Monday morning links
Monday morning links
Shanghai's lockdown, Genting Singapore, Overseas Education, Nintendo, Zigen, the Manual of Ideas Asian Investing Summit 2022
Shanghai’s lockdown is now more severe than in early 2020, with subway traffic dropping to almost zero. Shanghai’s roads are empty. But COVID is spreading across the rest of the country as well, with aggregate lockdowns causing the Caixin China Services PMI to tumble to 42 in March.
I wrote a report on casino operator Genting Singapore. It’s worth contrasting the stock with its Philippine peer Bloomberry Resorts, which I have written about before.
($ = behind a paywall)
I wrote about Singaporean casino operator Genting Singapore (GENS SP — US$7.2 billion) ($)
I wrote a Twitter thread on Overseas Education, the owner of Singapore’s Overseas Family School (OEL SP — US$78 million)
Crossroads capital on Nintendo in their 2021 letter (7974 JP — US$66 billion)
Feathertop Capital on Japanese roll-up ZIGExN (3679 JP — US$267 million)
(estimated reading time) ($ = behind a paywall)
Stocks discussed at Manual of Ideas Asian Investing Summit 2022 (9 profiles, including my own contribution CK Hutchison) ($)
Joachim Klement: Don’t ever invest in football clubs (3 mins)
Jeremy Grantham on the potential for higher commodity prices (11 mins)
Zoltan Pozsar: Money, commodities and Bretton Woods III (24 mins)
Investor Amnesia on the panic of 1907 (11 mins)
(listening time)
Allocators Asia: Li Lu, from Tiananmen Square to Wall St Legend (22 mins)
Alexander Chia of RHB on why Malaysian stocks are lagging (9 mins)
Asianometry: How Singapore became a petro-giant (15 mins)
Hamilton Helmer discussing how platform businesses have moats (1:26 hours)
Zoltan Pozsar‘s vision for a “Bretton Woods III” (1:01 hours)
Josh Young on the potential for US$200 oil (1 hour)
Leigh Goehring on the problems with renewable energy (53 mins)
Daniel Yergin with yet another discussion of the current energy crisis (55 mins)
(Largest new programs as % of the market cap; min market cap: US$50m)
Zhixin Group (10.0%) (2187 HK — US$309 million)
Star Mica (9.4%) (2975 JP — US$266 million)
Nikon (8.9%) (7731 JP — US$4.2 billion)
Wakita (3.8%) (8125 JP — US$420 million)
Catcher Technology (3.4%) (2474 TT — US$3.7 billion)
(Largest over past 7 days; min market cap: US$50m)
Hextar Global: US$4.2 million (HAL MK — US$586 million)
Square Pharma: US$2.3 million (SQUARE BD — US$2.3 billion)
Yadea: US$1.4 million (1585 HK — US$4.8 billion)
Sabuy Technology: US$1.2 million (SABUY TB — US$1.1 billion)
Fufeng: US$0.4 million (546 HK — US$1.1 billion)
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