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Author Archives:
EM Fund Stock Picks & Country Commentaries (June 6, 2023)
A range of emerging market fund stock picks coming from South African fund managers (who have first hand experience living and working in a country that is divided between a developed and an emerging or frontier market environment) this week … Continue reading
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Emerging Market Links + The Week Ahead (June 5, 2023)
This week, we have included some useful charts from some PGIM Fixed Income and Invesco research pieces, including ones covering inflation rates, central bank rates (and rate predictions) and an Eastern European Union member country dividend yields within historical ranges … Continue reading
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CMBI Research Focus List of China Stock Picks (May 2023)
CMB International Capital Corporation is a wholly owned subsidiary of China Merchants Bank (HKG: 3968 / SHA: 600036 / OTCMKTS: CIHKY / OTCMKTS: CIHHF) – one of the largest banking groups and the largest privately-owned bank in China. They come out with (and post on their website) a monthly list … Continue reading
Semiconductor Manufacturing International Corp (SHA: 688981 / HKG: 0981 / FRA: MKN2): China’s Most Important Chipmaker
Semiconductor Manufacturing International Corporation (SMIC) (SHA: 688981 / HKG: 0981 / FRA: MKN2) is considered to be China’s most important chipmaker but its origins lay with stolen TSMC technology.
NAURA Technology Group (SHE: 002371): A Potential US-China Chip Conflict Beneficiary
NAURA Technology Group (SHE: 002371) is a Chinese manufacturer of integrated circuit and semiconductor equipment who benefits from the US-China chip conflict.
Advanced Micro-Fabrication Equipment (SHA: 688012): China’s #2 Chip Tool Maker
Advanced Micro-Fabrication Equipment (AMEC) (SHA: 688012) is China’s No. 2 manufacturer of chip making tools and a producer of etching devices who benefits from the US-China chip war.
Legend Biotech (NASDAQ: LEGN): The J&J Partner Recently Surged on Leaked Data About It’s Multiple Myeloma Treatment
China-USA based Legend Biotech (NASDAQ: LEGN) is a developer of commercial-stage biotech medicines partnered with J&J. A May 16th Nikkei Asia and FT article noted the Company had told them how concerns about the Holding Foreign Companies Accountable Act (HFCAA) had prompted them to shift its … Continue reading
ACM Research (NASDAQ: ACMR): Successfully Straddling the US-China Chip Conflict (So Far…)
Silicon Valley and China based ACM Research (NASDAQ: ACMR) is a leading supplier of wafer processing solutions for semiconductor and advanced wafer-level packaging (WLP) applications. A May 16th Nikkei Asia and FT article noted the Company switched its accounting work to Armanino in San Ramon, California, … Continue reading
Mercurity Fintech Holdings (NASDAQ: MFH): Speculative Chinese Fintech, Blockchain and Bitcoin Stock
Mercurity Fintech Holdings (NASDAQ: MFH) is a speculative Chinese fintech and blockchain stock. A May 16th Nikkei Asia and FT article noted the Company switched from auditor Shanghai Perfect to Onestop Assurance PAC of Singapore as the latter is registered with the Public Company Accounting Oversight Board (PCAOB) and has been inspected … Continue reading
Fangdd Network (NASDAQ: DUO): Can the Online Marketplace Ride Out the Chinese Property Downturn?
Chinese online real estate marketplace Fangdd Network (NASDAQ: DUO) said in its annual report that on July 25, 2022, the Company switched auditors to the Audit Alliance of Singapore from KPMG Huazhen – one of the companies recently criticized by the Public Company Accounting Oversight Board (PCAOB). The move … Continue reading
Posted in China, EMS Analysis, Real Estate, Stocks, Technology
Tagged Asia, China, East Asia
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EM Fund Stock Picks & Country Commentaries (May 30, 2023)
A range of emerging market fund stock picks coming from international (mostly UK based) fund managers this week (among other stocks getting mentions later in this post) include: There is has been plenty of coverage about American companies nearshoring operations or attempting … Continue reading
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Emerging Market Links + The Week Ahead (May 29, 2023)
Macau looks like it will recover much faster than China while Macau casino stocks could soon start paying juicy dividends again. Note that Las Vegas and Singapore casinos were open much sooner than their Macau counterparts. South Korea could also … Continue reading
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Emerging Market Stock Pick Tear Sheets (May 15-28, 2023)
This post is a compilation of links and briefs for our short EM Stock Pick Tear Sheets (separate section) for the the last two weeks covering emerging market stock picks for Africa (LSE listed stocks), Latin America (mostly Canada based … Continue reading
Posted in EMS Analysis, Newsletter, Stocks
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CGX Energy (CVE: OYL / FRA: GXCN / OTCMKTS: CGXEF): A Speculative Guyana Oil Small Cap Stock
Toronto based CGX Energy (CVE: OYL / FRA: GXCN / OTCMKTS: CGXEF) is focused on the exploration of oil in the Guyana-Suriname Basin and the development of a deep-water port in Berbice, Guyana. However and despite having an oil joint venture with larger Canadian group Frontera Energy Corporation (TSE: FEC / FRA: 3PY3 / OTCMKTS: FECCF), CGX Energy … Continue reading
Posted in Commodities, EMS Analysis, Latin America, Stocks
Tagged Guyana, Latin America
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Frontera Energy (TSE: FEC / FRA: 3PY3 / OTCMKTS: FECCF): Hit By Colombia Unrest But Sees Coming Profitability and Operational Improvements
