Application-based ride-hailing companies in Southeast Asia face fluid and uncertain regulatory conditions that eventually could constrain their operations, suggesting companies most able to leverage their technology and customer and driver base to establish complementary revenue streams will be best positioned in the face of any regulatory setbacks. [Read more…] about Evolving Regulatory Stance Toward Internet Ride-hailing Companies Poses Challenges
The following analysis is a relative valuation of five logistics companies listed on the Philippine Stock Exchange (PSE) and categorized under the “transportation services” subsector. We do not hold any individual positions in these or any other companies that trade on the PSE, but we do hold a position in the iShares MSCI Philippines ETF (EPHE), which we intend to hold for more than one year.
The world’s largest shipping companies recently consolidated their global alliances from four networks to three, which will result in more cargo being shipped to transshipment ports—intermediary stops where cargo is loaded on different vessels for shipment to their destination—and fewer point-to-point services. [Read more…] about Consolidation in Global Shipping Alliances Creates Opportunities for Regional Shipping Firms
*The following analysis is based on a review of Harbor Star’s annual reports and press reports. We have not previously analyzed this company and do not hold any positions in its stock. This assessment does not consider any information provided in Harbor Star’s most recent quarterly report, which was released on 15 May 2017. Readers should not make any [Read more…] about Harbor Star Shipping Services Valuation
Recent statement from senior Philippine government officials suggest elements of President Rodrigo Duterte’s administration are attempting to advance its economic agenda, particularly its ambitious infrastructure plan, and have identified and secured funding. [Read more…] about Recent Statements Suggest Philippine Officials Looking To Advance Economic Agenda