Asia Private Equity Weekly News, July 29, 2013
MALAYSIA’S STATE pension fund will invest half a billion euros ($660 million) in industrial property in Germany and office space in France, according to sources familiar with the deals, signalling growing appetite for high-yielding property assets as Europe’s main economies show signs of recovery.
MEIJI YASUDA Life Insurance Co said it has agreed to buy a 15 percent stake in Thai Life Insurance Co as Japanese insurers step up their presence in Southeast Asia.
CHINA’S $500 billion sovereign wealth fund, China Investment Corp, returned to profit growth in 2012, citing growing traction in the global recovery at the end of the year and a steady improvement in risk asset prices.
Posted by admin on July 31, 2013
Toyota President Delivers Highest Returns for Lowest Pay
Toyota Motor Corp. (7203) made its name on the value and efficiency of its cars. Its chief executive is earning a similar reputation for his compensation.
While the company generated the highest return last year among the world’s five biggest automakers by sales, President Akio Toyoda, 57, is the lowest-paid chief of the group, earning less than one-tenth as much as his best-compensated counterpart.
Toyoda has led a profit revival since taking control in June 2009, just after the global recession and the surging yen helped spur the automaker’s first annual loss in 59 years. Toyoda, the founder’s grandson, helped the company recover from Japan’s earthquake and tsunami and a recall of millions of cars.
Posted by admin on June 25, 2013
China builds world’s fastest supercomputer
Chinese scientists announced Monday that China has once again built the world’s fastest supercomputer, capable of performing 33.86 quadrillion operations per second, surpassing the US Titan supercomputer.
The Tianhe-2, or Milkyway-2, has a peak performance speed of 54.9 quadrillion operations per second, according to the National University of Defense Technology, which built the computer.
This is the second time China has made it to the first place in the Top 500 list of the world’s most powerful supercomputers. Tianhe-2′s predecessor, Tianhe-1A, was the world’s fastest supercomputer from November 2010 to June 2011, when it was surpassed by Japan’s K computer.
Matching home-grown Feiteng-1500 CPUs as well as Intel Xeon and Xeon Phi processors, Tianhe-2 was almost twice as fast as the second computer, Titan, which is capable of running at 17.6 quadrillion operations per second.
Posted by admin on June 18, 2013
REITS in Hong Kong, Singapore Lose Their Allure
Hong Kong and Singapore have seen a spate of initial public offerings by trusts playing on investors’ desire for two elements in recent months: yield and hard assets.
But a recent selloff in real-estate investment trusts in both cities hints at the fading allure of dividend-paying stocks, as concerns that the U.S. Federal Reserve may soon scale back its stimulus moves have driven up Treasury yields and rattled investors around the world. The drop in REITs also comes as investors fear that property prices could decline in Hong Kong and Singapore.
Posted by admin on June 17, 2013
The Role of the New Generation of China Amidst China’s Expanding Global Influence
China has made an extraordinary journey along the road back to greatness. Hundreds of millions have been lifted out of poverty, hundreds of millions more have joined the new middle class. It is on the verge of reclaiming what it sees as its rightful position in the world. China’s global influence is expanding and within a decade its economy is expected to overtake America’s. The new head of the country, Xi Jinping, has evoked that rise promoting the “Chinese dream” evoking its American equivalent. Mr Xi’s priority will be to keep the economy growing and that means opening up China even more. What will be the role of the Chinese new generation? Will nationalism interfere with the rhetoric of the resurgent nation? Will corruption and official excess be curbed? Will the constitution become more powerful than the party?
Posted by Innovator on June 5, 2013
The Future of Real Estate Investing Amidst Rising Prices
China’s own brand of a housing bubble has Beijing chasing its tail and struggling to catch it. Recently, rising prices led the government to introduce market-cooling measures and tighten its grip on the real estate sector, raising taxes by as much as 20% for transactions. The tax was first introduced in Beijing. But in a lot of smaller cities those measures were never as strict as in Beijing because local authorities wanted to protect the property market to ensure fiscal revenues.
Investors are watching the real estate market closely; if prices continue to rise it will put pressure on the economy as the government would be required to put restrictions on lending. Is this the beginning of a wave of distressed real estate investing? What types of developments will be the next big opportunities?
Posted by Innovator on June 3, 2013
Hon Hai Courting New Customers as Apple Competition Swells
Todd Haselton from TechnoBuffalo reports that Hon Hai (Foxconn) took a hit during the first quarter of this year when sales of Apple’s iPhone dropped off a bit compared to the first and fourth quarters of last year. At the time, it appeared that Hon Hai, a firm that manufacturers Apple’s products, was relying too much on the company. It turns out that’s actually the case and the company recently went on the record stating that it’s trying to court new customers in order to increase its profit margins, especially during slow quarters when Apple isn’t ramping up production of new products.
Posted by Innovator on May 28, 2013
China’s factories ran at their slowest rate for 39 months in August while a double-digit rise in fixed asset investment showed that infrastructure spending remained key to economic growth.
Industrial output growth slowed to 8.9 percent year on year, the weakest since May 2009 and below market forecasts of a 9.1 percent rise, data from China’s National Bureau of Statistics (NBS) showed on Sunday.
Fixed asset investment, which accounted for half of China’s net economic growth in the first-half of 2012, grew 20.2 percent between January and August compared to the year earlier period, a touch below expectations for a 20.4 percent expansion.
Retail sales rose 13.2 percent last month from a year ago, in line with forecasts in a Reuters poll, though the trend of spending so far in 2012 has been tracking slightly lower.
The data is likely to reinforce market expectations that China will further adjust policies soon to lift an economy mired in its softest period of growth in three years.
Posted by byu2012 on September 12, 2012