Canada based Frontera Energy Corporation (TSE: FEC / FRA: 3PY3 / OTCMKTS: FECCF) is focused on oil and natural gas (plus related investments) in Colombia, Ecuador, and Guyana. Recent unrest in parts of Colombia where the Company operates has impacted some operations or exploration efforts there. However, recent Guyana exploration efforts could be … Continue reading
Posted in Commodities, EMS Analysis, Latin America, Stocks
Tagged Colombia, Guyana, Latin America
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Gran Tierra Energy (NYSE: GTE): Still Has Plenty of Exploration Opportunities in Colombia and Ecuador
Calgary based Gran Tierra Energy (TSX: GTE / NYSE: GTE / LSE: GTE) is an independent international exploration and production company with onshore oil production focused in Colombia and Ecuador. Recent earnings and concerns about risk in Colombia have sent share prices downward, but the Company has plenty of long term development opportunities … Continue reading
Posted in Commodities, EMS Analysis, Latin America, Stocks
Tagged Colombia, Ecuador, Latin America
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Vista Energy (NYSE: VIST): Has the Largest Shale Oil and Gas Play Under Development Outside North America
Mexico based Vista Energy (NYSE: VIST / FRA: 1CIA / BMV: VISTAA)’s main asset in Argentina is the largest shale oil and shale gas play under development outside North America. Shares have risen from the $3 level in 2021 to the $20 level as of May 2023. The WSJ recently mentioned the stock in an … Continue reading
Posted in Commodities, EMS Analysis, Latin America, Stocks
Tagged Argentina, Latin America, Mexico
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GeoPark Ltd (NYSE: GPRK): Positioned for a Latin American Oil Boom
Colombia based GeoPark Ltd (NYSE: GPRK / LON: 0MDP / FRA: G6O) is a leading independent Latin American oil and gas explorer, operator and consolidator with exceptional assets across Colombia, Ecuador, Chile and Brazil plus a track record of operational growth. However, GeoPark’s two founders had a messy falling out in 2021 with the ousted Chairman … Continue reading
Posted in Commodities, EMS Analysis, Latin America, Stocks
Tagged Colombia, Latin America
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PZU (WSE: PZU / FRA: 7PZ / FRA: 7PZ0): Poland and the CEE’s Largest Financial Conglomerate
Posted in Eastern Europe, EMS Analysis, Stocks
Tagged Eastern Europe, Poland, Ukraine
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PKO Bank Polski (WSE: PKO / FRA: P9O): Poland’s Largest Bank That Also Owns a Bank in Ukraine
Posted in Eastern Europe, EMS Analysis, Stocks
Tagged Eastern Europe, Poland, Ukraine
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EM Fund Stock Picks & Country Commentaries (May 23, 2023)
A range of emerging market fund stock picks coming from US based fund managers this week (among other stocks getting mentions later in this post) include: One smaller fund manager has said the quiet part out loud with an unusually frank discussion … Continue reading
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Emerging Market Links + The Week Ahead (May 22, 2023)
For this week, we have a number of new Tear Sheets plus stock picks from other sources. And while I am not a fan of Insider due to Henry Blodget being it’s CEO, they recently had an interesting article about … Continue reading
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EV Battery Maker Market Share Chart & Stock List (China, Japan & South Korea Stocks)
Chart of the Day: China’s battery makers carve out growing share in overseas markets (Caixin) $ (NOTE: Also see Top 10 Chinese Automakers By Electric Vehicle Sales Stock List & Graphic) South Korea Note: We have covered these South Korean battery stocks … Continue reading
World’s Safest Banks Rankings & List (From Late 2022)
Global Finance’s annual ranking of the World’s Safest Banks (From November 2022) shows “the finance sector has recovered better than many economies, and looks set to prosper in recovery” (Also see our growing list of Bank Stock tear sheets): ADDITIONAL RESOURCES: Share Subscribe Now Via … Continue reading
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United Overseas Bank (SGX: U11 / FRA: UOB / UOB0 / OTCMKTS: UOVEY / UOVEF): Betting on ASEAN Growth With 2M New Citibank Clients
Singapore headquartered United Overseas Bank (SGX: U11 / FRA: UOB / UOB0 / OTCMKTS: UOVEY / UOVEF) is rated as one of the world’s top banks with 500 branches and offices across 19 countries in Asia Pacific, Europe and North America. In addition, UOB Bank has already completed the integration of their acquisition of Citibank’s retail … Continue reading
DBS Group (SGX: D05 / FRA: DEVL / DEV / OTCMKTS: DBSDY / DBSDF): Record Earnings But Profit Margins From Higher Rates Have Peaked
Singapore headquartered DBS Group (SGX: D05 / FRA: DEVL / DEV / OTCMKTS: DBSDY / DBSDF) operates in the three key Asian axes of growth (Greater China, Southeast Asia and South Asia) and it’s credit ratings are among the highest in the world. The Financial Times recently noted how Singapore’s big banks have been breaking earnings record … Continue reading
OCBC Bank (SGX: O39 / FRA: OCBA / OCBB / OTCMKTS: OVCHY): Record Profits as Money Flows to Singapore
Oversea-Chinese Banking Corp (SGX: O39 / FRA: OCBA / FRA: OCBB / OTCMKTS: OVCHY) is one of the largest banks in SE Asia and has consistently ranked highly as one of the “safest banks in the world.” The Financial Times recently noted how Singapore’s big banks have been breaking … Continue reading
Airtel Africa (LON: AAF / FRA: 9AA / OTCMKTS: AAFRF): A Telco Who’s Performance Rides on Oil Prices
Airtel Africa (LON: AAF / FRA: 9AA / OTCMKTS: AAFRF) is a UK-based MNC providing telecommunications and mobile money services in 14 African countries. The Financial Times has recently noted how much oil prices matter to the Company’s performance (Nigeria accounts for about 40% of revenues and ebitda) as … Continue reading
