21 Nov 2021 | Value Investing Substack NEWS
Barisan Nasional clinches victory in Malaysian state election, Sea Ltd Part 4 analysis, Warren Buffett pockets $16 million in Paytm IPO, IOC holds video call with Peng Shuai
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Stock Markets:
Warren Buffett pockets $16 million in Paytm IPO (India - Fintech)
Redfin Predicts a More Balanced Housing Market in 2022 (US - Real Estate)
Malaysia’s Mr. DIY Opens First Store In Europe (Malaysia - Retail)
Jollibee drinks up Taiwanese bubble tea shop Milkshop as it ramps up acquisitions to fulfil global ambitions (Philippines - Retail)
Jollibee owns a variety of restaurant chains including Hong Kong dim sum chain Tim Ho Wan and the Dunkin’ Donuts franchise in China
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ASEAN:
Sinovac vaccine recipients currently make up some 84 percent of the serious breakthrough Covid-19 cases treated at Hospital Sungai Buloh.
In Malaysia, Najib Razak’s comeback hopes gain steam as rivals falter in Malacca state polls (Malaysia)
The prime minister has a standing agreement with the opposition to avoid polls until at least next July as part of a deal to cool temperatures following unprecedented political turmoil earlier this year.
But the performance of Umno – Malaysia’s oldest political party – against Pakatan Harapan and Perikatan Nasional is likely to trigger a rethink of that deal. Analysts suggested the result showed that whatever antipathy voters had towards Umno in the 2018 poll may be dissipating.
The path to the prime ministership for Najib is not straightforward, as it would require several developments to take place in concert: prosecutors will have to drop charges against him, or if they had already been convicted by the time polls are called, the appeals process must be exhausted. Another scenario is that he receives a royal pardon for the various charges he is facing.
News & Others:
IOC President and IOC Athletes’ Commission Chair hold video call with Peng Shuai
A summary and analysis of what happened to Peng Shuai and how CCP propaganda is managing the case (Reddit)