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Bamboo Innovator Daily Insight: 30 Apr (Thurs) – Francois Michelin, Who Took French Tiremaker Global, Dies at 88; The 13 most valuable skills that anyone could have

Life 

  • Francois Michelin, Who Took French Tiremaker Global, Dies at 88: Bloomberg, ST
  • The 13 most valuable skills that anyone could have: BI
  • The Art Of Giving Feedback: Techcrunch
  • Life advice upon turning age 30, from the president of Y Combinator: Quartz
  • Author Brian Little on Personality and the ‘Art of Well-being’: K@W
  • Business Owners Rethink Legacy: Barron’s
  • A Radical Idea: Own Your Supply Chain; As most companies outsource trucks and drivers, Ashley Furniture takes a different path: WSJ
  • Texas A&M professor gave us a detailed explanation for why he failed his entire ‘entitled’ management class: BI
  • Should the law serve humans, or should humans serve the law?: JP
  • The art of apology for bosses in Japan: AsiaOne
  • So you think you can get out of finance? An anthropologist says no: efc
  • What to Do When Your Future Strategy Clashes with Your Present: HBR
  • Science explains how people can lie and cheat – and still feel good about themselves:BI
  • Corporate power without responsibility on the board; Instead of long-termism at Industrivärden and Volkswagen, there was corporate self-indulgence: FT

Michelin

Investing Process

  • Is your CEO worth his (her) pay? The Pricing and Valuing of Top Managers: damodaran
  • It’s Always a ‘Great Quarter, Guys!’ If You’re an Equity Analyst: Bloomberg
  • Things People Say During a Bull Market: AWCS
  • Stock valuations are no help in timing trades: FT

AsianExtractor: Unearthing Accounting Fraud in Asia

  • Detecting Accounting Fraud in Asia (Part 4): Introducing Six New Measures: AsianExtractor
  • Sihuan (460 HK) Updates on Audit Delay: Improper accounting treatment in consolidation trick of using MRAs (Market Research Agents) to exclude hidden sales and distribution expenses to artificially boost profits: AsianExtractor
  • China Environment FY2014: Significant Deterioration in Receivables Collectability And No Provision for Impairment: AsianExtractor
  • China Environment (SES: 50U, Bloomberg: CENV SP): Auditor Emphasis of Matter raises more questions on potential accounting tunneling risk: AsianExtractor
  • 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
  • Does Auditor Explanatory Language in Unqualified Audit Reports Indicate Increased Financial Misstatement Risk? “Emphasis of matter” language predicts restatements + China Environment’s Auditor Emphasis of Matter: AsianExtractor

Greater China

  • Hong Kong Ex-Convict Becomes Billionaire With Tesla Dreams: Bloomberg
  • Shadow financing indirectly flowing into China stock market: SCMP
  • SEC Announces Insider Trading Charges Linked to China Tech Deal; SEC alleged two Beijing residents bought out-of-the-money call options before deal was announced: WSJ
  • Beijing Fuels Bull Run to Bail Out China Inc.; A focus on policy before profits means investors should be wary of more money printing and mega mergers. Barron’s
  • Chinese investors’ exuberance spreads to military stocks: SCMP
  • Wal-Mart Says It Will Go Slow in China; Nodding to past missteps, U.S. retailer plans to open just 115 new stores by 2017: WSJ
  • Cheap Is Relative in China Tech Rally as Bulls Buy Tencent: Bloomberg
  • China Banks’ Worst Year Since 2004 Seen as Bad Loans Climb: Bloomberg
  • China’s Three Richest Casino Moguls Have Lost $22 Billion in Just the Last Year; As China Takes Aim at Graft Its High Rollers Take Refuge: Bloomberg
  • Defector to Communist China Revolutionizes Development Lending: Bloomberg
  • The flawed analogy of Chinese QE: Economist
  •  In which the Shanghai Composite lords it over the rest (and allows for some handy listings): FT
  • Seemingly out of the blue, Zhou Qunfei of China was front and center as global technology’s richest woman on the skyrocketing sto ck price of her main business, Lens Technology. Zhou is worth $10 billion: Forbes
  • Beijing plans curbs on shale gas subsidies; Blow to country’s plans to match US energy revolution: FT

Japan & Korea

  • Lost Decades Almost Over as Japan Stock Values Come Full Circle; the value of shares on the Tokyo Stock Exchange is inching toward an all-time high and now sits 1 percent below the record 611 trillion yen. Bloomberg
  • Aversion to things Korean spreads in Japan; Samsung logos obscured on phones, anti-Korean books sell: JA
  • After 70 years, AmorePacific doing better than ever; Cosmetics maker succeeds with innovative products and worldwide expansion: JA
  • S. Korean duty free shop losing price advantage to Japan: Maeil
  • Kolon and Dupont’s six-year long legal dispute over the alleged theft of trade would finally come to an end this week, as the South Korean chemical firm decided to pay $360m damages to DuPont.  Maeil
  • Loeb Shows How to Get at Japan Inc. $1.9 Trillion Cash Pile: Bloomberg
  • Forbes Korea 50 Richest: Forbes
  • NCSoft, South Korea’s No. 2 Online-Gaming Company, Under Siege: Forbes
  • Coupang’s Bom Kim Leads Big Crop Of Rising Stars: Forbes
  • Feeling Shortchanged, Meritz’s Cho Jung-Ho Builds His Own Empire: Forbes
  • Finding Gold In Cosmetics: AmorePacific’s Suh Kyung-Bae’s Wealth Triples: Forbes