EM Fund Stock Picks & Country Commentaries (May 16, 2023)
Frontier market fund stock picks coming from both US based and international fund managers are in focus this week, with some highlights being: One Fund latest report pointed out how banking is the largest industry in the MSCI FEM Index at about 35% – … Continue reading
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Top 10 Chinese Automakers By Electric Vehicle Sales Stock List & Graphic
SOURCE: China’s EV industry braced for shakeout as prices plunge (FT + Asian Nikkei) (Local players face softer demand and competition from foreign makers) BYD Company (HKG: 1211 / SHE: 002594 / OTCMKTS: BYDDY / BYDDF) SAIC Motor Corp (SHA: 600104) Guangzhou Automobile Group (SHA: 601238) Chongqing Changan Automobile (SHE: 000625 / SHE: 200625) Dongfeng Motor (state-owned) Geely Automobile Holdings (HKG: 0175) Li … Continue reading
Emerging Market Links + The Week Ahead (May 15, 2023)
China is in focus this week starting with a hilarious 13 minute Friendly Bear Research podcast interview where the Dan McClory, Head of China at Boustead Securities, discussed recent Chinese Cayman Island IPOs. The interview quickly went off the rails … Continue reading
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Emerging Market Stock Pick Tear Sheets (May 1-14, 2023)
This post is a compilation of links and briefs for our short (1-3+ minute reads or graphic-chart skims, not counting any videos, for free posts while paywalled posts are longer and include any recent fund commentary) EM Stock Pick Tear … Continue reading
Posted in EMS Analysis, Newsletter, Stocks
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Tecnoglass (NYSE: TGLS): An Architectural Glass Stock With an Unbreakable Recent Performance
Colombia based Tecnoglass (NYSE: TGLS) is the second largest glass fabricator serving the U.S. and the #1 architectural glass transformation company in Latin America. Shares have moved from the single digit level in 2021 to $46.46 as of yesterday’s close as the company has continued … Continue reading
Redefine Properties Ltd (JSE: RDF / BLN: R7H1): Load Shedding Hits Earnings-Dividends But There is Growth in Poland
Posted in Africa, Eastern Europe, EMS Analysis, Real Estate, Stocks
Tagged Africa, Eastern Europe, Poland, South Africa
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ZJLD Group (HKG: 6979): IPO of the First Baijiu Maker to List Outside of China Flops
In late April, baijiu liquor maker ZJLD Group (HKG: 6979) was the biggest Hong Kong IPO of the year (and the first baijiu to list outside of China) and it flopped: [Also see: Kweichow Moutai (SHA: 600519): China’s Communist Spirit and Most Valuable Company] With … Continue reading
PKN Orlen (WSE: PKN / FRA: PKY1): Russian Oil Sanctions Bite But Looks to Expand in Germany Plus Pays Record Dividends
Poland’s state-controlled oil company Polski Koncern Naftowy ORLEN Spólka Akcyjna (WSE: PKN / FRA: PKY1) is a multinational oil refiner and petrol retailer providing energy and fuel for more than 100 million Europeans. According to the Financial times, the ban on Russian crude oil is costing the Company millions … Continue reading
Posted in Commodities, Eastern Europe, EMS Analysis, Stocks
Tagged Eastern Europe, Poland
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EM Fund Stock Picks & Country Commentaries (May 9, 2023)
Some emerging market fund stock picks coming from both US based (who tend to allow their documentation to quoted from) and international fund managers to highlight for this week (among other EM stocks getting mentions later in this post): One … Continue reading
Posted in EMS Analysis, Newsletter
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Emerging Market Links + The Week Ahead (May 8, 2023)
China is now the elephant in the investing index room, but there is a risk of investors overlooking other countries with more attractive valuations (and for that matter, better earnings growth). Based on price-to-book ratios over the last 10 years, … Continue reading
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Famous Brands (JSE: FBR): Africa’s Leading Vertically Integrated Restaurant Operator With Rising Earnings
Famous Brands Ltd (JSE: FBR) is Africa’s leading quick-service and casual dining restaurant franchisor operating franchised, master license and Company-owned restaurants. They have a vertically integrated business model and supply chain consisting of Manufacturing, Logistics and Retail operations. The Company … Continue reading
Pick ‘n Pay (JSE: PIK / FRA: PIK): Value Stock Characteristics as South Africa Continues to Deteriorate
South African retailer Pick ‘n Pay (JSE: PIK / FRA: PIK) just released earnings that show some green shoots for the future as well managed businesses learn to adapt to deteriorating conditions in South Africa and the vacuum left behind … Continue reading
Shanghai Putailai New Energy Tech (SHA: 603659): Financing Europe’s Biggest Anode Plant in Sweden for EV Batteries
Shanghai Putailai New Energy Tech (SHA: 603659) is focused on the development and sale of materials for lithium-ion batteries and automation equipment in China. It was just reported today: However, the Company will fund 30% of the project and take out loans for … Continue reading
Shanghai Milkground Food Tech (SHA: 600882): A Cheese Darkhorse Hit by Peak Cheese Lollipop as Chinese Consumers Tighten Belts
Chinese dairy stock and homegrown cheesemaker Shanghai Milkground Food Tech (SHA: 600882) has been described as a dark horse in China’s cheese product market. However, the Financial Times has recently reported: Goldman Sachs loses taste for China’s cheese lollipops (Demand for flavoured snack expected to weaken … Continue reading
GF Securities (HKG: 1776 / SHE: 000776 / FRA: 9GF): A Value Stock After Recent Scandals & Crackdowns?
