Bamboo Innovator Daily: 25 May (Mon) – 4 Rituals To Keep You Happy All The Time


  • 4 Rituals To Keep You Happy All The Time: Barker
  • “The power of a mentor is to see the full abundance that resides within our children and to build a bridge for our children to see it in themselves”; Yogi Berra’s Best ‘Yogi-ism’ Was a Profound Act of Kindness: WSJ
  • Elon Musk on How to Tell if People Are Lying: Farnam
  • The Jingle Geniuses Making Millions Writing Music For Ads, Reality TV; The Jingle Punks make millions writing music for commercials, reality TV, and “literally anything” that needs a tune: Bloomberg
  • From the archives: Nash’s Nobel prize; The Economist’s coverage on the award of the Nobel prize for economics to John Nash in 1994: Economist
  • Lucy Kellaway: I would rather shine shoes than be a banker: FT
  • The New Dictators Rule by Velvet Fist; Today’s dictators use propaganda, censorship and relatively little violence: NYT

Investing Process

  • Li Hejun, the solar tycoon and controlling shareholder in Hanergy, took a US$200m loan pledging millions of shares in the HK listed company as collateral just two days before its share price crashed: FT
  • Hanergy boss Li Hejun had doubled short position over six months before shares plunged: SCMP
  • Showing discipline when investing: BT

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

  • Is China’s government up to the task of promoting innovation? SCMP
  • Alibaba’s latest gambit in fighting fakes: foster local brands: Reuters
  • Activist hedge funds have HK family-run banks in their sights : SCMP
  • Yunnan tycoon’s son comes home to turn orchards into an empire; Chu Shijian, the former chair of the Hongta Tobacco, started to grow oranges in remote mountain areas in Yunnan at 73 after he was released from prison for corruption: WCT
  • Uber and above: App reward scheme exploited in China: WCT
  • Chinese Car-Hailing App Gives Away Free Rides to Fend Off Uber: Bloomberg
  • China’s Central Bank Lowers Borrowing Costs to Help Clean Up Local Debt Mess: Bloomberg


  • Anand Mahindra: the American connection; For his latest automotive venture, Anand Mahindra has turned Asia’s conventional industrial wisdom on its head. FT

Japan & Korea

  • Japanese group Lixil faces losses after unit files for insolvency: FT
  • Japan stock valuations echo 1980s peak: FT
  • How Japanese clothing brand Uniqlo got men to love shopping: BI
  • Low-profit businesses at center of Toshiba probe: Nikkei
  • South Korea’s Startup Culture Marred By Misguided Ambitions; “The startup mentality in Korea is applying the same principles as conglomerates, being plagued by fear and accepting failure when it comes”: Forbes


  • Singapore property investors caught in ‘$60m ponzi scam’: AsiaOne
  • Tour agency Asia-Euro Holidays in Chinatown closes suddenly; Tour agency believed to have run up losses of about $2m from property investments: ST
  • Thailand passes first inheritance tax to raise revenue in lackluster economy: Reuters
  • Banks on charm offensive in Myanmar; For foreign lenders, Myanmar is no zero-sum game BT1, BT2
  • Dr M accuses Najib of lying when he said S’pore bank had 1MDB cash: AsiaOne
  • Indonesia’s military creeps back into civilian affairs: Reuters


  • Piles of Overseas Profits Investors Can See but Not Touch; Companies are not required to record a deferred income tax liability on foreign earnings, which can make earnings seem bigger than they are: NYT
  • Activism Is Here to Stay; In today’s world, the activist megaphone has replaced the raider’s money offer: WSJ
  • Something is grotesquely wrong with Vancouver’s housing market, and the time for denialism is over: SCMP
  • Negative rates pose corporate conundrum: FT

Energy & Commodities

  • France’s biggest insurer Axa axes coal investments: TheAge
  • Funds feel heat of coal and tar divestment drive: Reuters


  • Democratising medicine: The crowd will see you now; Many hands make diagnosis work: Economist
  • The innovators: the biotech firm hoping to breed an end to dengue fever; Oxitec aims to breed genetically modified male mosquitos to breed with and kill off the disease-carrying female: Guardian


  • Audi Sees Electronics Matching Horsepower in Carmakers’ Value: Bloomberg
  • As antitrust case looms, ‘Peak Google’ debated: Yahoo
  • Big Data’s infinite harvest; They give us free computing power and we reveal ever more about ourselves: FT
  • In Busy Silicon Valley, Protein Powder Is in Demand; Protein-packed drinkable meals come in powder form, are inexpensive, and are quick and easy to make so tech workers don’t actually have to eat. NYT

Consumer & Others

  • Nestlé Taps Into Bottled Water On-Demand; The Swiss company is getting a big lift from customized Web orders for its Poland Springs, Perrier and Pure Life brands in the U.S.: WSJ
  • Audi Turns to Connected Cars in China: WSJ
  • ‘Do it for me’ culture threatens home improvement stores: FT
  • Rag trade brothers help turn around Marks & Spencer’s fortunes: Guardian

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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