ASEAN

  • Forty Years After Fall of Saigon, Entrepreneurs Return to Vietnam; Vietnamese-born entrepreneurs are returning to reap the benefits of the country’s economic transition: WSJ, JG
  • Jokowi Premium Vanishes From Indonesia Assets as Foreigners Exit: Bloomberg
  • Record $9.6m penalty for insider trading for brother of Singapore billionaire OK LIm/Hin Leong in the trading of Singapore Petroleum Company and Keppel Corporation: AsiaOne

Macro

  • We Don’t Need To Be Able To Short Private Companies; What is required to have an effective means of shorting assets: aleph
  • BlackRock Predicts a Taper Tantrum Redux in Emerging Markets: Bloomberg
  • Europe’s Debt Selloff Erases $61 Billion in Value in One Day: Bloomberg
  • German Bunds Are Tanking After Big Investors Say to Get Out: Bloomberg
  • The Most-Crowded Trades Come Undone in Markets Roiled by Europe: Bloomberg
  • City of Gold Fading as Oil Slump Drains Purses of Dubai Shoppers: Bloomberg
  • U.S. Rule Makers Propose Year Delay on Revenue Recognition Overhaul: WSJ
  • The world turned upside down: Investors could actually get paid to insure debt: Economist
  • The Death of Cash; Could negative interest rates create an existential crisis for money itself?: Bloomberg
  • Norway’s $916bn oil fund on Wednesday trumpeted its best-ever quarterly return, boosted by monetary stimulus in Europe that put a rocket under the region’s stock markets.: FT

Energy & Commodities

  • Saudi king resets succession to cope with turbulent times: Reuters
  • Young Saudi Royals Rise as Kingdom Tries to Assert Regional Leadership; New monarch changes the line of succession: WSJ
  • Salman makes his play in a Saudi game of thrones: FT
  • Water Asset Management: Hunting Liquid Assets: Barron’s
  • Century-Old Cotton Law Stymies ICE Plan for Global Contract: Bloomberg
  • Bust? What Bust? Franklin Sees Opportunity in Shale: Bloomberg
  • The Saudi succession: A palace coup; King Salman’s royal reshuffle brings in young faces, while bolstering his line: Economist

Healthcare

  • Teva Struggle to Grow Explains Urgency of Face-Off With Mylan: Bloomberg
  • Brazil’s Billionaire Cardiologist Buoyed by Carlyle Money: Bloomberg

TMT

  • VIMEO CEO: This is what the future of television will look like: BI
  • A source just told us why Apple may be making a stylus – and why it could be huge: BI
  • Bill Gates made these 15 predictions in 1999 — it’s scary how accurate he was: BI
  • Apple Watch: Faulty Taptic Engine by AAC Acoustics Slows Rollout; Taptic engines produced by a second supplier, Japan’s Nidec Corp., didn’t experience the same problem: WSJ
  • Venture Capitalists Enlist Student-Run Funds to Find the Next Facebook: WSJ
  • How Rue La La Lures Customers to ‘Must-see Shopping’: K@W
  • Jeff Bezos Letter To Amazon (AMZN) Shareholders: SEC
  • How Ben Horowitz Accidentally Invested In Slack: LinkedIn
  • Microsoft Predicts 1 Billion Windows 10 Devices in 3 Years: Bloomberg
  • Internet trolls: Proactive policing; New research suggests it is possible to identify online troublemakers before they strike: Economist
  • Why writing software is no longer just for software companies: Fortune
  • How Airbnb could spawn an M&A frenzy in the hotel industry: Fortune
  • The double or nothing plan for Xero: BRW
  • Instacart’s Bet on Online Grocery Shopping: NYT
  • Twitter Troubles Lie in Marketers’ Reluctance to Buy New Kind of Ad: NYT
  • Would Microsoft buy Salesforce.com?: Fortune
  • Why Microsoft HoloLens could succeed where Glass failed: BI
  • How technology companies like Apple and Bose drive the hype cycle: TheAge

Consumer & Others

  • Living the dream: Why fantasy sports are a billion-dollar business and still growing: FastCo
  • Fashion’s Old Fogies Create Succession Conundrum; Long-time bosses at Armani, Chanel, Cavalli, and LVMH will soon shuffle off the catwalk: Bloomberg
  • How Stores Know What You Want When You Shop; Apparel retailers collect and analyze customer behavior to decide on discounts, product placement and styles: WSJ
  • Artisan drinkers provide perk for coffee; ‘Third wave coffee boom’ is boosting demand and growth: FT
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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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