GF Securities (HKG: 1776 / SHE: 000776 / FRA: 9GF) is a diversified investment management and brokerage group that’s also the latest brokerage to be investigated by the China Securities Regulatory Commission (CSRC) amid the full roll-out of a registration-based IPO system. The stock suffered another underwriting scandal a … Continue reading
Galaxy Entertainment (HKG: 0027 / OTCMKTS: GXYEF): Macau’s Best Casino Stock Positioned for Growth
Cash rich Galaxy Entertainment (HKG: 0027 / OTCMKTS: GXYEF) is one of the world’s leading resorts, hospitality and gaming companies. It primarily develops and operates a large portfolio of integrated resort, retail, dining, hotel and gaming facilities in Macau. The … Continue reading
EM Fund Stock Picks & Country Commentaries (May 2, 2023)
A range of emerging market fund stock picks coming from US based and international fund managers to highlight this week (among other stocks also getting mentions later in this post): One fund manager commented about the Q1 outperforming of Chinese State-Owned Enterprises … Continue reading
Posted in EMS Analysis, Newsletter
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Emerging Market Links + The Week Ahead (May 1, 2023)
Alibaba’s CEO recently gave an interview (translated) about the reasons behind the Company’s biggest restructuring in history as the US Chamber of Commerce warns about the rising risk of doing business in China. There is also an interesting piece about … Continue reading
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Emerging Market Stock Pick Tear Sheets (April 2023)
This post is a compilation of links and briefs to our (so-far) free and short (1-3 min max reads or graphic-chart skims) EM Stock Pick Tear Sheets (separate section) for the month of April 2023. Some stocks covered in April have been mentioned in fund manager podcasts (e.g. Bairong Inc, MapMyIndia, Persistent Systems, etc.) … Continue reading
Posted in EMS Analysis, Newsletter, Stocks
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Banco Santander-Chile (NYSE: BSAC): Not Another SVB or First Republic Bank
Banco Santander-Chile (NYSE: BSAC), part of the Santander group and majority controlled by Santander Spain, is the largest bank in Chile by loans and the second largest by deposits. The bank just reported earnings on Friday. However, some of the funds (who own its shares) we cover in our Tuesday posts … Continue reading
TOP Financial Group (NASDAQ: TOP): Hong Kong’s Latest Crazy Meme Stock
Tiny Hong Kong based online brokerage TOP Financial Group (NASDAQ: TOP) has become the latest crazy meme stock. They have just $5.2M in revenue ($1.8M in net income) for the last six months they reported financials (for the six months ended September 30, 2022)… Hong … Continue reading
Betterware de Mexico (NASDAQ: BWMX): Mexico’s Direct Selling Powerhouse With Big Expansion Plans
Betterware de Mexico (NASDAQ: BWMX) is Mexico’s leading Direct-to-Consumer (bypassing retailers, wholesalers, other middlemen, etc.) company focused on creating innovative products that solve specific needs regarding organization, practicality, space-saving and hygiene within the household. The Company plans to further expand its asset-light model in the USA, … Continue reading
Hibiscus Petroleum (KLSE: HIBISCS): Profitably Enhancing Production from Mature Assets
Hibiscus Petroleum Berhad (KLSE: HIBISCS) is Malaysia’s first listed independent oil and gas exploration and production company focused on enhancing production from mature assets safely and profitably in regions of their geographic focus: United Kingdom, Malaysia, Australia, and Vietnam. OVERVIEW: 1 YEAR CHART: LONG TERM CHART: … Continue reading
Posted in Commodities, EMS Analysis, Southeast Asia, Stocks
Tagged Asia, Malaysia, SE Asia
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Noah Holdings (NYSE: NOAH): A Chinese Wealth Management Firm Facing a “Crisis of Confidence” in the Sector
Noah Holdings Limited (NYSE: NOAH / HKEX: 6686) is a leading and pioneer wealth management service provider in China offering comprehensive one-stop advisory services on global investment and asset allocation primarily for high net worth investors. However, FT just republished a Nikkei Asia article entitled, China’s wealth management … Continue reading
Fund Stock Picks & Country Commentaries (April 25, 2023)
A variety of emerging market fund stock picks (like last week, mainly from London listed closed-end funds – there will be another post later this week covering EM-international funds from a US mutual fund group) to highlight this week (among … Continue reading
Posted in EMS Analysis, Newsletter
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Emerging Market Links + The Week Ahead (April 24, 2023)
China is ‘surgically’ hitting select foreign firms as one analyst points to an uneven recovery trend that is more extreme than expected e.g. China-overseas flights remain 70% below 2019 levels. However, local consumption seems to be picking up and the … Continue reading
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Gotion High-tech Co (SHE: 002074 / FRA: 24U0): The EV Battery Maker Causing a Stir in Michigan
Gotion High-tech Co (SHE: 002074 / FRA: 24U0) researches, develops, manufactures and markets lithium EV batteries with Volkswagen owning a 30% stake. With plans to expand a China-only operation globally, Gotion High-tech’s subsidiary recently made negative headlines in the USA: OVERVIEW: 1 YEAR CHART: LONG TERM CHART: ADDITIONAL … Continue reading
Anadolu Efes (IST: AEFES / FRA: EF41 / OTCMKTS: AEBZY): Bridging the East-West Divide With Beer & Soft Drinks
Anadolu Efes Biracilik ve Malt SanayiiAS (IST: AEFES / FRA: EF41 / OTCMKTS: AEBZY) makes more than two-thirds of its net sales in international markets and is Europe’s 5th and the world’s 9th largest brewer by production volume. Aside from Turkey (note that Turkish elections are scheduled for May 14th), … Continue reading
Posted in EMS Analysis, Middle East, Stocks
Tagged Asia, Eastern Europe, Middle East, Turkey
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NetDragon Websoft (HKG: 0777 / FRA: 3ND): First Stock to Try the AI-CEO Gimmick (Ahead of a NYSE Spinoff-Listing)
Last August, online gaming and education stock NetDragon Websoft (HKG: 0777 / FRA: 3ND) appointed Ms. Tang Yu, an AI-powered virtual humanoid robot, as the Rotating CEO of its flagship subsidiary, Fujian NetDragon Websoft Co., Ltd. Obviously, the attention grabbing PR stunt got some investor, media (Should we … Continue reading
EM Fund Stock Picks & Country Commentaries (April 18, 2023)
We have a variety of emerging market fund stock picks (mainly from London listed funds) to highlight this week (among other stocks also getting mentions late on in this post): One fund talked about the three key characteristics to look … Continue reading
