Company Overview - Live Ventures Incorporated is a diversified holding company focused on value-oriented acquisitions of domestic middle-market companies [2] - The company's acquisition strategy is sector agnostic, targeting well-run, closely held businesses with a proven track record of earnings growth and cash flow generation [2] - Live Ventures aims to partner with management teams of acquired businesses to enhance stockholder value through a disciplined buy-build-hold long-term strategy [2] - Founded in 1968, the company was refocused into a diversified holding company in 2011 under the leadership of CEO Jon Isaac [2] - The current portfolio includes subsidiaries in the textile, flooring, tools, steel, and entertainment industries [2] Upcoming Financial Results - Live Ventures will release its financial results for the fiscal third quarter ended June 30, 2025, before the market opens on August 7, 2025 [1] - A conference call to discuss the results is scheduled for August 7, 2025, at 2:00 p.m. Pacific Daylight Time (5:00 p.m. Eastern Daylight Time) [1] - Investors can access a recording of the discussion on the company's Investor Relations page after the call [1]

Investment Rating - The report indicates a preference for A-shares over offshore markets due to their lagging performance year-to-date and more reasonable valuations compared to offshore markets [12]. Core Insights - Investor sentiment for A-shares has improved, with the weighted Morgan Stanley A-share Sentiment Indicator (MSASI) rising to 78% and the simple MSASI to 65% [2][6]. - The Chinese government has intensified its anti-involution message to address overcapacity issues in sectors like solar, lithium batteries, new energy vehicles, and e-commerce [4]. - Despite the positive sentiment, near-term volatility is expected to rise, and the report cautions against a beta-focused strategy in the offshore market [12]. Summary by Sections Investor Sentiment - A-share investor sentiment improved with the weighted MSASI increasing by 7 percentage points to 78% and the simple MSASI rising by 8 percentage points to 65% compared to the previous cutoff date [2]. - Average daily turnover for ChiNext and A-shares decreased by 11% and 7% respectively, while equity futures and Northbound turnover increased by 7% and 9% [2]. Market Inflows - Southbound markets experienced net inflows of US$2.7 billion from July 2 to July 9, with year-to-date and month-to-date net inflows reaching US$95.8 billion and US$0.5 billion respectively [3]. Economic Indicators - The Producer Price Index (PPI) showed a deflation of -0.4% month-over-month in June, driven by weak construction activities and tariff impacts, while the Consumer Price Index (CPI) rose to 0.1% year-over-year from -0.1% in May [5]. Policy Implications - The report emphasizes the need for a tailored approach to the anti-involution initiative, as different sectors have varying competitive landscapes, ESG considerations, and market sizes [4]. - The implementation of policies to rebalance and reflation the economy remains challenging due to institutional inertia [5].

Industry Focus & Design Philosophy - The speaker emphasizes the rich Indian traditional textile culture and its potential for exposure through designing garments for deities [1] - The speaker initially sought recognition by designing for Bollywood celebrities, cricketers, and sports personalities [2] - The speaker highlights a shift in focus towards cultural preservation and employment generation within the handloom and Khadi sectors [3] - The speaker advocates for the use of handloom and Khadi in the deity's garments [5] Career Trajectory & Purpose - The speaker initially aimed for financial success, aspiring to build a business worth billions of rupees (100 crore, 500 crore, 1000 crore, 5000 crore) [3] - A turning point occurred during a flight conversation, prompting a reflection on life's purpose beyond monetary gains [2][3] - The speaker's purpose evolved into contributing to culture, handlooms, and Khadi [3] - The speaker started an initiative "शहर से गाँव तक" (From City to Village) during the COVID-19 pandemic to create employment opportunities in rural areas [5] Social Impact & Future Goals - During COVID, the speaker provided employment to approximately 7,000 women in around 85 villages across 5 states by producing masks [5] - The speaker is currently working on "ध्वज प्रोजेक्ट" (Dhwaj Project), aiming to create sustainable employment for 100,000 (1 lakh) rural women [5]

A temporary halt in US tariffs which ends in 10 days has brought little relief to Lesotho’s textile industry, as orders from its top export market have dried up and resulted in shuttered factories and a wave of layoffs https://t.co/i48tbTWjbE ...