Monday morning links

The biggest takeaway over the past week has been the importance of reviewing the holdings of key activist funds. They are a great source of ideas, especially in Japan, where shareholder activism is becoming more common.


($ = behind paywall)

  • I wrote a discussion about the Bank of Kyoto (TSE: 8369 — US$3.4 billion) ($)

  • Best ideas from Asia-focused funds: Part 1 and Part 2 (numerous stocks)

  • Discussion of Singapore-headquartered SaaS-company Karooooo in Desert Lion Capital’s 3Q21 report (NASDAQ: KARO — US$1.1 billion)


(Largest new programs as % of market cap; min market cap: US$50m)

  1. AksharChem India (24%) (BSE: AKSHARCHEM — US$55 million)

  2. MPS Ltd (7%) (NSE: MPSLTD — US$169 million)

  3. Komatsu Matere (5%) (TSE: 3580 — US$337 million)

  4. Tokyotokeiba (4%) (TSE: 9672 — US$1.1 billion)

  5. Fukoku (3%) (TSE: 5185 — US$144 million)


(Largest over past 7 days; min market cap: US$50m)

  1. Xinyi Glass: US$6.3 million (HKSE: 868 — US$12 billion)

  2. Haichang Ocean Park: US$2.5 million (HKSE: 2255 — US$1.0 billion)

  3. Mobile World Investment: US$1.6 million (HOSE: MWG — US$4.1 billion)

  4. Vinda International: US$1.6 million (HKSE: 3331 — US$3.3 billion)

  5. Kingboard Holdings: US$440k (HKSE: 148 — US$4.9 billion)


(estimated reading time) ($ = behind a paywall)


(listening time)


China’s monthly official PMI


Thanks for reading, and I wish you a great week ahead!

If you enjoyed this post, please consider joining 181 other full subscribers of Asian Century Stocks by pressing the button below. You will then have immediate access to the archive of past articles, 20+ deep-dives per year, thematic industry reports and access to our subscriber chat group on Telegram.

Join now