Asia focused research insights & advisory, Asia Advisors

Vinay Patel

Asia focused research insights & advisory

Asia Advisors

Asia Advisors is an independent financial advisory and research firm working closely with corporates and institutions to provide consulting solutions & research insights. We provide advisory services including capital solutions, business strategy and investment insights.
Firm is headed by Vinay Patel who has close to two decades of experience in research and business development at large, international investment banks such as HSBC and ICICI Securities. Led research efforts in areas of Macroeconomics, Asset Allocation & Investment Strategy for close to a decade in global & domestic research teams. As a business head in Singapore, advised top global investment management firms & Portfolio managers in Asia for India related investments.
Vinay was recently joined by Swapnil Manish, an investment banker and ex-ecommerce entrepreneur with more than 12 years of experience. Swapnil was the TMT banker at BNP Paribas and was part of several large M&A and ECM transactions (Bharti-Zain, Bharti Infratel IPO, Schneider-Zicom among several others). He's also had a stint as an ecommerce entrepreneur having launched & led Mumbai's first online grocery player.

Thematic (Sector/Industry)

The Indian Government has taken a significant step in curbing the parallel economy by removing Rs500 and Rs1000 notes from circulation and plans to replace it with new notes. People having high-value notes will need to deposit it in a bank and exchange it for new notes until end December'16 ( and in the process, any large volume of cash deposits if undertaken will attract the tax authorities). High-value currency notes have always served as convenient storage points of undeclared and/or illegal…

The Indian Government has taken a significant step in curbing the parallel economy by removing Rs500 and Rs1000 notes from circulation and plans to replace it with new notes. People having high-value notes will need to deposit it in a bank and exchange it for new notes until end December'16 ( and in the process, any large volume of cash deposits if undertaken will attract the tax authorities). High-value currency notes have always served as convenient storage points of undeclared and/or illegal…

Demonetisation in India: High-Value Currency De-Notified; Con.Discretionary to Slow; Rate Cut Likely

Differentiated global TMT & Internet Research

New Street Research Insights

New Street Research

Research is provided by our team of experienced analysts. Our work is idea driven, based on independence of thought, sector expertise, and firmly focused on fundamentals and valuation of telecoms and internet names globally. New Street is headquartered in London with offices in New York, Singapore and Australia. 

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
US Healthcare
Japanese Healthcare

We also provide debt research on:
Pan European Telecom Services and Cable

Equity Bottom-Up

A few days ago we wrote about <a href="https://www.smartkarma.com/entities/21085" target="_blank" data-smartkarma-citation="entities:21085:1">Naspers Ltd (NPN SJ)</a>  crystallizing value with the sale of its Polish eCommerce business for $3.25bn. The ink was barely dry before another deal was announced: this time from listed Indian online travel company <a href="https://www.smartkarma.com/entities/23580" target="_blank" data-smartkarma-citation="entities:23580:1">Makemytrip (MMYT US)</a> which will acquire Nasper's ibibo Group to create the largest online travel company in India. The two had been competing fiercely for market share so this deal should result is less competition and a quicker path to profitability. Naspers…

A few days ago we wrote about Naspers Ltd (NPN SJ)  crystallizing value with the sale of its Polish eCommerce business for $3.25bn. The ink was barely dry before another deal was announced: this time from listed Indian online travel company Makemytrip (MMYT US) which will acquire Nasper's ibibo Group to create the largest online travel company in India. The two had been competing fiercely for market share so this deal should result is less competition and a quicker path to profitability. Naspers…

Naspers: Creating Value in Online Travel in India with MakeMyTrip Deal.

China Macroeconomics & Academia

Christopher Balding

Macroeconomics

After being upgraded as a middle income level country, the middle kingdom seems to be slowing down economically and it can be vividly observed in the latest data releases. During the third quarter official Chinese GDP remained at 6.7% driven primarily by real estate and the opaquel name “other” industries. As we noted yesterday in our note about the discrepancy between headline GDP and underlying data, a look at monthly output from important sectors fails to match broader output in the Chinese…

After being upgraded as a middle income level country, the middle kingdom seems to be slowing down economically and it can be vividly observed in the latest data releases. During the third quarter official Chinese GDP remained at 6.7% driven primarily by real estate and the opaquel name “other” industries. As we noted yesterday in our note about the discrepancy between headline GDP and underlying data, a look at monthly output from important sectors fails to match broader output in the Chinese…

What Does Output Tell Us About the Chinese Economy?

