charges by the SEC that it underwrote a public offering for China’s Puda Coal; The case is the SEC’s first against an underwriter in its long-running crackdown on alleged accounting fraud by Chinese companies, many of whom entered the U.S. capital markets through backdoor mergers. WSJ
  • Greatness Comes From What You Don’t Buy: Howard Marks: VW

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
  • A unit of Macquarie will pay $15 million to resolve accounting fraud charges by the SEC that it underwrote a public offering for China’s Puda Coal; The case is the SEC’s first against an underwriter in its long-running crackdown on alleged accounting fraud by Chinese companies, many of whom entered the U.S. capital markets through backdoor mergers. WSJ
  • Glitch in Rongsheng Rescue Sheds Light on Shady Investor; Capital market veteran Wang Ping had sights set on struggling shipbuilder, but has been detained on fraud charges: Caixin
  • Chinese bond defaults test govt appetite for market discipline: FT
  • A New Cancer Drug, Made in China; After 14 years, Shenzhen biotech’s medicine is one of the few locally developed from start to finish: WSJ
  • The Chinese Billionaire Zhang Lei Spins Research Into Investment Gold: WSJ
  • China’s Alibaba finance arm, Xiaomi partner in wearable payments: Reuters

India

  • Stock manipulation: India’s Twentyfirst Century Management Services: ML
  • The billionaires brigade comprises 90 from India: Forbes

Japan & Korea

  • Korean drug firms and hospitals going global: KT

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
  • With A Global Footprint, Pan Brothers Lead In Sales As Indonesia’s Largest Garment Manufacturer: Forbes

Macro

  • Beyond the rubber stamp: fund managers and the stewardship dilemma: FT
  • Koreans lose big on Brazil’s sovereign bonds: JA

Energy & Commodities

  • Trading Floors Can’t Feed Africa; Many of the commodity exchanges started in sub-Saharan Africa to help farmers have failed. Bloomberg

TMT

  • Why the graphene light bulb could switch on a new era of innovation: WaPo
  • This single math equation explains all you need to know about Facebook revenue growth, according to Citi: BI
  • The Rise of the ‘Unicorns’ (Graphics): NYT
  • In Silicon Valley Frenzy, VCs Create New Inside Track; Pinterest board observer raised $200 million in three days to buy more shares-with startup’s blessing: WSJ
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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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