Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

Activist and value investor David Webb has the uncanny ability to move stocks.
So much so, after a decade of picking a Xmas stock he liked - and was suitably invested - he abandoned the practice in <a href="https://webb-site.com/articles/pick2009.asp" target="_blank" rel="noopener">December 2009</a>. But not before his stock picks had out-performed the index by 552.8% in the preceding 10 years.
Webb's endorsement of stock, via announcing a substantial interest under Hong Kong Stock Exchange guidelines - i.e. ≥  5% of shares out - still carries significant weight today.
Most recently, he cleared 5% in <a href="https://www.smartkarma.com/entities/analogue-holdings-ltd" target="_blank" data-smartkarma-citation="entities:28661:1" rel="noopener">Analogue Holdings Ltd (1977 HK)</a> on the <a href="https://di.hkex.com.hk/di/NSForm1.aspx?fn=IS20201023E00391&amp;sa2=ns&amp;sid=246673&amp;corpn=Analogue+Holdings+Ltd.&amp;sd=10%2f06%2f2020&amp;ed=10%2f06%2f2021&amp;cid=0&amp;sa1=cl&amp;scsd=10%2f06%2f2020&amp;sced=10%2f06%2f2021&amp;sc=1977&amp;src=MAIN&amp;lang=EN&amp;" target="_blank" rel="noopener">20 October 2020</a>, and currently holds 7.01% as at <a href="https://di.hkex.com.hk/di/NSForm1.aspx?fn=IS20210520E00305&amp;sa2=ns&amp;sid=246673&amp;corpn=Analogue+Holdings+Ltd.&amp;sd=10%2f06%2f2020&amp;ed=10%2f06%2f2021&amp;cid=0&amp;sa1=cl&amp;scsd=10%2f06%2f2020&amp;sced=10%2f06%2f2021&amp;sc=1977&amp;src=MAIN&amp;lang=EN&amp;" target="_blank" rel="noopener">14 May</a>. I looked at the company in <a href="https://skr.ma/7H7sE" target="_blank" rel="noopener">Analogue Holdings (1977 HK): Lift-Off!</a>. Despite the share price run-up (+88%), no doubt largely pivoting off Webb's interest, the stock still looks cheap. 
According to the HKEx, Webb <a href="https://di.hkex.com.hk/di/NSSrchPersonList.aspx?sa1=pl&amp;scsd=21/06/2017&amp;sced=21/06/2021&amp;pn=webb&amp;src=MAIN&amp;lang=EN&amp;g_lang=en" target="_blank" rel="noopener">holds</a> another 21 stocks with a 5% interest or more. 
This insight takes a look at those stocks and analyses how long the "Webb-halo of outperformance" persists.

Activist and value investor David Webb has the uncanny ability to move stocks.
So much so, after a decade of picking a Xmas stock he liked - and was suitably invested - he abandoned the practice in December 2009. But not before his stock picks had out-performed the index by 552.8% in the preceding 10 years.
Webb's endorsement of stock, via announcing a substantial interest under Hong Kong Stock Exchange guidelines - i.e. ≥  5% of shares out - still carries significant weight today.
Most recently, he cleared 5% in Analogue Holdings Ltd (1977 HK) on the 20 October 2020, and currently holds 7.01% as at 14 May. I looked at the company in Analogue Holdings (1977 HK): Lift-Off!. Despite the share price run-up (+88%), no doubt largely pivoting off Webb's interest, the stock still looks cheap. 
According to the HKEx, Webb holds another 21 stocks with a 5% interest or more. 
This insight takes a look at those stocks and analyses how long the "Webb-halo of outperformance" persists. 

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

Belle International Holdings / Equity Bottom-Up

<ul><li class="p1">Belle International is China’s leading brick-and-mortar footwear and sportswear retailer, with 20,557 stores as of February 2015.</li><li class="p1">Belle expects net profit in fiscal 2016 to decrease by approximately 35%-45% year over year, significantly lower than both our expectations and the consensus.</li><li class="p1">We believe management needs to come up with a sound strategy to combat foreign and online competition and the weakening position of department stores as distribution channels.</li></ul>Analyst: Chelsey Tam

Belle International is China’s leading brick-and-mortar footwear and sportswear retailer, with 20,557 stores as of February 2015.Belle expects net profit in fiscal 2016 to decrease by approximately 35%-45% year over year, significantly lower than both our expectations and the consensus.We believe management needs to come up with a sound strategy to combat foreign and online competition and the weakening position of department stores as distribution channels.Analyst: Chelsey Tam

Belle's FVE Under Review After Profit Warning

Hong Kong

Kingmaker Footwear Holdings Limited, through its subsidiaries, manufactures, trades, and distributes shoes. The Company also trades and distributes sportswear and sport shoes.

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Kingmaker Footwear Holdings (1170 HK)

David Webb's Greatest Hits

The sweet spot, on a relative basis, is to remain invested up to around six months after Webb has declared his 5%+ holding. Beyond that, the...

David Blennerhassett

Belle's FVE Under Review After Profit Warning

Belle International is China’s leading brick-and-mortar footwear and sportswear retailer, with 20,557 stores as of February 2015. Belle expects...

Morningstar, Inc.

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