21 Things Worth Knowing (#18)
In this issue:The bargain between the party and the population in China, US banking regulation, ECB complexity, distraction and productivity, NTPC...
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FMG: Strong Balance Sheet Provides Flexibility for Capital Returns; Stock Mispriced
Fortescue Metals Group Ltd (FMG AU) has been reducing its net debt position thus providing flexibility for the management to pursue expansion, new...
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China's Belt and Road Initiative Unlikely to Slow Commodity Demand Headwinds
Much has been written about China’s Belt and Road Initiative, or BRI--formerly known as the One Belt and One Road Initiative--but we think much of...
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Money Matters: Have the Drivers of Residential Property Investment in China Run Their Course?
IntroductionThere have been three key growth drivers of residential property development in China in my view: 1) The increase in urban population;...
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FXPO: Geopolitical & Balance Sheet Risks Overblown; Deep Discount Provides Buying Opportunity
Initiating coverage of Ferrexpo Plc (FXPO LN) with a target of £2.10/sh. Markets are unduly concerned about the geopolitical risks and balance...
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