Pyramids and Pagodas

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As predicted, TCL Electronics (1070.HK) wows with 2023 results and continues push into high-end products
Sales up in lucrative large TV segment, with supplementary income streams showing healthy growth
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Pyramids and Pagodas
2

March 2024

Pax Global (0327.HK) 2023 results disappoint but show promise in some areas
Shares flat despite revenue and profit miss, while margins land at the top-end of guidance with management seeking to return more value to shareholders
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Pyramids and Pagodas
TCL Electronics (1070.HK) – a rising star in the TV business
Vertical integration and surging emerging market sales have allowed the Hong Kong-listed manufacturer to leapfrog established Korean and Japanese rivals…
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Pyramids and Pagodas
1
Plover Bay Technologies' (1523.HK) 2023 results show solid earnings trajectory
Shares up 13% despite moderate revenue growth, while profits surge. Stock's strength lies in consistent dividends, growing recurring revenues, and niche…
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Pyramids and Pagodas
4

February 2024

Ep 6. Finding opportunities in crisis – Interview with veteran emerging and frontier market investor, Michael McGaughy
In search of companies trading at generational lows, Michael scours some of the world's most volatile markets and outperform major emerging and frontier…
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Pyramids and Pagodas
45:46
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Interview with Alex Chan, Founder and Chairman of Plover Bay Technologies (1523.HK)
An Asian home-grown success story sits down to tell us how he scaled from humble beginnings to a global business serving the needs of our increasingly…
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Pyramids and Pagodas

December 2023

Dada Nexus (DADA.OQ) – Leading Chinese on-demand retail platform accelerates on significant runway
A JD.com subsidiary with growing economies of scale, unlocking growth potential at distressed valuations
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Pyramids and Pagodas
4
Roving around Riyadh – A look into a kingdom forging its future through reform (Part 2)
Work trip to Saudi Arabia sheds light on reform progress, geopolitical shifts, and consumer habits.
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Pyramids and Pagodas
Roving around Riyadh – A look into a kingdom forging its future through reform (Part 1)
Work trip to Saudi Arabia sheds light on reform progress, geopolitical shifts, and consumer habits.
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Pyramids and Pagodas
1

October 2023

Rusal (RUAL.MM; 0486.HK) – Aluminium steels itself against challenging conditions
Navigating short-term headwinds and leveraging greener production for future opportunities
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Pyramids and Pagodas

September 2023

Russia Trip Report – Economic insights and other titbits (Part 4)
Tales from the supermarket aisles: import substitution, the cashless economy and accessing Russian equities as a foreigner
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Pyramids and Pagodas
2
Russia Trip Report – Economic insights and other titbits (Part 3)
Major western retailers and fast-food chains head for the exits while local brands step in
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Pyramids and Pagodas
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