Deep-dives
IMAX China (1970 HK) － mid-2024 update
"Play it again, Sam". Estimated reading time: 17 minutes
Mainland China
Lao Feng Xiang B-share (900905 CH)
China’s largest jewelry company at 6.6x P/E
Mainland China
Book review: Wild Ride
A book on China’s capitalist experiment by Anne Stevenson-Yang. Estimated reading time: 16 minutes
Mainland China
Prosus (PRX NA)
Tencent at a 35% discount with consistent share buybacks
Mainland China
IMAX China (1970 HK)
Exclusive provider of IMAX cinema equipment to China at 7.5x P/E
Thematic reports
China worries
Dissecting four of the most common pushbacks against investing in Chinese equities. Estimated reading time: 19 mins
Mainland China
China Tower (788 HK)
State monopoly with rapidly falling depreciation charges
Mainland China
China Overseas Land & Investment (688 HK)
State-backed COLI strikes back, now with a P/E of 5.2x
Deep-dives
Alibaba: SOTP with Chinese characteristics
Estimated reading time: 19 minutes
Mainland China
Hidden champions among China's ADRs
An attempt to find the best Chinese businesses listed in the United States. Estimated reading time: 32 minutes
Links
Monday morning links
NagaCorp, Seven & I, Activation Group, Medical Net
Thematic reports
Winners of China's "daigou" crackdown
Hainan duty-free stores and cross-border e-commerce platforms stand to benefit. Estimated reading time: 13 minutes