EM Tech: The Pain Trade Of 2017
Global Emerging Market fund managers are, on average, underweight technology stocks. In fact, though tech positioning among EM managers is at its...
250 Views
HDFC Bank – Joining the Divergence Bandwagon?
In India’s banking scene, one bank enjoys a particularly charmed life. Gross Non-Performing Assets (NPAs) at 1 percent, profits growing at 20...
614 Views
HDFC Bank - Risk Uncovered
Without repeating the implications of IFRS 9, which we highlight in two recent notes, save to say that banks with low allowance for loan losses...
208 Views
The Profits (And Perils) Of Independent Large Cap Research
True, the field is crowded, and fresh insights are hard to come by. Still, contrary to Douglas Kim’s argument, it’s not mid-caps, but large-caps,...
701 Views
HDFC Standard Life - Volatile Business
Insurance companies are in the business of risk. The rest of us lead our normal lives, and leave to them the tedious job of sizing up, and...
354 Views