Asian Century Stocks

Share this post

Monday morning links

www.asiancenturystocks.com
Links

Monday morning links

Michael Fritzell
Sep 13, 2021
Share this post

Monday morning links

www.asiancenturystocks.com
  • The MSCI Growth / Value ratio is back to a record high: Christopher Wood at Jefferies showed that the MSCI World Growth / Value is back at a record high due to recent Delta variant outbreaks. With the new case count peaking, it is probably a good time to shift towards value stocks (~cyclicals) yet again.

  • Chinese private company P/E compression: The Bank Credit Analyst’s EM strategist Arthur Budaghyan makes the case that Chinese platform companies might become quasi-SOEs and should therefore trade closer to SOE multiples.

  • Chinese tech resignations: The CFO of Chinese live-streaming company Huya resigned “due to personal reasons.” (h/t: The Bear Cave). Also, JD.com’s founder Richard Liu stepped down from daily business as well to focus on rural revitalization - whatever that means.

  • Chinese NPLs: Amid a weakening Chinese property market, developers such as Evergrande are suffering. Bank analyst Daniel Tabbush is observing a build-up of NPLs in certain Chinese banks.


Company-specific reports

($ = behind a paywall)

  • Smartkarma makes a case for Indonesian property developer Ciputra (IDX: CTRA — US$1.3 billion)

  • A quick write-up on Cambodian casino operator NagaCorp (SEHK: 3918 — US$4.0 billion)

  • Superfluous Value Blog on Ping An Insurance (SEHK: 2318 — US$86 billion)

  • nippoNuggets on Japanese digitalisation stock BrainPad (TSE: 3655 — US$423 million)


Long-form writing

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

  • I wrote about Japanese service industry stocks that might benefit from Japan’s vaccination drive (14 mins) ($)

  • George Soros criticising Blackrock’s call to invest in Chinese stocks (3 mins) ($)

  • Historian Ed Chancellor warns about a growth/tech bubble (5 mins)

  • Wickhams Hill’s Under the Radar report dated 10 September 2021 (10 mins)

  • Economist Van de Walle: Chinese stocks have a low correlation to GDP (8 mins)

  • Dexter Roberts on how Xi’s Common Prosperity campaign’s might impact the private sector (14 mins)

  • Bytedance founder’s Zhang Yiming’s philosophical last speech (14 mins)

  • Drawbridge Research analysing Sony’s music and picture segments (15 mins)

  • Harvard professor Willy Shih explains the global chip shortage (38 mins)

  • A review of Paradise Lost about Mahathir’s legacy in Malaysian politics (6 mins)

  • Peterson Institute analysis: South Korea’s economic rise (1:23 hours)


Podcasts and videos

  • Jeffrey Gundlach makes a case for emerging market stocks (25 mins)

  • Acquired podcast deep-dive into TSMC (2:35 hours)

  • David Cornell on opportunities in Indian small caps (20 mins)

  • Journalist Lisa Du on Japan’s vaccine roll-out (29 mins)

  • Brian Laks making the bull case for uranium (1:02 hours)

  • Goehring & Rozencwajg: The truth about renewables (19 mins)

  • I was on the Bretton Goods podcast discussing Asian stocks (52 mins)


Chart of the week – Record inflows into global stocks in 2021

Image
Source: Bank of America, EPFR

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.

Share this post

Monday morning links

www.asiancenturystocks.com
Previous
Next
Comments
TopNewCommunity

No posts

Ready for more?

© 2023 Delante Media Pte Ltd
Privacy ∙ Terms ∙ Collection notice
Start WritingGet the app
Substack is the home for great writing