Monday morning links
Sri Lanka's stock market crash, Thai Beverage, Mongolian Mining, Nvidia, Nintendo
The past week's most significant event has been the free-fall of the Sri Lankan stock market. Many stocks such as Ceylon Tobacco and John Keells were halted. The currency has depreciated from ~200 LKY/USD to close to 300 over the past month. This crash may offer opportunities at some point but I also fear that the country may be turning authoritarian.
Yesterday, I published a report about Thailand’s spirits monopoly company Thai Beverage. The stock trades at P/E 16x - lower than most of its global peers. A return of tourism to Thailand could help revive beer sales.
I wrote about Thai spirits and beer producer Thai Beverage (THBEV SP — US$13 billion)
Wickhams Hill on Mongolian Mining Corporation (975 HK — US$415 million)
(estimated reading time)
JP Morgan 2Q22 Guide to the Markets (71 slides)
Jason Goepfert: lowest optimism about the Japanese Yen since 2013 (1 min)
The Turtles Substack: Are we at the start of a commodity supercycle? (2 mins)
Looking back at the past eight years of Chinese travel (7 mins)
A new Peterson Institute report about the change in the ownership of Chinese companies since Xi came to power (1:37 hours)
And for fun: The best 50 restaurants in Asia, according to Bloomberg (4 mins)
Acquired Podcast on Taiwanese fabless chip company Nvidia (2:04 hours)
Ryan O’Connor on the long-term growth prospects for Nintendo (2:03 hours)
Daniel Yergin on Russia and China’s roles in global energy markets (46 mins)
Kirill Sokoloff on the inflation vs deflation debate (49 mins)
Bill Gross on bonds in the new inflationary environment (1:57 hours)
Russell Napier praises the Reserve Bank of India (22 mins)
Silverbear Capital’s Peter Chun on Chinese stocks in 1Q22 (12 mins)
Anne Stevenson-Yang thinks deflation is coming to China (30 mins)
(Largest new programs as % of the market cap; min market cap: US$50m)
Hazama Ando (9.5%) (1719 JP — US$1.3 billion)
LA Holdings (3.9%) (2986 JP — US$113 million)
Kaon Media (2.2%) (078890 KS — US$184 million)
Maeil Dairies (1.9%) (267980 KS — US$432 million)
Synmosa Biopharma (1.2%) (4114 TT — US$278 million)
(Largest over past 7 days; min market cap: US$50m)
Yadea: US$6.2 million (1585 HK — US$4.9 billion)
Roda Vivatex: US$5.5 million (RDTX IJ — US$135 million)
Int’l Development & Inv: US$2.4 million (IDI VN — US$284 million)
Vietnam Electricity Constr: US$2.2 million (VNE VN — US$62 million)
Nusasiri: US$1.5 million (NUSA TB — US$360 million)
Thanks for reading!
Sign up for over 20 deep-dive reports on Asian stocks per year, thematic reports and full disclosure of my personal portfolio.
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 is suitable for your specific needs. From time to time, I may have positions in the securities covered in the articles on this website.