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

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§  The Consumer Staples Sector is made up of businesses less sensitive to economic cycles. In comparison, the performance of businesses in the Consumer Discretionary Sector tend to be more impacted by these cycles.
 
§  Globally, the MSCI World Consumer Staples Index has generated a 2.7% dividend inclusive YTD return while regionally, the MSCI AC Asia Pacific Consumer Staples Index generated a 5.7% dividend inclusive YTD return. This compared to a 1.3% decline and 0.8% gain for the…
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§  The Consumer Staples Sector is made up of businesses less sensitive to economic cycles. In comparison, the performance of businesses in the Consumer Discretionary Sector tend to be more impacted by these cycles.
 
§  Globally, the MSCI World Consumer Staples Index has generated a 2.7% dividend inclusive YTD return while regionally, the MSCI AC Asia Pacific Consumer Staples Index generated a 5.7% dividend inclusive YTD return. This compared to a 1.3% decline and 0.8% gain for the…




Consumer Staples Offered Investor Returns Amid Lower Growth Outlooks

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

International Traffic Remained Strong in September: For all three state-owned carriers, international travel demand remained strong in September, as measured by RPKs. <a href="https://www.smartkarma.com/entities/8239" target="_blank" data-smartkarma-citation="entities:8239:1">Air China Ltd (H) (753 HK)</a> reported a 17.1% Y/Y increase in international RPKs in September, and for <a href="https://www.smartkarma.com/entities/1078" target="_blank" data-smartkarma-citation="entities:1078:1">China Southern Airlines Co Ltd (1055 HK)</a> and <a href="https://www.smartkarma.com/entities/1079" target="_blank" data-smartkarma-citation="entities:1079:1">China Eastern Airlines Co (H) (670 HK)</a> international traffic grew by 15.6% and 28.6%, respectively. As we argued recently in <a href="https://www.smartkarma.com/insights/chinese-transportation-in-a-sea-of-decline-express-int-l-air-travel-are-islands-of-growth" target="_blank" data-smartkarma-citation="insights:5932">Chinese Transportation: In A Sea Of Decline, Express &amp; Int’l</a>…

International Traffic Remained Strong in September: For all three state-owned carriers, international travel demand remained strong in September, as measured by RPKs. Air China Ltd (H) (753 HK) reported a 17.1% Y/Y increase in international RPKs in September, and for China Southern Airlines Co Ltd (1055 HK) and China Eastern Airlines Co (H) (670 HK) international traffic grew by 15.6% and 28.6%, respectively. As we argued recently in Chinese Transportation: In A Sea Of Decline, Express &amp; Int’l…

Int'l Air Travel Demand Remained Strong in China in September

China

Trip.com Group Ltd. provides online travel agency services. The Company offers mobile applications, hotel reservations, flight ticketing, package tours, corporate travel management, and train ticketing services.

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Trip.com (TCOM US)

Demonetisation in India: High-Value Currency De-Notified; Con.Discretionary to Slow; Rate Cut Likely

The Indian Government has taken a significant step in curbing the parallel economy by removing Rs500 and Rs1000 notes from circulation and plans to...

Asia Advisors

Naspers: Creating Value in Online Travel in India with MakeMyTrip Deal.

A few days ago we wrote about Naspers Ltd (NPN SJ) crystallizing value with the sale of its Polish eCommerce business for $3.25bn. The ink was...

New Street Research

What Does Output Tell Us About the Chinese Economy?

After being upgraded as a middle income level country, the middle kingdom seems to be slowing down economically and it can be vividly observed in...

Christopher Balding

Consumer Staples Offered Investor Returns Amid Lower Growth Outlooks

§ The Consumer Staples Sector is made up of businesses less sensitive to economic cycles. In comparison, the performance of businesses...

Singapore Exchange Ltd (SGX)

Int'l Air Travel Demand Remained Strong in China in September

International Traffic Remained Strong in September: For all three state-owned carriers, international travel demand remained strong in September,...

Daniel Hellberg

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