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Monday morning links 🔗

www.asiancenturystocks.com
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Monday morning links 🔗

Tabcorp, Bukalapak, Bursa Malaysia

Michael Fritzell
Nov 21, 2022
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Monday morning links 🔗

www.asiancenturystocks.com

Yesterday’s report was on Australian wagering company Tabcorp, which just spun off its lotteries division into a separate entity. Tabcorp has been suffering from COVID-19 lockdowns and online competition. Several states and territories are now levelling the playing field between Tabcorp and its online competitors through point-of-consumption taxes. Tabcorp’s EV/Sales of 0.9x is below industry trading and transaction multiples. A key risk is the Victoria license expiry in 2024.


  • Asian Century Stocks on Australian gambling company Tabcorp (🇦🇺 TAH AU- US$2.4 billion)

  • The Value Investing Substack with an introduction to Indonesian B2B e-commerce operator Bukalapak (🇮🇩 BUKA IJ- US$2.1 billion)

  • Profit Hunting blog on Malaysia’s stock exchange Bursa Malaysia (🇲🇾 BURSA MK- US$1.1 billion)


(estimated reading time)

  • David Hay
    is bearish on the US Dollar, part 1 & part 2 (18 mins)

  • Kevin Xu
    with Bytedance’s Zhang Yiming’s last speech: part 2 (9 mins)

  • Joachim Klement
    : dividend yield is not a reliable predictor of future returns (2 mins)

  • Frederik Gieschen
    : Lessons from a young Warren Buffett (18 mins)

  • Investment Moats blog on weakening housing affordability in Singapore (7 mins)


(listening time)

  • Matt Levine on FTX and Alameda (39 mins)

  • Felix Zulauf is bullish on gold (11 mins)

  • Gerard Minack believes a global recession is coming (42 mins)

  • Niall Ferguson on parallels between today and the cold war (1:57 hours)

  • Mike Green on geopolitics and the risk for a world war (1:36 hours)

  • Doug O'Laughlin on US export controls and their impact on semis (30 mins)

  • Malaysian investment-related content creator John Huo on his career (1:01 hours)


Image
China’s daily COVID-19 infections have reached an all-time high amid the recent loosening of its lockdowns. Source: Bianco Research

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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.

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Monday morning links 🔗

www.asiancenturystocks.com
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