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Emerging Market Links + The Week Ahead (April 17, 2023)
Its hard to believe that anyone can dethrone Amazon. But Pinduoduo’s (PDD Holdings (NASDAQ: PDD)) Temu (among other Chinese eCommerce players) have quietly launched the “Amazon eCommerce siege war” as Amazon lets go of the vast “sinking markets” (e.g. lower-income-segments … Continue reading
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Persistent Systems (NSE: PERSISTENT / BOM: 533179): One of India’s Fastest Growing IT Firms You Probably Have Not Heard Of
Persistent Systems (NSE: PERSISTENT / BOM: 533179) is a digital engineering and enterprise modernization partner set up in 1990 by an Indian repat who worked for HP Labs. Despite the tech spending slowdown, Persistent Systems is still growing: 16.1% revenue CAGR from it’s IPO to … Continue reading
MINISO Group Holding (NYSE: MNSO): Asia’s Notorious Copycat Retailer
Lifestyle products retailer MINISO Group Holding (NYSE: MNSO) copied Japanese retail chains or brands Uniqlo, Muji and Daiso – and have arguably done it better than the originals. OVERVIEW: Rather than operate an independent network of franchisees, our seven-month investigation of Chinese corporate records and store level data indicates, … Continue reading
MapMyIndia (NSE: MAPMYINDIA / BOM: 543425): Maps Every Door in India
CE Info Systems Ltd (MapMyIndia) (NSE: MAPMYINDIA / BOM: 543425) is the world’s leading provider of digital maps, geospatial software & location-based IoT technologies. They make maps to help Uber, delivery vehicles, etc. drivers find your door in India. OVERVIEW: 1 YEAR CHART: LONG TERM … Continue reading
Bairong Inc (HKG: 6608 / FRA: 6B5): AI/Digital Transformation Services for Chinese Banks
Small cap Bairong Inc (HKG: 6608 / FRA: 6B5) provides AI and digital intelligence and digital transformation services to Chinese banks (for security, credit evaluation, etc. purposes): OVERVIEW: 1 YEAR CHART: LONG TERM CHART: ADDITIONAL RESOURCES: Share Subscribe Now Via Substack Disclaimer. The information and views contained … Continue reading
EM Fund Stock Picks & Country Commentaries (April 11, 2023)
Emerging market fund stock picks for China, Korea, Taiwan and Latin America along with other emerging markets are in focus this week. One thing that stands out: Many Asian stock picks are clearly off their COVID lows or bottoms and … Continue reading
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Emerging Market Links + The Week Ahead (April 10, 2023)
A couple of good trip report style pieces covering India, Turkey and Brazil have recently been published along with a piece about Tencent’s golden share problem that may expose it to more intervention (golden shares are a way for the … Continue reading
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Turkey – Taking Stock in Times of Change (Undervalued Shares)
Posted in Frontier / Emerging Market News, Middle East, Stocks
Tagged Asia, Middle East, Turkey
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Is China Still Uninvestable? A Conversation with Navis Jockey Fund (SumZero)
Posted in China, Fund Manager News & Research, Stocks, Technology
Tagged Asia, China, East Asia
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Why Tencent’s Golden Share Arrangements Could Be Worse for Investors Than Alibaba’s (China Tech Shorts)
Posted in China, Frontier / Emerging Market News, Stocks, Technology
Tagged Asia, China, East Asia
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Don’t Navigate on Headline News When Investing in Asia-Pacific (Robeco)
Posted in Fund Manager News & Research, Investing Tips
Tagged Asia, East Asia, SE Asia, South Asia
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Mexico’s $100-Billion Auto Parts Industry is Reinventing Itself for the EV era (Rest of World)
Posted in Frontier / Emerging Market News, Latin America, Technology
Tagged Latin America, Mexico
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Five Takes on Multi-asset Investing in Post-Pandemic China (Schroders)
Posted in China, Fund Manager News & Research, Investing Tips
Tagged Asia, China, East Asia
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EM Fund Bank & Financial Stock Picks (Q1 2023)
In the wake of the Silicon Valley Bank and now the Credit Suisse debacles, many investors may not want to touch any kind of bank, insurance, financial services and related stock pick. However and as this meme I have already … Continue reading
Posted in EMS Analysis, Newsletter
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Emerging Market Links + The Week Ahead (April 3, 2023)
As US states crack down and ESG investments deflate, fund managers have apparently become “woke” to the perils of pushing ESG by doing damage control over their previous ESG pitches (while money continues to exit key ESG ETFs). However, the … Continue reading
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Alibaba’s Spinoffs: More Clarity, More Complexity (China Tech Shorts)
Posted in China, Frontier / Emerging Market News, Stocks, Technology
Tagged Asia, China, East Asia
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Alibaba Reorg (Interconnected)
Posted in China, Frontier / Emerging Market News, Stocks, Technology
Tagged Asia, China, East Asia
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START not FAANG (GAM)
Posted in China, Fund Manager News & Research, India, Investing Tips, Stocks, Technology
Tagged China, East Asia, India, South Asia, South Korea, Taiwan
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Asia: The Multi-Asset Class Opportunity Set – With Partners Capital & Singapore Management University (Money Maze Podcast)
Posted in Fund Manager News & Research, Investing Tips
Tagged Asia, SE Asia, Singapore
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Lalatech, the Start-up Behind Lalamove Logistics Service, Files for Hong Kong IPO After Turning its Back on New York (SCMP)
Posted in China, Frontier / Emerging Market News, Startups, Stocks, Technology
Tagged Asia, China, East Asia, Hong Kong
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Shanghai Exchange Scraps Meeting for Syngenta’s US$9.5 Billion IPO, Disrupting Plans for World’s Biggest Offering of 2023 (SCMP)
Posted in China, Frontier / Emerging Market News, Stocks
Tagged Asia, China, East Asia
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EM Fund Stock Picks & Country Commentaries (March 28, 2023)
Emerging market fund stock picks for China, India, and other emerging markets are in focus this week. Some specific emerging market stock picks from this post worth highlighting: Last week, we mentioned how one Fund is trying to get investing … Continue reading
