Asian Century Stocks

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Monday morning links

www.asiancenturystocks.com
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Monday morning links

Michael Fritzell
Sep 6, 2021
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Monday morning links

www.asiancenturystocks.com
  • Japanese PM Suga resigned: Yoshihide Suga announced that he would resign as Japan’s prime minister to focus fully on dealing with COVID-19.

  • Chinese crackdown on negative news: The Chinese government has begun a two-month campaign to take action against those who “bad-mouth China’s financial markets and falsely interpret domestic policies and economic data”. This might put analysts’ credibility into question since they will be forced to lean bullish.

  • Beijing Stock Exchange: Xi Jinping announced plans to set up a stock exchange in Beijing to compete with those in Shanghai and Shenzhen.

  • Potential Evergrande bankruptcy: Creditors demand immediate repayment of their loans to China Evergrande, the world’s most indebted company. I wrote about Evergrande on VIC a few years ago here.

  • Indonesian QE: Bank Indonesia is starting to monetise US$31bn worth of government debt. It remains to be seen how this will affect the US Dollar / Rupiah exchange rate.


Company-specific reports

($ = behind a paywall)

  • I wrote a deep-dive on a Hong Kong small-cap COVID-19 recovery bet with a strong balance sheet (SEHK: ? — <US$200 million) ($)

  • I wrote another report weighing the bull and bear cases for Japanese electronics giant Sony (TSE: 6758 — US$134 billion)

  • Daniel Tabbush on Thai bank TISCO Financial (SET: TISCO — US$2.3 billion)

  • Choivo Capital on Cambodian casino operator Nagacorp (SEHK: 3918 — US$3.2 billion). Note the recent insider buying.

  • Patches AKF Substack on PAX Global Technology (SEHK: 327 — US$1.5 billion)


Long-form writing

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

  • Swen Lorenz was kind enough to feature Asian Century Stocks as “a blog to watch” on his website (4 mins)

  • Wickhams Hill’s Under the Radar report dated 4 September 2021 (15 mins)

  • Aswath Damodaran on the ongoing crackdown on Chinese tech stocks (20 mins)

  • Another George Soros op-ed on China, this time in the Financial Times (4 mins)

  • Harvard professor Kenneth Rogoff: Back to the 1970s style stagflation? (5 mins)

  • Nikkei comparing Xi’s recent policies to those of Mao in the 1950s (4 mins) ($)

  • Nikkei on Japan’s first hostile takeover by a hedge fund ever (4 mins) ($)


Podcasts and videos

  • Bank analyst Daniel Tabbush on Asian banking stocks (47 mins)

  • Smartkarma’s Henry Soediarko on his favourite sectors in Indonesia (37 mins)

  • China Tech Investor interviewing Michael Norris on Kuaishou, Tencent and Xiaomi’s earnings (1:16 hours)

  • Adam Tooze and Matt Klein on China’s economic history (1:21 hours)

  • Grizzly Research’s Siegfried Eggert on Chinese frauds (1:00 hours)

  • Historian William Dalrymple on the lessons from Afghanistan (58 mins)


Chart of the week – China, Taiwan and Thailand now the biggest underweight in investor portfolios

Source: Smartkarma

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

Sign up for over 20 deep-dive reports on Asian stocks per year and full disclosure of my personal portfolio.

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Monday morning links

www.asiancenturystocks.com
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