Monday morning links
Monday morning links
COVID restrictions easing, Chinese credit growth, Asian ETFs, Coupang, Keepers Holdings, Isamu Paint
COVID restrictions are being eased around Asia. Restrictions are being eased in South Korea and potentially in Hong Kong. There are also early signs that Shanghai will let some residents out of their homes.
China’s credit growth was strong in the first quarter of 2022. Such strong numbers usually precede higher fixed asset investment but could also affect the currency.
Yesterday, I published a report on the Asian ETF market. Check it out here in case you’re interested.
DJY Research re-published its report on South Korean e-commerce company Coupang report as a single document (CPNG US — US$30 billion)
Smartkarma on Philippine spirits importer Keepers Holdings (KEEPR PM — US$333 million)
Kenkyo Investing on Japanese net-net Isamu Paint (4624 JP — US$49 million)
(estimated reading time)
I wrote a comprehensive report on the Asian ETF market (21 mins)
The World Bank’s economic outlook for East Asia and the Pacific (5 mins)
GMO: “The turn in value is just getting started” (3 mins)
An excellent deck from Octahedron Capital on the software sector (1:33 hours)
Russell Clark on investor attitudes towards bond markets (2 mins)
A short oil & gas industry primer for beginners (7 mins)
Harris Kupperman is still bullish on commodity stocks (4 mins)
The Open Insights’ 1Q2022 energy market outlook (12 mins)
BP’s 2022 energy outlook (1:21 hours)
The searching4value blog reviewing Javier Blas’s new book The World for Sale, on commodity trading firms (6 mins)
(listening time)
Nick Train on his investing philosophy (44 mins)
Julian Brigden discusses inflation, the pandemic and LatAm (1 hour)
Harris Kupperman on investing in the energy industry (45 mins)
GS commodity strategist Jeff Currie on high commodity prices (59 mins)
Martin Hale talks to Jim Grant about the boom in tech stocks (39 mins)
Sebastian Mallaby on his new book on the venture capital industry (53 mins)
Tech In Asia on Indonesia’s ride-hailing company GoTo (46 mins)
Kyle Rudden of Smartkarma on ESG in special situations (40 mins)
Karim Jetha of Longdean Capital on investing in frontier markets (45 mins)
Ruchir Sharma on investing opportunities in emerging markets (9 mins)
(Largest new programs as % of the market cap; min market cap: US$50m)
Tomo Holdings (10.5%) (6928 HK — US$169 million)
Acer (10.3%) (2353 TT — US$2.9 billion)
China Renewable Energy Investment (10.2%) (987 HK — US$85 million)
CIMC Enric (10.2%) (3899 HK — US$2.3 billion)
Vincent Medical (10.1%) (1612 HK — US$63 million)
(Largest over past 7 days; min market cap: US$50m)
APG Securities: US$1.4 million (APG VN — US$95 million)
Xinyi Glass: US$0.9 million (868 HK — US$9.3 billion)
SK Networks: US$0.8 million (001740 KS — US$984 million)
MNTech: US$0.4 million (095500 KS — US$176 million)
Tanco Holdings: US$0.2 million (TANC MK — US$152 million)
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