Monday morning links

The major news over the past week has been Alibaba’s record US$2.8 billion fine for engaging in anti-competitive behaviour. The Godzilla vs Kong blockbuster continues to do well in the box office, providing hope for an Asian cinema recovery. A few notable South Korean IPOs now in the pipeline: South Korea’s Internet Bank KakaoBank, EV battery maker LG Energy Solution and PUBG creator Krafton. Singaporean ride hailing company Grab is planning a US$34 billion US SPAC deal. Significant flare-ups in COVID-19 cases in Japan, India and the Philippines over the past few months and new lock-downs are instituted to deal with the problem. Vaccinations for the elderly in Japan will finally start on Monday. Meanwhile, many fear Tokyo Olympics in July will turn into a superspreader event.

Asian stock ideas

  • I wrote a report on Indonesian chocolate manufacturer Delfi (SGX:DELFI — US$392 million)

  • Whitebox goes activist on LG Corp (KOSE: 003550 — US$14 billion)

  • Hindenburg short report China-base crypto company Ebang (NASDAQ: EBON — US$854 million)

  • Lillian Li deep-dive on Chinese video platform Bilibili (paywall) (NASDAQ: BILI — US$40 billion)

  • Teddy Okuyama on Japanese software stocks Speee (JASDAQ: 4499 — US$328 million) and Firstlogic (TSE: 6037 — US$80 million)


Podcasts and videos

Chart of the week – MSCI Asia Ex-Japan EV/Sales

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