Bamboo Innovator Daily: 18 May (Mon) – Fashion designer Diane von Furstenberg says this is the key to success: Trusting Yourself


  • Apple CEO Tim Cook Urges GWU Graduates To Develop Moral Compass; ““The sidelines are not where you want to live your life. The world needs you in the arena.”: VIMEO
  • Fashion designer Diane von Furstenberg says this is the key to success: Trusting Yourself: BI
  • Listening well in a chorus of data: Markit’s focus on quality sets it apart from its competitors, says co-founder and president Kevin Gould.: BT
  • Mozart-loving chickens may answer quest for healthier nugget: Reuters
  • 5 Challenges When Startups Move Into the Big Leagues: WSJ
  • Does body language help a TED Talk go viral? 5 nonverbal patterns from blockbuster talks: TED

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

  • Amid China slowdown, foreign creditors face bankruptcy riddle: Reuters
  • Called to account: The banks in China who defraud their clients: WCT
  • Wish, a Direct-From-China Shopping App, Lures Bargain Hunters; Online bazaar is popular with consumers willing to sacrifice delivery speed for low prices: WSJ
  • Cosmetic surgery app Gengmei stands out in mobile medical service: WCT
  • Property developers hit by Taiwan’s new capital gains tax scheme: WCT
  • China corruption purge snares 115 SOE ‘tigers’: FT
  • Help us fight fakes, Alibaba’s security chief tells global brands: Reuters
  • Chinese shares to ‘become 20% of portfolios’: FT
  • Ready for the World Stage? As China Opens Up, Its Central Bank Remains a Mystery: Bloomberg
  • Small change in China’s mobile data services shows big power struggle in reform: SCMP
  • Shorting China’s Priciest Stocks Is Now Easier With CSOP ETF: Bloomberg
  • Why Xinjiang’s Economy Is Sputtering; The central government’s plan for SOEs to bring prosperity to the region troubled by unrest has failed. New options involving smaller businesses should be tried: Caixin
  • Beggars leaving Beijing subway after fare rise and panhandling crackdown: SCMP


  • Narendra Modi: One direction; A year after he became prime minister the economy is growing, yet business is restless: FT
  • India Bad Loans Seen Hitting 14-Year-High Amid Considerable Pain: Bloomberg

Japan & Korea

  • A Plan of Attack for Asia’s Defense Stocks; Why Kawasaki Heavy, Mitsubishi Electric and Fuji Heavy will gain from Abe’s muscular military stance. Barron’s
  • With Jet, Honda Enters New Realm; Japanese car maker prepares to deliver ultrafast business jet with engines above wings: WSJ
  • Fanuc president keen to expand shareholder returns: Nikkei
  • Toyota City — the symbol of the rise of Japan’s auto sector: ChinaPost


  • Chill sweeps over Malaysia IPOs as market turns hostile: Reuters
  • Burmese social network MySQUAR eyes Aim flotation: FT


  • Asian currencies tripped up by global bond rout: FT
  • How Much Should a Currency Be Worth? No One Really Knows: WSJ
  • ASIC chairman Greg Medcraft warns on Sydney, Melbourne property bubbles: TheAge
  • Hedge Funds Close Doors, Facing Low Returns and Investor Scrutiny: NYT
  • Nobel Winner’s Math Is Showing S&P 500 Unhinged From Reality: Bloomberg

Energy & Commodities

  • Jim Rogers On The Coming Water Wars; “There are great opportunities in water. I haven’t found one that is publicly listed as of yet. I would love to find water plays that are substantial and serious.”: Zerohedge
  • Berkshire Fights Rooftop Solar as Buffett Champions Green Energy: Bloomberg


  • The Botox initiation of Brent Saunders, Actavis chief executive: FT
  • Big Pharma must lose its resistance to antibiotic research; Profit cannot be sole motive of an industry founded on making people better: FT
  • Universal flu vaccine closer to reality after Chinese-Australian scientific breakthrough;Scientists in Australia and China have discovered how the body’s “assassin” immunity cells memorise viruses, raising hopes for a life-long flu: Telegraph


  • “Inside Out,” the Pixar movie making its debut at the Cannes Film Festival, is an opportunity for Walt Disney’s animation studio to reassert its creative leadership and wow fans after a two-year absence from theaters: Bloomberg
  • Kijiji, a Flop in the U.S., Rules Online Classifieds in Canada: NYT
  • Why DeNA Need Nintendo And What It Means For The Future Of Gaming: Forbes

Consumer & Others

  • At Chobani, Rocky Road From Startup Status; Chobani, which helped spawn the craze for Greek yogurt, is naming a new CEO in coming months: WSJ
  • Old Navy Thrives After a Style-Conscious Rebirth: NYT
  • Delphi Sees China’s Demand for Connected Cars Driving Growth: Bloomberg

About bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (, the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

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