4 January, 2023

ACCOUNTING INSIGHTS

A-Share frauds, SBI short-seller, Trek 2000, Iconix

Gillem Tulloch

gillem-tulloch valiant-varriors amethystum-storage-technology-co-ltd-688086-ch essence-information-technology-co-ltd-688555-ch shenzhen-hans-cnc-technology-co-ltd-301200-ch chongqing-hongjiu-fruit-co-ltd-6689-hk guizhou-zhenhua-fengguang-semiconductor-co-ltd-688439-ch sbi-holdings-inc-8473-jp trek-2000-international-ltd-trek-sp iconix-brand-group-inc-icon-us shaanxi-huaqin-technology-industry-co-ltd-688281-ch

Insights

NEWSLETTER: GDS HOLDINGS

Do Data Centres Earn Their Keep?

GDS Holdings is a reminder that an appealing industry can struggle to generate an appealing return. Data centres are one of the market’s favourite infrastructure themes: cloud demand, artificial intelligence, digitalisation, outsourcing, and the endless growth in data consumption all point in the same direction. On paper, that sounds like a very attractive place to be. The question, though, is...

1 December, 2023

NEWSLETTER: EVERGRANDE (3333 HK)

Never profitable

Fredrik Oeqvist

Evergrande’s much delayed and recently published 2021 annual report makes clear that it significantly overstated revenue and earnings – most likely for many years. Contrary to what some people think, Evergrande was not so much a victim of tightened liquidity or a COVID-induced property market downturn; its problems were far more fundamental – there were never any profits....