APAC Roundup
Nittobo, Johor, Vietnam, and a new assignment.
Dear readers,
We are now at 190 paid subscribers, having spent the last two days growing the readership here in Singapore. We have added another FO and some veterans of 1990s stockbroking. For those unfamiliar with the second crowd, they are looking for ideas to roll their Palantir and Quantum gains into…
Recent APAC news that caught our eye:
Nitto Boseki -0.7%
Nikkei Asia gave Nittobo some mainstream coverage yesterday (Nikkei).
The pop was short lived as concerns about Nittobo’s role in the Nvidia Rubin supply chain resurfaced today. (Jukan)
As one of our readers pointed out, this is old chatter which likely explains Nittobo’s drop from 15k yen since 20 November.
At some point, Nittobo’s share price becomes attractive again. (Asymmetric Opps)
We have parked this in the watchlist for now, preferring drill bit companies, because everyone can agree that the PCBs are going to be more difficult to drill, causing drill bit demand to go up.
Wasion Holdings -0.4%
BBG saying out loud what Asia has known for a while - there is uncertainty over how the US will respond to the loophole that allows Chinese companies to train models by buying compute outside China (notably Johor). Last five paragraphs is a good summary. So far it seems the market is unconcerned. (BBG)
Investigative journalism in Vietnam
Nikkei Asia doing great work investigating Chinese transshipment through Vietnam. (Nikkei)
New company of interest
We have been asked to dig into another company headquartered in Singapore.
Surprisingly, despite recent news and PR about significant inroads being made with new customers in a growing market, there has been very little discussion online and a rather muted reaction from the market.