Monday morning links

NagaCorp, Seven & I, Activation Group, Medical Net

A 7-Eleven store in Australia, indirectly managed by Japan’s Seven & I

• Yesterday, I published a report on Hong Kong-listed Cambodian casino operator NagaCorp (🇰🇭 3918 HK － US$3.5 billion)

• ValueAct: Time for a fresh look at Seven & I (🇯🇵 3382 JP － US$41 billion)

• Oriental Value: An update on Activation Group (🇨🇳 9919 HK － US$132 million)

• Emerging Value on Japanese med-tech nano-cap Medical Net (🇯🇵 3645 JP － US$32 million)

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(estimated reading time)

• Man Institute: This time is different: Japan and corporate governance (8 mins)

• Interconnected Substack: Hardtech corporate VCs rising in China (5 mins)

• Palm Harbour Capital’s 1Q2023 letter, incl on Ginebra San Miguel (17 mins)

• Zero Summation Substack on frontier markets, incl Uzbekistan (115 pages)

• Super-short update on Profit Hunting blog’s portfolio (0 mins)

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(listening time)

• Arch Capital on why they’re positive on Nintendo (1:09 hours)

• Jason Hsu of Rayliant on China’s reopening (20 mins)

• Bill Bishop on foreign businesses ability to stay in China (1:02 hours)

• Hedgeye’s Felix Wang on China’s recovery from COVID-19 (33 mins)

• Victor Shih, Barry Naughton etc on how Xi is reshaping the PRC (43 mins)

• Venture capitalist Helen Wong on investing in Indonesian startups (45 mins)

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Huge potential upside in Japan’s military spending. Source: The Daily Shot, Financial Times

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