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H.E.R.O.’s Journey in Tech (30 August 2018) – Global accounting body to consider revamping ‘goodwill’ rule; “The risk is that goodwill just keeps on accumulating over time even when the economics do not justify this”

H.E.R.O.’s Journey in Tech (30 August 2018) – Global accounting body to consider revamping ‘goodwill’ rule; “The risk is that goodwill just keeps on accumulating over time even when the economics do not justify this”

Companies

  • Auto diode maker Actron eyeing bigger global market share (Digitimes)
  • Semiconductor giant Inari Amertron Bhd’s net profit dropped 12.86% to RM57.1mil for the fourth quarter ended June 30 due to an increase in effective income tax rates for the group’s largest operating subsidiary (Star)
  • Vista profit climbs 36 per cent, boosted by Mexico cinema business buy (NZ Herald)
  • IRESS to process home loans for Australian challenger Xinja; IRESS is a market leader in the UK, where one in every four home loans are processed using IRESS technology. (Ibis, Finextra)

FAANNMG – Facebook, Amazon, Apple, Nvidia, Netflix, Microsoft, Google

  • Facebook Launches International Video Product to Rival Google (Reuters, Bloomberg)
  • Apple Buys Augmented-Reality Display Startup Akonia Holographics (Bloomberg, Reuters)

Asia Tech & Innovation Trends

  • Chinese ride-hailing pioneer returns with blockchain app to boost safety, income as Didi mired in crisis (SCMP)
  • China’s Makeblock raises $44m for robot-building kits for kids; Funding reflects country’s appetite for deep technology and “Made in China “2025” (Nikkei)
  • China’s Plan to Spread Tech Wealth Fizzles With Delay of CDR (Bloomberg)
  • The Worst Might Be Over for Airbnb in Japan (Bloomberg)
  • When cars fly? Japan wants airborne vehicles to take off; The government has launched an initiative with the likes of Boeing and Airbus to develop and commercialise futuristic vehicles (SCMP)
  • India’s Paytm Mall looks to deepen partnerships in fight with Flipkart, Amazon (Reuters); Warren Buffett’s Paytm Investment Will Be a First for Berkshire Hathaway (Fortune)

Global Tech & Innovation Trends

  • Moody’s Pulls WeWork Credit Ratings, Citing Lack of Information (Bloomberg)
  • The Search for Battery Riches Starts Here; Sweden’s archive of drilling samples is key to unlocking its potential to mine the rare metals needed for the next generation of cars. (Bloomberg)
  • Attention, Walmart Skeptics: This Stock Has Legs; Walmart is becoming an exciting growth story as its e-commerce operations take off. In 2017, Walmart already was the fourth largest e-commerce company in the U.S. with around $15 billion of sales, according to eMarketer. That puts it well behind Amazon’s nearly $200 billion, but ahead of everyone else besides eBay and Apple (WSJ)
  • Short Bets on World’s Biggest Tech Stocks Surge to $37 Billion (Bloomberg)
  • SurveyMonkey, Tiger-Backed Online-Polling Provider, Files for IPO (Bloomberg)

Life

  • Global accounting body to consider revamping ‘goodwill’ rule; “The risk is that goodwill just keeps on accumulating over time even when the economics do not justify this” (Reuters)
  • Hubris always seems ridiculous – until it’s our own (TFB)
  • Software as a craft, the product of a 10-year-old development manifesto (qz)
  • Ordinary People Focus on the Outcome. Extraordinary People Focus On the Process. (Ascent)
  • Criticism Stings — Here are Three Steps to Turn It into your Secret Weapon: How to Embrace the Critics and Grow Forward (Medium)
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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 (www.heroinnovator.com), 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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