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Emerging Market Links + The Week Ahead (March 27, 2023)
This week, we have some ideas for revaluating China exposure as Beijing’s regulatory crackdown and Xi’s bias for heavy industrial development will likely make it harder for private firms (without business plans in line with industrial policy) to obtain loans. … Continue reading
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India’s Opportunities: Impossible to Ignore (Van Eck)
Posted in Fund Manager News & Research, India, Stocks
Tagged Asia, India, South Asia
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Luckin Coffee is Launching in Singapore, Will it Do Well? (Momentum Asia)
Posted in China, Frontier / Emerging Market News, Southeast Asia, Stocks
Tagged Asia, China, East Asia, SE Asia, Singapore
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Singapore Banks: Breaking Out (Smart Karma)
Posted in Frontier / Emerging Market News, Southeast Asia, Stocks
Tagged Asia, SE Asia, Singapore
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RESTRICT China (Interconnected Substack)
Posted in China, Frontier / Emerging Market News, Startups, Technology
Tagged Asia, China, East Asia
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Why Chinese Apps Are the Favorites of Young Americans (WSJ)
Posted in China, Frontier / Emerging Market News, Stocks, Technology
Tagged Asia, China, East Asia
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Pinduoduo Research Report (Hayden Capital)
Posted in China, Fund Manager News & Research, Stocks, Technology
Tagged Asia, China, East Asia
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Credit Suisse: Saudi Arabia and Qatar Set to Lose Big After UBS Deal (Middle East Eye)
Posted in Frontier / Emerging Market News, Middle East
Tagged Middle East, Qatar, Saudi Arabia
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What it Looks Like When a Country Doesn’t Trust its Banks (VOX)
Posted in Frontier / Emerging Market News, Latin America
Tagged Argentina, Latin America
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Brazil’s Grievous Manufacturing Collapse (The Emerging Markets Investor)
Posted in Frontier / Emerging Market News, Latin America
Tagged Brazil, Latin America
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Countries Compete to Lure Manufacturers From China (WSJ)
Posted in China, Frontier / Emerging Market News, India, Latin America, Southeast Asia
Tagged Asia, Cambodia, China, East Asia, India, Latin America, Mexico, Philippines, SE Asia, South Asia, Vietnam
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EM Fund Stock Picks & Country Commentaries (March 21, 2023)
Emerging market fund stock picks for a range ofemerging (including China, India, Brazil, etc) or frontier market countries are in focus this week as we cover some more February and older Q4 fund updates or letters. Note how any stock … Continue reading
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Emerging Market Links + The Week Ahead (March 20, 2023)
Activist fund managers take note: A stock with an AI CEO appointed last August has outperformed the Hong Kong market. And not only does this AI CEO work 24/7, she (as the article is using the “she” pronoun) earns ZERO … Continue reading
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Standing Strong: Nestle’s Affordable Products Strategy Boosts Emerging Market Growth (FoodNavigator Europe)
Posted in Brands, Frontier / Emerging Market News, Stocks
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MTN Shares Plunge 12% Despite Strong Annuals as Group Cuts SA Business Outlook Due to Power Crisis (IOL)
Posted in Africa, Frontier / Emerging Market News, Stocks
Tagged Africa, South Africa
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The Outlook for Emerging Markets (FT Adviser)
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Latin American Tech Startups Scramble After SVB Collapse (Reuters)
Posted in Frontier / Emerging Market News, Latin America, Startups
Tagged Latin America
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Investors Told Latin American Startups to Bank with SVB. Then It Collapsed (Rest of World)
Posted in Frontier / Emerging Market News, Latin America, Startups
Tagged Latin America
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Silicon Valley Bank ‘Contagion’ May Leave India Unscathed (The Hindu)
Posted in Frontier / Emerging Market News, India, Startups
Tagged Asia, India, South Asia
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Should We Automate the CEO? (theHUSTLE)
Posted in China, Frontier / Emerging Market News, Technology
Tagged Asia, China, East Asia, Hong Kong
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How Google Ruined Financial Writing (And ChatGPT Might Save It)
This post is off-topic (so I was hesitant to email it out – however, its also Friday!😀), but it might interest any reader who consumes or searches for any financial content as I recently had an eye-opening back-and-forth with the owner of a financial … Continue reading
Posted in EMS Analysis, Newsletter, Technology
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EM Fund Stock Picks & Country Commentaries (March 14, 2023)
Emerging market fund stock picks for China, Korea, Southeast Asia, India and Latin America (along with other emerging or frontier market countries) are in focus this week as we cover some February and Q4 fund updates or letters. Despite the … Continue reading
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Africa Oil Corporation | Investor Presentation Poised for Transformational Value Upside (Africa Oil Corporation) PDF File
Posted in Africa, Commodities, Frontier / Emerging Market News, Stocks
Tagged Africa
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Itaú Unibanco Offer for Itaú Corpbanca Minorities; Good Value or Value Trap? (Smart Karma)
Posted in Frontier / Emerging Market News, Latin America, Stocks
Tagged Brazil, Colombia, Latin America
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Buy Union Pacific: A Strategic Play On Manufacturing Nearshoring To Mexico (Seeking Alpha)
Posted in Frontier / Emerging Market News, Latin America, Stocks
Tagged Latin America, Mexico
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Swire Pacific Limited: Another Hong Kong Based SWAN Stock (Seeking Alpha)
Posted in China, Frontier / Emerging Market News, Stocks
Tagged Asia, China, East Asia
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Swire Back To Buying Back – One-Third To Go (Smart Karma)
Posted in China, Frontier / Emerging Market News, Stocks
Tagged Asia, China, East Asia, Hong Kong
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[JD.com (JD US) Target Price Change]: Painful Transition Weighs on Both Topline and Margin (Smart Karma)
Posted in China, Frontier / Emerging Market News, Stocks, Technology
Tagged Asia, China, East Asia
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Emerging Market Links + The Week Ahead (March 13, 2023)
The collapse of Silicon Valley Bank is rippling throughout the world. These Zero Hedge articles, Record Bank Run Drained A Quarter, Or $42BN, Of SVB’s Deposits In Hours, Leaving It With Negative $1BN In Cash and “Expect Mass Layoffs…” – … Continue reading
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Chinese Share Sales in Europe Gain Importance as Financing Tool, UBS Exec Says (CAIXIN)
Posted in China, Frontier / Emerging Market News, Startups, Stocks
Tagged Asia, China, East Asia
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Silicon Valley Bank’s Troubles Threaten a Key Bridge Between Chinese Startups and U.S. Investors (The Information)
Posted in China, Frontier / Emerging Market News, Startups
Tagged Asia, China, East Asia
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SVB’s Debacle is Causing Panic in China’s Startup Industry (Tech Crunch)
Posted in China, Frontier / Emerging Market News, Startups
Tagged Asia, China, East Asia
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China’s Forex Regulator Says Offshore Remittance Policy Remains Unchanged as it Plays Down Kerfuffle Over Mobius’ ‘Can’t Get Money Out’ Claim (SCMP)
Posted in China, Currencies, Frontier / Emerging Market News
Tagged Asia, China, East Asia
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Australia’s Wealth Fund Screens Chinese Firms at Risk of US Bans (Al Jazeera)
Posted in China, Frontier / Emerging Market News, Mutual Funds
Tagged Asia, China, East Asia
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EM Fund Stock Picks & Country Commentaries (March 7, 2023)
A variety of EM fund stock picks from East/North and Southeast Asia, Eastern Europe and Latin America are in focus this week with some highlights being: An Asian restaurant chain stock pick who has created their own restaurant brands (versus … Continue reading
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Emerging Market Links + The Week Ahead (March 6, 2023)
In a recent interview, Mark Mobius says he can’t get his money out of China while the government is taking “golden shares” in companies (in order to control them…). He also noted how foreign investors are “blind investing” in China … Continue reading
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Gruma – LATAM Stocks Investment Analysis #13 (LATAM Stocks Substack)
Posted in Frontier / Emerging Market News, Latin America, Stocks
Tagged Latin America, Mexico
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TWK is Not Your Common or Garden Agricultural Sector Counter (financialmail)
Posted in Africa, Frontier / Emerging Market News, Stocks
Tagged Africa, South Africa
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Oceana Sees Spike in Canned Fish Sales as Customers Seek Cheaper Protein Options (IOL)
Posted in Africa, Frontier / Emerging Market News, Stocks
Tagged Africa, South Africa
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South Africa’s Infrastructure + Societal Collapse (Twitter Thread)
Posted in Africa, Frontier / Emerging Market News, Infrastructure
Tagged Africa, South Africa
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Our Thoughts on Grab’s 2022 Q4 and FY Earnings (Momentum Works)
Posted in Fund Manager News & Research, Southeast Asia, Stocks, Technology
Tagged Asia, SE Asia
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Chris Wood Of Jefferies (MPP Interview) (Off-Piste Investing)
Posted in China, Fund Manager News & Research, India, Technology
Tagged Asia, China, East Asia, India, South Asia, Taiwan
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How Did China Come to Dominate the World of Electric Cars? (MIT Technology Review)
Posted in China, Frontier / Emerging Market News, Startups, Stocks, Technology
Tagged Asia, China, East Asia
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The Tesla Competitor Dominating China’s EV Market | U.S. vs. China (WSJ)
Posted in China, Frontier / Emerging Market News, Stocks, Technology
Tagged Asia, China, East Asia
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As China Reopens, Flight of Wealthy Chinese to Singapore Set to Accelerate (WSJ)
Posted in China, Frontier / Emerging Market News, Southeast Asia
Tagged Asia, China, East Asia, SE Asia, Singapore
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EM Fund Stock Picks & Country Commentaries (February 28, 2023)
EM fund stock picks for China, Taiwan, India, Vietnam, and Latin America are in focus this week (along with other emerging or frontier market countries and regions) as we cover a number of January fund factsheets and updates. It seems … Continue reading
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Emerging Market Links + The Week Ahead (February 27, 2023)
A couple of good China articles, research and charts are worth taking a look at this week as the private sector share of China’s largest listed companies continues to shrink – something investors need to watch. Meanwhile, several major Australian … Continue reading
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Adani stock Rout Leaves Tens of Millions in Australian Retirement Savings Exposed (The Guardian)
Posted in Frontier / Emerging Market News, India, Mutual Funds, Stocks
Tagged Asia, India, South Asia
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Are Fund Manager Meetings a Waste of Time? (Behavioural Investment)
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[Investor Stories] Jonathan Whittle (Quona) on Why and When it Pays to Become a Bank, Parallels to Previous Bust… (Emerging Markets Enthusiast Podcast)
Posted in Frontier / Emerging Market News, Latin America, Technology
Tagged Latin America
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5 Attractive Dividend Stocks From An Emerging Markets Country (Seeking Alpha)
Posted in Frontier / Emerging Market News, Latin America, Stocks
Tagged Brazil, Latin America
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3 Reasons to Allocate to EM Bonds in 2023 (Van Eck)
Posted in Bonds, Fund Manager News & Research
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Nykaa, Maruti, Titan Among 10 Stocks on Morgan Stanley’s Focus List (Mint)
Posted in Frontier / Emerging Market News, India, Stocks
Tagged Asia, India, South Asia
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Making Sense of Delivery Platform Stock Metrics and Financials
Earlier today Asia time, Singapore based Momentum Works had their one hour Apples to Apples: Benchmarking Shopee, Grab, GoTo and other major tech platforms webinar (the page for the accompanied written report is here where you can see some key … Continue reading
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EM Fund Stock Picks & Country Commentaries (February 21, 2023)
This week, an Asia based EM fund manager’s bond and stock picks from their various Asia-focused funds covering China (extensively), Korea, SE Asia, and India are in focus. In addition (for the sake of diversification), this post covers an EMEA … Continue reading
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Emerging Market Links + The Week Ahead (February 20, 2023)
Coming EU laws on ESG disclosures promise to reek havoc on suppliers and global supply chains and “there is no escape” according to Asia based experts. Unless emerging market businesses along with entire countries start pushing back (e.g. simply STOP … Continue reading
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Africa Oil Has Everything I Look For In An Oil Play (Seeking Alpha)
Posted in Commodities, Frontier / Emerging Market News, Stocks
Tagged Africa, Nigeria
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Dr. Reddy’s Laboratories: Positive Q3 Results, Growth Supportive Of Buy (Seeking Alpha)
Posted in Frontier / Emerging Market News, India, Stocks
Tagged Asia, India, South Asia
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4 Reasons Why Foreign Investors Are Selling Indian Stocks (ndtv)
Posted in Frontier / Emerging Market News, India, Stocks
Tagged Asia, India, South Asia
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Deep-dive 2023-3: Boustead Singapore (BOCS SP) (Asian Century Stocks)
Posted in Frontier / Emerging Market News, Southeast Asia, Stocks
Tagged Asia, SE Asia, Singapore
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Bukalapak Deep Dive (Compounding Curiosity Podcast)
Posted in Frontier / Emerging Market News, Southeast Asia, Startups, Stocks, Technology
Tagged Asia, Indonesia, SE Asia
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WEBINAR: Apples to Apples: Benchmarking Shopee, Grab and other major tech platforms (Momentum Academy)
Posted in China, Fund Manager News & Research, Southeast Asia, Startups, Stocks, Technology
Tagged Asia, China, East Asia, Indonesia, Malaysia, SE Asia, Singapore, Thailand, Vietnam
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Climate and Sustainability: How Impending EU Laws on ESG Disclosures Will be a Matter of Survival for Asian Suppliers (SCMP)
Posted in China, Companies, Frontier / Emerging Market News
Tagged Asia, China, East Asia, SE Asia
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JD.com’s Asset-Heavy Model And Logistics Network To Drive Margin Expansion (Seeking Alpha) JD.com, Inc (NASDAQ: JD)
Posted in China, Frontier / Emerging Market News, Stocks, Technology
Tagged Asia, China, East Asia
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Climate Change: Hong Kong to Pay 30 Per Cent More for ESG Jobs as Companies Fight for Talent to Meet Sustainability Targets (SCMP)
Posted in China, Companies, Frontier / Emerging Market News
Tagged Asia, China, East Asia, Hong Kong
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EM Fund Stock Picks & Country Commentaries (February 14, 2023)
EM fund stock picks for China and India are in focus this week (along with a number of other countries and regions) as more Q4 fund updates have dropped while we wait for more January factsheets or updates to become … Continue reading
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Emerging Market Links + The Week Ahead (February 13, 2023)
For China investors, there are a couple of thought provoking research reports covering what could drive its markets in 2023, the country’s existential threat to other emerging market economies, insights from a discussion with the American and European chambers of … Continue reading
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Ashmore Profits Plunge by Half to £53.8m as Spooked Investors Pull Out of Emerging Markets (City A.M.)
Posted in Frontier / Emerging Market News, Stocks
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Enaex – LATAM Stocks Investment Analysis #12 (LATAM Stocks)
Posted in Frontier / Emerging Market News, Latin America, Stocks
Tagged Chile, Latin America
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US Transferring Russian Assets to Ukraine Will Hollow out US Credibility (Global Times)
Posted in Corruption, Currencies, Eastern Europe, Frontier / Emerging Market News, Russia
Tagged Eastern Europe, Russia, Ukraine
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MercadoLibre: High-Quality Exposure To Emerging Markets (Seeking Alpha)
Posted in Frontier / Emerging Market News, Latin America, Stocks, Technology
Tagged Latin America
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TAV, Vinci, CAAP…Strategies to Conquer African Airports (The Africa Report)
Posted in Africa, Frontier / Emerging Market News, Infrastructure, Stocks
Tagged Africa
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BT EXCLUSIVE: Why Mark Mobius is Not Interested in Adani Group Stocks (BT)
Posted in Corruption, Frontier / Emerging Market News, India, Stocks
Tagged Asia, India, South Asia
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The Adani Cloud Over India (Aljazera)
Posted in Corruption, Frontier / Emerging Market News, India, Stocks
Tagged Asia, India, South Asia
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Two Wall Street Powerhouses Hit by the Fall of Billionaire Adani’s Empire (The Street)
Posted in Corruption, Frontier / Emerging Market News, India, Stocks
Tagged Asia, India, South Asia
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2023 Southeast Asia Internet Report (Asian Partners)
Posted in Fund Manager News & Research, Southeast Asia, Startups, Stocks, Technology
Tagged Asia, SE Asia
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EM Fund Stock Picks & Country Commentaries (February 7, 2023)
EM fund stock picks for China, Korea, Taiwan, and Brazil are in focus this week (among other countries and regions) as more Q4 fund updates have dropped. However, one emerging market fund has observed how the entire emerging markets universe … Continue reading
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Emerging Market Links + The Week Ahead (February 6, 2023)
2023 Chinese New Year festivities ended yesterday with the 15th day or Chap Goh Meh as wealthy PRC citizens continue to move themselves and their wealth to Singapore (“At least when I’m here, I know my money is mine…”) where … Continue reading
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