It’s been a month ago since my last links round-up post. The accumulation of great content means that today’s edition will be packed with ideas. I hope the list is not too daunting for you. Enjoy!
- Caro-Kann Capital on Kazakh fintech firm Kaspi (🇰🇿 KSPI LN - US$22 billion)
- Oasis goes activist on FMCG firm Kao Corporation (🇯🇵 4452 JP - US$19 billion)
- Sweet Stocks on Chinese shipping company SITC (🇨🇳 1308 HK - US$5.4 billion)
- East72 on Kadoorie’s Hongkong & Shanghai Hotels (🇭🇰 45 HK - US$1.3 billion)
- Pyramids and Pagodas: update on PAX Global (🇭🇰 327 HK - US$864 million)
- Healthy Stock Picks on Modern Dental (🇨🇳 3600 HK - US$568 million)
- Mat Roiss on bubble tea cafe Nayuki Holdings (🇨🇳 2150 HK - US$493 million)
- The Quercus Fund on SOE Tianjin Development (🇨🇳 882 HK - US$222 million)
- Oriental Value on beauty center chain Water Oasis (🇭🇰 1161 HK - US$116 million)
- Dungeon Investing on 2nd hand retailer Mandarake (🇯🇵 2652 JP - US$110 million)
- Sweet Stocks on supplements Vita Life Sciences (🇦🇺 VLS AU - US$84 million)
- One Foot Hurdle on Taiwan furniture ODM FY Group (🇹🇼 6807 TT - US$74 million)
- TAMIM All Cap Fund on roll-up Embark Education (🇦🇺 EVO AU - US$70 million)
- Made in Japan on SaaS stock Property Data Bank (🇯🇵 4389 JP - US$50 million)
- Jam Invest on HK skincare retailer Mi Ming Mart (🇭🇰 8473 HK - US$18 million)
(estimated reading time)
- Nicholas Lardy: China is still rising, as its private sector is doing okay (6 mins)
- Massif Capital on China’s industrial policy under Xi Jinping (10 mins)
- Harris Kupperman believes the CNY will strengthen to 5 to the USD (10 mins)
- East Asia Stock Insights on Japanese parent-child listings (5 mins)
- Altay Capital’s portfolio companies about their TSE reform compliance (10 mins)
- Dungeon Investing with a few tips on researching Japanese equities (11 mins)
- Excellent commentary from Auscap on Australian interest rates (20 pages)
- Vietnam Holding’s 1Q2024 letter discussing the Vietnamese economy (2 pages)
- Ross & Van Compernolle’s 1Q2024 letter on Southeast Asian stocks (6 mins)
- Kathmandu Capital’s 1Q2024 letter on NagaCorp, Kaspi, etc (5 pages)
- Krohne Capital’s 1Q2024 letter discussing Matahari, MAP Aktif, etc (6 mins)
- Mat Roiss on Fu Shou Yuan, Tencent, Xiaomi, Haidilao, First Pacific, etc. (6 mins)
- Turtles Substack with updates on Noah, Dada Nexus, Halyk, Lufax, etc (8 mins)
(listening time)
- Mark Mobius likes India, skeptical about HK stocks, thinks JPY will drop (9 mins)
- Russell Napier thinks the CNY will decline, worried about geopolitics (58 mins)
- Arcus Investment’s Peter Tasker & Mark Pearson on Japanese stocks (40 mins)
- M&G Japan’s Carl Vine discussing Sanrio, Nintendo, Nidec, etc (37 mins)
- Journalist Ryan Takeshita on Japan’s burgeoning start-up scene (46 mins)
- Tiger grand-cub Chris Hansen on why he’s bullish on Indian stocks (1:29 hours)
- Rob Vinall with reflections from his recent trip to China… leaning bullish (21 mins)
- Excellent episode with Professor Steve Tsang on Xi Jinping’s ambitions (40 mins)
- CSIS’s Ilaria Mazzocco on the ongoing boom in Chinese EV exports (39 mins)
- Pzena’s Allison Fisch & John Goetz on Weichai Power, COLI, Man Wah (29 mins)
- Petra Capital’s Chan Lee & Albert Yong on Korean value stocks (50 mins)
- Australia’s Airlie’s Will Granger on Tabcorp, Gentrack, News Corp (8 mins)
- Journalist Johan Nylander on the long-term bull case for Mongolia (34 mins)
- Rare interview with legendary resources investor Pierre Lassonde (39 mins)
Here are some of my favorites out of the above links:
