Table of contents
If youβre new here, check out the About Page first.
Latest update: 28 April 2025
Deep-dive reports
($ = for subscribers only)
2025-9: Anicom ($)
2025-8: Nippon Parking Development ($)
2025-7: Metrodata ($)
2025-6: Halyk Bank ($)
2025-5: Link REIT ($)
2025-4: Poper ($)
2025-3: Haad Thip ($)
2025-2: JD.com ($)
2025-1: BASE ($)
2024-23: Hongkong & Shanghai Hotels ($)
2024-22: Prada
2024-21: Anxian Yuan ($)
2024-20: Kaonavi ($)
2024-19: Mandarin Oriental ($)
2024-18: Samyang Foods ($)
2024-17: China Overseas Property ($)
2024-16: Lion Rock ($)
2024-15: Yakult ($)
2024-14: Pacific Textiles ($)
2024-13: Fu Shou Yuan ($)
2024-12: MTR Corporation ($)
2024-11: Kansai Paint ($)
2024-10: Best Mart 360 ($)
2024-9: Lao Feng Xiang B-share ($)
2024-8: Micro-Mechanics ($)
2024-7: Pentamaster International
2024-6: Prosus ($)
2024-5: PropertyGuru ($)
2024-4: Ginebra San Miguel ($)
2024-3: Straco ($)
2024-2: IMAX China ($)
2024-1: Tai Cheung ($)
2023-22: Curves Holdings ($)
2023-21: Fairfax India ($)
2023-20: SUTL Enterprise ($)
2023-19: China Tower
2023-18: China Overseas Land & Investment ($)
2023-17: Plover Bay Technologies ($)
2023-16: Kimly ($)
2023-15: Philippine Stock Exchange ($)
2023-14: Sierra Rutile ($)
2023-13: L'Occitane ($)
2023-12: International Housewares Retail
2023-11: Fuji Corp Miyagi ($)
2023-10: Ryohin Keikaku ($)
2023-9: MacroAsia ($)
2023-8: NagaCorp
2023-7: Hartalega ($)
2023-6: Seria ($)
2023-5: Hysan Development ($)
2023-4: UMP Healthcare ($)
2023-3: Boustead Singapore
2023-2: SaraminHR ($)
2023-1: Hello Group ($)
2022-30: CafΓ© de Coral ($)
2022-29: Codan ($)
2022-28: Tabcorp
2022-27: Casio Computer ($)
2022-26: VTech ($)
2022-25: Koito Manufacturing ($)
2022-24: Swire Pacific
2022-23: Delta Djakarta ($)
2022-22: Kansai Electric ($)
2022-21: Niu Technologies ($)
2022-20: Velesto Energy ($)
2022-19: Samsonite ($)
2022-18: Largan Precision ($)
2022-17: Sony
2022-16: Dream International ($)
2022-15: Kyushu Railway ($)
2022-14: FANUC ($)
2022-13: Uni-President China
2022-12: Ten Sixty Four ($)
2022-11: Subaru ($)
2022-10: Genting Singapore ($)
2022-9: Thai Beverage
2022-8: T. Hasegawa ($)
2022-7: Pan Pacific International ($)
2022-6: Guangzhou Baiyunshan Pharma ($)
2022-5: Uni-Charm Indonesia ($)
2022-4: LG Household & Healthcare ($)
2022-3: MAP Aktif ($)
2022-2: CK Hutchison ($)
2022-1: Holcim Philippines ($)
2021-25: Hanssem ($)
2021-24: Fairwood ($)
2021-23: Sempio Foods
2021-22: Daiichi Kosho ($)
2021-21: Multi Bintang ($)
2021-20: Pakuwon Jati ($)
2021-19: Ultrajaya Milk
2021-18: Pico Far East ($)
2021-17: TravelSky Technology ($)
2021-16: Jardine Cycle & Carriage ($)
2021-15: Okamoto Industries
2021-14: A2 Milk Company ($)
2021-13: Bloomberry Resorts ($)
2021-12: QAF ($)
2021-11: En-Japan ($)
2021-10: United Plantations ($)
2021-9: BAT Malaysia ($)
2021-8: Genki Sushi ($)
2021-7: Delfi
2021-6: China Unicom (Hong Kong) ($)
2021-5: Sanrio Company ($)
2021-4: Ichigo Hotel REIT ($)
2021-3: Malaysia Airports ($)
2021-2: SBS Transit
2021-1: Dairy Farm ($)
2020-8: Yantai Changyu Pioneer Wine ($)
2020-7: Koshidaka
2020-6: Weibo ($)
2020-5: CNOOC ($)
2020-4: SATS
2020-3: Major Cineplex ($)
2020-2: Haier Smart Home D-Share
2020-1: Haw Par Corporation
Stock updates
($ = for subscribers only)
April 2025: Haad Thip ($)
February 2025: Boustead Singapore ($)
January 2025: Subaru ($)
December 2024: Fairfax India ($)
December 2024: Kaonavi ($)
November 2024: Koito Manufacturing ($)
November 2024: Fairwood ($)
September 2024: Boustead Singapore ($)
August 2024: Astra International update ($)
July 2024: Samsonite update ($)
May 2024: IMAX China update ($)
May 2024: Koshidaka update ($)
April 2024: International Housewares Retail update ($)
March 2024: Sony update ($)
March 2024: Delfi update ($)
October 2023: Hartalega update ($)
September 2023: Thai Beverage update ($)
September 2023: CK Hutchison update ($)
August 2023: Alibaba update ($)
July 2023: Multi Bintang update ($)
May 2023: Major Cineplex update ($)
March 2023: En-Japan update ($)
January 2023: Haw Par Corporation update ($)
December 2022: LG Household & Health late-2022 update ($)
November 2022: Dairy Farm late-2022 update ($)
August 2022: Uni-Charm Indonesia mid-2022 update ($)
July 2022: United Plantations 2022 update ($)
May 2022: CNOOC 2022 update ($)
September 2021: Ping An? ($)
September 2021: Sony? ($)
July 2021: Nintendo? ($)
July 2021: Tencent? ($)
Portfolio updates
($ = for subscribers only)
March 2025: Portfolio review March 2025 ($)
February 2025: Portfolio review February 2025 ($)
January 2025: Portfolio review January 2025 ($)
December 2024: Portfolio review December 2024 ($)
November 2024: Portfolio review November 2024 ($)
October 2024: Portfolio review October 2024 ($)
September 2024: Portfolio review September 2024 ($)
August 2024: Portfolio update August 2024 ($)
July 2024: Portfolio update July 2024 ($)
June 2024: Portfolio update June 2024 ($)
May 2024: Portfolio update May 2024 ($)
April 2024: Portfolio update April 2024 ($)
March 2024: Portfolio update March 2024 ($)
February 2024: Portfolio update February 2024 ($)
January 2024: Portfolio update January 2024 ($)
December 2023: Portfolio update December 2023 ($)
November 2023: Portfolio update November 2023 ($)
October 2023: Portfolio update October 2023 ($)
September 2023: Portfolio update September 2023 ($)
August 2023: Portfolio update August 2023 ($)
July 2023: Portfolio update July 2023 ($)
June 2023: Portfolio update June 2023 ($)
May 2023: Portfolio update May 2023 ($)
April 2023: Portfolio update April 2023 ($)
March 2023: Portfolio update March 2023 ($)
February 2023: Portfolio update February 2023 ($)
January 2023: Portfolio update January 2023 ($)
December 2023: Portfolio update December 2022 ($)
November 2022: Portfolio update November 2022 ($)
October 2022: Portfolio update October 2022 ($)
September 2022: Portfolio update September 2022 ($)
August 2022: Portfolio update August 2022 ($)
July 2022: Portfolio update July 2022 ($)
June 2022: Portfolio update June 2022 ($)
May 2022: Portfolio update May 2022 ($)
April 2022: Portfolio update April 2022 ($)
March 2022: Portfolio update March 2022 ($)
February 2022: Portfolio update February 2022 ($)
January 2022: Portfolio update January 2022 ($)
December 2021: Portfolio update December 2021 ($)
November 2021: Portfolio update November 2021 ($)
October 2021: Introducing the Asia-focused portfolio ($)
Thematic reports
($ = for subscribers only)
April 2025: Tariff chaos ($)
April 2025: Travel notes: Pattaya ($)
March 2025: Bottom-fishing in Indonesia ($)
February 2025: Japanβs top 2024 IPOs ($)
February 2025: Generation Z
February 2025: Philippines trading volumes ($)
February 2025: Dividend withholding taxes
January 2025: Martial law in South Korea ($)
December 2024: The bubble tea craze
December 2024: 10 Questions with Made in Japan ($)
November 2024: Trump's tariff plan ($)
October 2024: Complete guide to Japan SaaS ($)
October 2024: Analyze capital allocation in 10 easy steps
October 2024: Whatβs left in my CPF ($)
October 2024: Q&A: Modern Dental ($)
September 2024: Live stream with Daye Deng ($)
September 2024: Hong Kong property amid rate cuts ($)
September 2024: Alternative data for dummies ($)
September 2024: Interview with Afiq Isa
September 2024: Interview with Raghav Kapoor
August 2024: Complete guide to Singapore REITs ($)
August 2024: Interview with Alex Sweet
August 2024: Macro update for 3Q2024
August 2024: Platinum group metals ($)
July 2024: Johor's property market is heating up ($)
July 2024: Travel notes: Tokyo ($)
July 2024: Mining for Money
Jun 2024: Parallels between evolution and investing ($)
Jun 2024: 10 Questions with Jon Y at Asianometry
May 2024: South Koreaβs Corporate Value Up program ($)
May 2024: Macro update for 2Q2024
May 2024: Travel notes: Hong Kong ($)
April 2024: Spy the Lie
April 2024: The Silver Economy ($)
April 2024: 10 Questions with Chris Beselin
April 2024: Closed-end funds at a discount ($)
April 2024: Indonesia after Jokowi ($)
March 2024: Chinaβs capitalist experiment
March 2024: Druckenmiller's gold miner bet ($)
February 2024: What I read in February 2024 ($)
February 2024: Travel notes: Western Australia ($)
February 2024: Macro update for 1Q2024
February 2024: Hong Kong's death has been exaggerated ($)
January 2024: What I read in January 2024 ($)
January 2024: Fraud in Asia
January 2024: Naming and shaming in Japan ($)
January 2024: The cocoa question
January 2024: What I read in December 2023 ($)
December 203: 2024 predictions ($)
December 2023: Macro update for 4Q2023
December 2023: China worries ($)
November 2023: What I read in November 2023 ($)
November 2023: The Asian pet industry ($)
October 2023: What I read in October 2023 ($)
October 2023: Pricing power, revisited
October 2023: Australia's coming housing bust ($)
October 2023: What I read in September 2023 ($)
October 2023: Travel notes: Chiang Mai ($)
September 2023: 10 Questions with InflationX
September 2023: Introduction to the global wristwatch market ($)
September 2023: Hidden Champions among India's ADRs/GDRs ($)
August 2023: What I read in August 2023 ($)
August 2023: Top 20 book recommendations
August 2023: Travel notes: Manila
July 2023: What I read in July 2023 ($)
July 2023: Hidden Champions of Taiwan ($)
July 2023: What if the yen strengthens? ($)
July 2023: The global plane shortage ($)
July 2023: Culture: Decoded
June 2023: How to become an Asian tycoon ($)
June 2023: Hidden champions among China's ADRs ($)
June 2023: Catalyst: Mutant Mayhem ($)
June 2023: Hong Kong's tourism boom ($)
May 2023: Value investing 101
April 2023: Hidden champions of Hong Kong ($)
April 2023: Borrowing ideas from funds, part 6 ($)
April 2023: Playing Red Roulette
April 2023: The glove cycle is bottoming ($)
April 2023: Hidden champions of Singapore ($)
March 2023: Winners of China's "daigou" crackdown ($)
March 2023: Chinese ADRs are safe from delisting, for now ($)
March 2023: IVF
March 2023: The Japanese restaurants that will prosper beyond COVID ($)
March 2023: 10 Questions with Dmitry Baulin (Astutex)
February 2023: 10 Questions with ChatGPT
February 2023: Lithium is moving into oversupply ($)
February 2023: The 2023 box office looks promising
February 2023: Masks off! ($)
January 2023: The Moodyβs manuals, but for Taiwan ($)
January 2023: China's EV subsidies are going to zero ($)
January 2023: Anime is hot again ($)
January 2023: China's borders are reopening ($)
December 2022: 2023 predictions ($)
December 2022: 2022 recap ($)
December 2022: Eight spin-offs ($)
December 2022: Indonesia's new criminal code threatens liberty
December 2022: Glucose monitors will become mainstream
December 2022: China's zero-COVID policy is dead
November 2022: Inflation-protection provisions are inadequate
November 2022: Shipbuilding 101 ($)
October 2022: 10 Hong Kong stocks with unusual insider buying ($)
October 2022: Who benefits from the weak yen? ($)
October 2022: Borrowing ideas from funds, part 5 ($)
October 2022: Introduction to Asiaβs fertiliser industry ($)
September 2022: Variant view: Automotive chip shortage ($)
September 2022: Variant view: Japan's coming tourism boom ($)
August 2022: 10 Questions with Michael Dunne ($)
August 2022: Interview with Herald van der Linde ($)
July 2022: Taste Gourmet meeting notes ($)
July 2022: A technique for screening out frauds ($)
July 2022: Post-war Germanyβs lessons on inflation ($)
July 2022: 10 Questions with βClaytonβ ($)
July 2022: Vacation reading list for 2022 ($)
June 2022: Seven important macro themes ($)
June 2022: 20 rules for investing in Vietnam ($)
June 2022: Mapping Asia's toy industry ($)
May 2022: The industrial robot cycle ($)
May 2022: Battling a bear market ($)
