Links June 2024

12 investment-related write-ups, 8 articles and 10 podcasts

First of all, let’s do a recap of what I’ve been writing the past month on Asian Century Stocks: a review of Pulak Prasad’s book What I Learned About Investing from Darwin ($), an interview with Jon Y at Asianometry, an article on Korea’s Corporate Value Up program ($) and deep-dives on MTR Corporation ($) and Kansai Paint ($), along with a portfolio update for May ($). As always, feel free to subscribe if you want full access:

And now, a series of investment-related links that I think you’ll enjoy:

• Idea Hive on Japan activist situation Sun Corp (🇯🇵 6736 JP - US$14 billion)

• Harris Associates on pallet provider Brambles (🇦🇺 BXB AU - US$13 billion)

• Sweet Stocks on online travel agent Webjet (🇦🇺 WEB AU - US$2.3 billion)

• Superfluous Value on Mandarin Oriental (🇭🇰 MAND SP - US$2.3 billion)

• Bonhoeffer on Lotte Chilsung’s prefs (🇰🇷 005305 KS - US$981 million)

• Robin’s Substack on Jumbo Interactive (🇦🇺 JIN AU - US$701 million)

• Arar Fund on Korean video gamer maker Gravity (🇰🇷 GRVY US - US$590 million)

• Matrice Memos on dealership group China Yongda (🇯🇵 3669 JP - US$412 million)

• Sohra Peak on the share price drop in Duratec (🇦🇺 DUR AU - US$181 million)

• Undervalued Shares on holdco Yoma Strategic (🇲🇲 YOMA SP - US$171 million)

• Dungeon Investing on Japanese game developers Nihon Falcom (🇯🇵 3723 JP - US$71 million) and Nippon Ichi Software (🇯🇵 3851 JP - US$32 million)

• Praya’s Substack on Left Field Printing (🇭🇰 1540 HK - US$32 million)

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(estimated reading time)

• Japan Business Insights with thoughts on Japan’s defense industry (36 mins)

• Jam Invest: 15 experts provide their views on Hong Kong equities (30 mins)

• Argyle Street’s Kin Chan on why Hong Kong is far from “over” (10 mins)

• East Asia Stock Insights with travel notes from a trip to Mainland China (10 mins)

• Some thoughts from Citrini on the potential in Chinese stocks (10 mins)

• Pyramids & Pagodas with travel notes from a trip to the Philippines (9 mins)

• Mat Roiss with some thoughts from his trip to Hong Kong (9 mins)

• The International Investor with a few suggestions on fast-growing businesses in Southeast Asia (3 mins)

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(listening time)

• BBC: Excellent series discussing the 1997 Bre-X gold scam (~40 mins x 9)

• Dan Tennebaum on what it’s been like to build a fund manager in India (1:24 hrs)

• Asia-based investor / former poker player David Orr on shorting stocks (1:10 hrs)

• Lyn Alden providing the case for owning gold (1:07 hours)

• Business Breakdowns on Korean e-commerce company Coupang (1:03 hours)

• Mat Roiss on Value Hive, discussing his recent trip to Hong Kong (1:01 hours)

• Jeff Gundlach makes a parallel between today and 1968 (52 mins)

• Vlogger Sabbatical showing how Cambodia/Sihanoukville has changed (49 mins)

• Odd Lots on how Indonesia has cornered the global nickel market (49 mins)

• WSJ on the coming IPO of Chinese fashion e-commerce retailer Shein (17 mins)

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Chinese property prices are now falling rapidly, causing a negative wealth effect and a deterioration in collateral values. Source: Macrobond

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My favorite write-ups this month include: