On counting our blessings and tech start-up investing

Counting our blessings One day in San Francisco, a rare taxi trip took an interesting turn. If I had not spoken to the cab driver, a Russian man, I would not have heard his captivating story. He was one of many who were attracted to the idea of moving to America, the land of opportunity.. Read More

Opportunity amidst volatility

Recently, the Indonesian seed maker BISI International (BISI), faced headwinds due to weather disruptions. With inadequate production and inventory levels, the company had little inventory to sell, almost entirely erasing net profit during the first half of 2018. Consequently, the stock price declined following the earnings result announcement. “In the short run, the market is. Read More

New Retail in China

Here at Heyokha, we spend a lot of time analyzing Chinese tech and ecommerce opportunities, and most recently have focused on the disruption of the brick-and-mortar retail space by Chinese tech giants. They have been driving innovation and vertical integration in the retail space. So, when we recently had a chance to visit Chengdu and. Read More

Seven Days in Tibet: Tech and Spirituality in the Roof of the world

On a recent trip to Tibet, Heyokha team had the opportunity to see how things are in one of China’s most remote and desolated areas. It turned out reality was quite different from what we were expecting. Hidden on the highest plateau in the world, Tibet is known as being the home of golden monasteries. Read More

Indonesian agriculture data: is the incremental real?

Recently, both the Indonesian Ministry of Agriculture and the Jakarta office of the US Department of Agriculture (USDA) reported on corn production and harvested area. While the numbers always show some differences due to the use of different methodologies, this time the gap widened significantly. Corn harvested area 2014-2017: MoA vs. USDA data Looking at. Read More

A life lesson from a laundry lady

By Wuddy Warsono Okay, by now I had fully accepted that I would be spending Chinese New Year’s Eve alone, in my hospital room in New York. Since this was my first time doing so, I was tempted to read some tips on how to deal with New Year blues. Admittedly, I typed “How do. Read More

The Alchemy of Gold

Reading The New Case for Gold, we came across one very interesting chapter where the author James Rickards discussed a BBC interview with Andrea Sella, a professor of chemistry at University College London. Prof Sella provided an in-depth review of the periodic table of the elements to explain why gold, among all the atomic structures. Read More

Digital drugs and teens, lessons from remote areas

In our 1Q 2017 report, we discussed how tech companies design their products to activate pleasure centres in our brain so that we get hooked. Digital drugs, so to speak. While we worried about people’s loss of creativity and inability to do “deep work” as a consequence of these addictive and distracting products, it seems. Read More

Job data signals improving conditions for Indonesian farmers

In our reports, we have been arguing that one area that’s less prone to digital disruption is the farming sector. In one of our key markets, Indonesia, the digital revolution has actually helped the sector rather than disrupting it. With farmers having better access to information about prices of rice, corn, and chilli for example,. Read More

The Mystery of Farmers’ Term of Trade

According to the critics, a decline in terms of trade would indicate that farmers’ economic position is deteriorating and thus that the reform program is ineffective. While such conclusion might be an intuitive one, it’s not necessarily the right one. This is because the terms of trade as calculated by the Indonesian Statistics Agency BPS. Read More

About Our Blog

This blog covers observations made by our team. It can touch on any subject that we deem relevant for investors in Asean markets.