April 2022: Mapping the Asian airport sector ($)
April 2022: Borrowing ideas from funds, part 4 ($)
April 2022: Mapping the Asian ETF market ($)
March 2022: Complete guide to Japan shareholder activism ($)
March 2022: Korean preference shares ($)
February 2022: A 360 degree view on Thai small-caps ($)
February 2022: Chinaβs property market is turning ($)
February 2022: Introduction to Asia-Pacific markets ($)
January 2022: Chinese supermarket wars ($)
January 2022: Introduction to ASEAN cement ($)
January 2022: Resources for Asia-focused investors ($)
December 2021: Predictions for 2022 ($)
December 2021: Investing, Richard Lawrence-style ($)
December 2021: The Magic Formula meets Asia-Pacific ($)
December 2021: Borrowing ideas from funds, part 3 ($)
December 2021: Potential Omicron beneficiaries ($)
November 2021: Will China become socialist again? ($)
November 2021: Six contrarian bets in Hong Kong ($)
November 2021: Singapore residential property ($)
October 2021: Borrowing ideas from funds, part 2 ($)
October 2021: Borrowing ideas from funds, part 1 ($)
October 2021: 11 Questions with "Hide not Slide" ($)
October 2021: The Bank of Kyoto? ($)
September 2021: The Indonesian property market ($)
September 2021: A dozen Japanese vaccination bets ($)
September 2021: Review of Marc Faberβs biography ($)
August 2021: 12 Questions with nipponNuggets ($)
August 2021: Review of Asiaβs Investment Prophets ($)
August 2021: Mass-market clothing stocks ($)
August 2021: The Asian tobacco industry ($)
August 2021: A/H-share discounts ($)
July 2021: Toll road stocks
July 2021: Condom manufacturers ($)
July 2021: 12 Questions with Daniel Tabbush ($)
July 2021: The best retail broker for Asia ($)
July 2021: 10 Questions with Aaron Pek ($)
June 2021: Samsung is in a crucial transition ($)
June 2021: Speculation in 1980s Taiwan ($)
June 2021: Revisiting past ideas ($)
June 2021: Asiaβs casino industry
June 2021: Buyback screen ($)
June 2021: Major themes for 2022 ($)
June 2021: Upstream oil & gas ($)
May 2021: Q&A with Delfiβs management team ($)
May 2021: Review of Robert Kuokβs biography ($)
May 2021: Implications of B.1.617.2 (Delta) ($)
May 2021: Asian dairy industry ($)
May 2021: Chinaβs housing market ($)
May 2021: The East Asian development model ($)
May 2021: Insider buying screen ($)
May 2021: Chinaβs business cycle peaking ($)
May 2021: EV market predictions ($)
April 2021: Koreaβs stock market bubble ($)
April 2021: The Asian travel recovery trade ($)
April 2021: US sanction removal bets ($)
April 2021: Review of Karl Ulrichβs book Winning in China ($)
April 2021: Tips for new investors ($)
April 2021: Simple tricks to spot fraud ($)
March 2021: Asiaβs defence industry ($)
February 2021: How to protect your capital in a war ($)
January 2021: Book review of βThe Chinese Invasion Threatβ ($)
How to buy Asian stocks
To understand how you can buy stocks in Asia, please check my post below on the retail brokers that provide access to Asian stock markets:
What you get as a subscriber
If you subscribe to the free version of Asian Century Stocks, youβll get a weekly e-mail with links to Asia stock related content.
A full paid subscriptions also give you access to the following content:
Over 20x deep-dive reports on value stocks in the Asia-Pacific (example here)
Full disclosure of my own personal Asia-focused portfolio (example here)
Thematic reports such as industry overviews (example here)
To unlock all of the above content, please become a full subscriber by clicking the button below.
Hey Michael, from one Substack writer to another, how did you make this table of contents post pinned to the top of your substack? I love the way you format so well. Thanks for any advice.
Do you ever wonder about the social impact of investing in Asian stocks? China has an immoral social credit system, human rights issues, and an authoritarian surveillance system, for instance.