Monday morning links

China’s Communist Party will celebrate its 100th anniversary on Thursday 1 July.

Chinese tech companies are once again flocking to New York for IPOs, including ride-hailing giant Didi, Full Truck Alliance, AiHuiShou and Kanzhun.

Thailand approved a plan for Phuket to allow vaccinated tourists in without quarantine.

Indonesia is preparing a tax overhaul with a new marginal income tax rate of 35% for those earning more than US$350,000 per year.

Former Philippine President Benigno Aquino died at aged 61, an event that may have an impact on next year’s election.

Myanmar junta leader Min Aung Hlaing and Russia agreed to strengthen ties.

Demand for Sinovac vaccines in Singapore has greatly exceeded the supply. Meanwhile, the Singaporean government released a plan to lift restrictions and learn to live with endemic COVID-19.


Asian stock ideas

  • I did a deep-dive on Philippine casino operator Bloomberry Resorts (PSE:BLOOM — US$1.5 billion). A quick follow-up comment on the arbitration proceedings between Bloomberry and GGAM here.

  • Vineyard Holdings wrote an 86-pager on Tencent (SEHK:700 — US$734 billion)

  • Value Investing Substack on Malaysia’s AirAsia (KLSE:AIRASIA — US$3.5 billion)

  • Wickhams Hill on Singaporean cinema stock MM2 Asia (SGX:1B0 — US$120 million)


Long-form writing


Podcasts and videos


Chart of the week – The number of billionaires in the United States vs China / Japan


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