Monday morning links
Haw Par Corporation, HFDC Bank, The Lottery Corporation, Fairfax India, Anycolor
Yesterday, I encountered a technical issue with my planned YouTube live stream, causing it to begin 30 minutes later than originally planned. I apologise for that.
You can find the recording of the live stream here (50 mins). I discuss ten methods commonly used to identify earnings manipulation and fraud in financial statements. You can also download a PDF of the presentation here:
($ = behind paywall)
I wrote a 2023 update to my original report on Tiger Balm producer Haw Par Corporation (🇸🇬 HPAR SP － US$1.6 billion) ($)
Krish Mehta’s at MOI on India’s HDFC Bank (🇮🇳 HDB US － US$131 billion)
Undervalued Shares on The Lottery Corporation (🇦🇺 TLC AU － US$7.4 billion)
Tidefall Capital’s 4Q2022 report on Fairfax India (🇮🇳 FIH/U CN － US$2.0 billion)
Altay Capital’s on “Vtuber” talent agency Anycolor (🇯🇵 5032 JP－ US$1.3 billion)
(estimated reading time) ($ = behind paywall)
I wrote a post on the subsidy landscape in China’s EV industry (13 mins) ($)
Claire Barnes discussing the Apollo Asia Fund’s 4Q2022 result (4 mins)
Pangolin Aviation Recovery Fund’s Dec 2022 report discussing air travel (5 mins)
Greenlight Capital’s 4Q2022 report discussing a successful year (14 mins)
Joseph Politano on the global auto shortage (7 mins)
Part 3 of Andrew Walker’s deep-dive into the offshore oil & gas industry (27 mins)
Edelweiss Capital on how to identify value-accretive M&A (8 mins)
Noah Smith’s thoughtful reviews of three China-related books (11 mins)
(listening time)
Warren Pies at 3Fourteen Research expects a recession in late 2023 (6 mins)
Connie Chan of Andreessen Horowitz with a deep-dive on Tencent’s messaging system WeChat (53 mins)
Jon Y from Asianometry: deep-dive on ASML and EUV lithography (39 mins)
Economist China bureau chief David Rennie on how people in rural and urban areas in China dealt with COVID-19 (37 mins)
HBS professor Felix Oberholzer-Gee on analysing businesses (1:10 hours)
Dede Eyesan, author of the book Global Outperformers, on ten-baggers in China, Japan and Sweden (1:22 hours)
The Business of Fashion podcast with a special episode discussing Hallyu, the Korean wave of K-pop, K-drama and more (22 mins)
Thank you for reading 🙏
Click the button below to get access to the best Substack about Asia-Pacific value stocks. You’ll get 20 deep dive reports per year, portfolio updates and intelligent commentary.
Disclaimer: Asian Century Stocks uses information sources believed to be reliable, but their accuracy cannot be guaranteed. The information contained in this publication is not intended to constitute individual investment advice and is not designed to meet your personal financial situation. The opinions expressed in such publications are those of the publisher and are subject to change without notice. You are advised to discuss your investment options with your financial advisers, including whether any investment suits your specific needs. From time to time, I may have positions in the securities covered in the articles on this website.