Bamboo Innovator Daily: 20 May (Wed) – Inside the Magic: The definitive history of ILM, the special effects powerhouse that revolutionized moviemaking and changed entertainment forever

Life

  • Inside the Magic: The definitive history of ILM, the special effects powerhouse that revolutionized moviemaking and changed entertainment forever: Wired
  • 6 strategies great leaders use for long-term success:BI
  • 11 pieces of life-changing advice from commencement speeches by tech celebrities: BI
  • Here’s what’s on Bill Gates’ summer reading list: GatesNotes
  • How To Stop Worrying: Barker
  • ‘Despicable Me’ founder shares secret of success: KT
  • When it comes to you and your group, keep your verbs humble: JT
  • With yoji jukugo (四字熟語), four little characters can say so much: JT
  • Management Accounting Skills Found Lacking in Entry-Level Talent: WSJ
  • Warren Buffett impressed by children’s money-making ideas: reuters
  • “Competitive Intelligence” Shouldn’t Just Be About Your Competitors; It’s about seeing the market as a whole. HBR
  • Explain Your New Strategy By Emphasizing What It Isn’t; Contrasts will help your team understand how to prioritize. HBR
  • Andreessen Horowitz’s lessons for Asian VCs and founders: e27
  • Buddhism played a key role in Korea: KT
  • David Letterman: Comedian, late night legend. and shrewd businessman?: Fortune
  • Dogbert Explains What CEOs Do: Zerohedge
  • Why Thought Leadership Is Absolutely Essential To Professional Services Firms: Forbes
  • That’s billion, with a bee: Measuring the massive cost of hive collapse: Reuters

Books

  • The Magic of Reality: How We Know What’s Really True: Amazon

Investing Process

  • Hanergy shares suspended in Hong Kong after plunging 46 per cent: SCMP
  • J Capital Research Puts VIPShop (VIPS) Price Target At Zero: VW
  • South African billionaire Koos Bekker has spent 15 years riding the rocket of the Chinese Internet thanks to one really smart — or really lucky — investment. Now he’s trying to do it again. Bloomberg
  • ETF model puts active managers to the test: 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

  • Even the Bears May Be Too Bullish on China: Bloomberg
  • Lou Jiwei Helped Propel China’s Growth, Now He Needs to Fix Its Fiscal Mess: Bloomberg
  • Short Sellers Face Off Against Chinese Money in Hong Kong: Bloomberg
  • A China First: Twin Billionaires Chen Huwen and Chen Huxiong of Shanghai M&G, which makes ball point and other pens: Forbes
  • Shanghai Stock Exchange Planning Startup Market: WSJ
  • China economic slowdown forces automakers to slash prices : SCMP
  • China Unveils Blueprint to Upgrade Manufacturing Sector; The plan comes amid weak demand for China-made products: WSJ
  • In China, The Making of an App for Autism: WSJ
  • Fosun copies Warren Buffett’s business model: WCT
  • Fixer and solvent: Ling Jihua destroyed documents with chemicals: WCT
  • Taiwan MOF eyes passage of property sales tax by June; 45-percent tax on transaction gains for houses sold within a year of purchase: ChinaPost
  • Night market EasyCard payment plan begins trial in Taiwan: ChinaPost
  • China slowdown deepens provincial economic divide; Hardest-hit regions those most reliant on debt-fuelled investment: FT
  • The lessons of China’s noodle cartel: FT
  • Financial advisory firm deVere Group Hong Kong has had its licence suspended as part of an investigation into its operations by regulators. SCMP

India

  • India’s Largest E-Commerce Firm Flipkart Valued At $15.5B, Its Sachin & Binny Bansal Billionaires: Forbes
  • Tata Motors Faces Shades of Gray in China: WSJ
  • Paradoxical delights of the contradictory nation of India: FT
  • One year of Narendra Modi government: The India Inc verdict: Forbes
  • How an American With a Knack for Math Saved India From Famine: Bloomberg

Japan & Korea

  • Korean superrich around the world: KH
  • Accounting irregularities: Lagging home electronics another headache for scandal-hit Toshiba; Lifestyle Products and Services Group may be subjected to the investigation. Nikkei
  • Troubled electronics maker Sharp at the ‘beck and call’ of lenders: Nikkei
  • Japan-made motorcycle takes electric bikes into the future: Nikkei
  • Samsung quietly prepping for change of style, rather than strategy: Reuters

ASEAN

  • Facebook Is Next Frontier in Philippines’ Insider Trading Battle: Bloomberg

Macro

  • Investors on ‘safe asset’ starvation diet: FT
  • The wary retreat of the bond bulls; Long fall and recent collapses in nominal and real yields on safe securities should be at an end: FT
  • Largest U.S. Pensions Divided on Activism; A boardroom battle last week at DuPont Co. exposed an emerging split in how the nation’s two biggest pensions agitate for change inside corporate America: WSJ
  • Buyer-Beware Guide to Emerging-Market Debt, From Brazil to China: Bloomberg
  • SEC Said to Propose That Mutual Funds Disclose Risk of Rate Rise: Bloomberg

TMT

  • Behind Apple’s Move to Shelve TV Plans: WSJ
  • Technology helps feed a hungry world; Farming today: the use of drones and satellites can help bring scientific rigour to modern agriculture: FT
  • Marcos Galperín: founder of ‘Latin America’s eBay’; The head of MercadoLibre says he is just getting started: FT
  • Toy Story: Another Fad or Future of Videogames?: WSJ
  • Yahoo May Not Get Rid of Alibaba So Easily: Bloomberg
  • How Farmers Business Network brings the wisdom of crowds to planting corn: WaPo
  • How the battle for the future of the Web is shaped by economics: WaPo

Energy & Commodities

  • Pipeline Billionaire Kelcy Warren Is Having Fun in the Oil Bust; The founder of Energy Transfer Partners has built his $7.3 billion personal fortune by making smart moves during the industry’s ‘dark times.’: Bloomberg
  • $100 Oil Seen Years Away by Petronas as Shale Output Resilient: Bloomberg

Consumer & Others

  • Massimo Zanetti: Segafredo moment; An interesting, if imperfect, coffee comes to market: FT
  • Fried chicken chain KFC resurrects Colonel Sanders for TV ads and plans to refresh restaurants; The real Colonel Harland Sanders died nearly 35 years ago, and KFC hasn’t featured him in TV ads for about 20 years. FP
  • How McDonald’s dodged half a billion dollars in Australian tax: TheAge
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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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