Writing about Companies with an Unfair Advantage, Unfair Advantage

Unfair Advantage

Writing about Companies with an Unfair Advantage

I write about companies that have an unfair advantage. I might invest in them as well.

Thematic (Sector/Industry)

<ul><li>Almost everyone is burnt by China over the last 5 years.</li><li>HangSeng Index is down 10% from 2020 to 2026. The effects of the government crackdown on tech, slowing growth and real-estate meltdown continues to sour investor sentiment to this day.</li><li>Today you can buy their biggest e-retailer for a $1 which has 56 cents net cash in their bank. <strong>You would be paying 44 cents for 21 cents of earnings this year.</strong></li></ul>

Almost everyone is burnt by China over the last 5 years.HangSeng Index is down 10% from 2020 to 2026. The effects of the government crackdown on tech, slowing growth and real-estate meltdown continues to sour investor sentiment to this day.Today you can buy their biggest e-retailer for a $1 which has 56 cents net cash in their bank. You would be paying 44 cents for 21 cents of earnings this year.

The China Pessimism Continues - And Their Largest E-Retailer Is Trading Almost at Net-Cash...

Independent Investment Research, The IDEA!

The IDEA!

Independent Investment Research

The Idea-Driven Equities Analyses company (the IDEA!) is an employee-owned boutique providing independent investment research and financial consultancy services with a clear focus on the Benelux countries. The company was founded in the summer of 2007 by Henk Slotboom and Maarten Verbeek, both with more than 35 years of professional experience in the financial sector. The IDEA! differentiates itself by focusing on adding value through self-initiated in-depth, idea-driven investment research, as well as by bespoke research assignments for institutional investors, hedge funds and private equity. In addition, we provide market intelligence, strategic research and – together with our business partners – consultancy services to businesses. In case you are interested in receiving more information, a sample of our products or an introductory meeting, please send a message to info@theidea.nl.

<ul>
<li>Ahold Delhaize | Albert Heijn Belgium did not violate the law Albert Heijn did not breach competition or consumer protection laws with its high-profile ‘2+5’ discount promotions, according to an investigation ordered by Belgian Consumer Protection Minister Rob Beenders.</li>
<li>The probe found no evidence of selling below cost or misleading promotions despite complaints about empty shelves and unclear conditions.</li>
<li>Authorities will continue monitoring pricing strategies to ensure transparency and prevent cross-subsidization through price increases on other products.</li>
</ul>


Ahold Delhaize | Albert Heijn Belgium did not violate the law Albert Heijn did not breach competition or consumer protection laws with its high-profile ‘2+5’ discount promotions, according to an investigation ordered by Belgian Consumer Protection Minister Rob Beenders.
The probe found no evidence of selling below cost or misleading promotions despite complaints about empty shelves and unclear conditions.
Authorities will continue monitoring pricing strategies to ensure transparency and prevent cross-subsidization through price increases on other products.


Asia Real Estate News Tracker, Asia Real Estate Tracker

Asia Real Estate Tracker

Asia Real Estate News Tracker

Tracking developments across Asia's regional real estate markets

<ul><li>GDS' DayOne is selecting banks for a significant $5 billion IPO in the U.S. market soon.</li><li>Nuveen's acquisition of Schroders for $13.5 billion creates a massive asset management firm valued at $2.5 trillion.</li><li>Lendlease CEO Tony Lombardo has resigned, while other firms engage in notable real estate and investment deals.</li></ul>

GDS' DayOne is selecting banks for a significant $5 billion IPO in the U.S. market soon.Nuveen's acquisition of Schroders for $13.5 billion creates a massive asset management firm valued at $2.5 trillion.Lendlease CEO Tony Lombardo has resigned, while other firms engage in notable real estate and investment deals.

Asia Real Estate Tracker (13-Feb-2026): GDS to choose banks for $5B US IPO and real estate news.

<ul><li>Centuria has successfully acquired the Victoria Shopping Centre for a total of $61 million.</li><li>Temasek and Khazanah are listing a Marina Bay office tower for sale at a price of $4.8 billion.</li><li>Former Vanke Chairman Yu Liang has been reported missing, creating a stir in APAC real estate news.</li></ul>

Centuria has successfully acquired the Victoria Shopping Centre for a total of $61 million.Temasek and Khazanah are listing a Marina Bay office tower for sale at a price of $4.8 billion.Former Vanke Chairman Yu Liang has been reported missing, creating a stir in APAC real estate news.

Asia Real Estate Tracker (29-Jan-2026): Centuria buys Victoria Shopping Centre for $61M.

<ul><li>Emperor has sold luxury villas on Shouson Hill, Hong Kong, at a notable 44% discount.</li><li>JD is pursuing a buyout of Deppon Logistics in Shanghai, offering a substantial 35% premium.</li><li>Thailand has approved the SC Zeus Project, part of a $3.1 billion investment in data centers.</li></ul>

Emperor has sold luxury villas on Shouson Hill, Hong Kong, at a notable 44% discount.JD is pursuing a buyout of Deppon Logistics in Shanghai, offering a substantial 35% premium.Thailand has approved the SC Zeus Project, part of a $3.1 billion investment in data centers.

Asia Real Estate Tracker (19-Jan-2026): APAC Real Estate News: Notable People Updates.

China

JD.com Inc is an online direct sales company in China.  The Company offers a wide selection of products through its website and mobile applications.  JD.com sells appliances, computers, digital products, communication products, garments, books, and household items to consumers and vendors.

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JD.com (ADR) (JD US)

The China Pessimism Continues - And Their Largest E-Retailer Is Trading Almost at Net-Cash...

HangSeng Index is down 10% from 2020 to 2026. The effects of the government crackdown on tech, slowing growth and real-estate meltdown continues to...

Unfair Advantage

What's News in Amsterdam

Albert Heijn Belgium did not violate the law Albert Heijn did not breach competition or consumer protection laws with its high-profile ‘2+5’...

The IDEA!

Asia Real Estate Tracker (13-Feb-2026): GDS to choose banks for $5B US IPO and real estate news.

GDS' DayOne is planning a $5B IPO, Nuveen acquired Schroders for $13.5B, Lendlease's CEO resigned, and various real estate and investment deals are...

Asia Real Estate Tracker

Asia Real Estate Tracker (29-Jan-2026): Centuria buys Victoria Shopping Centre for $61M.

Centuria acquired Victoria Shopping Centre for $61M, while Temasek and Khazanah list a $4.8B Marina Bay tower; Digital Edge invests $4.5B in...

Asia Real Estate Tracker

Asia Real Estate Tracker (19-Jan-2026): APAC Real Estate News: Notable People Updates.

On January 19, 2026, APAC Real Estate news highlights major transactions, including luxury villa sales in Hong Kong, JD's buyout of Deppon, and new...

Asia Real Estate Tracker

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