China Merchants Bank – An Optical Illusion
CHINA MERCHANTS BANK: CMB's QOQ 3Q21 adjusted core operating result declined 41.2%, by our calculation. Net new problem loans continue to...
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Ping An Insurance – Breaking The Bank
PING AN: PAB reported 3Q21 QOQ growth of 55.0%. Credit quality was abysmal and Ping An is pulling on its bank lever to offset another quarter self...
227 Views
Ping An A/H: Discount Turns to a BIG Premium
Ping An A-shs are now trading at a 11% premium to the H-shs. This is in the 95th percentile and is partly driven by the buyback on A-shs. We like a...
403 Views
China Evergrande Group – Shoes Dropping At Shenjing
EVERGRANDE: Before the Evergrande debacle, Shenjing posted core operating losses and liquidity stress. Despite this, Shengjing Finance absolved...
300 Views
Amid declining risk sentiment for Asian FX, SGX FX Futures volume grew 15% m-o-m in September, with its KRW/USD futures contract attaining record month-end open interest
Aggregate SGX FX Futures volume hit US$131 billion in September, up 8% y-o-y with open interest at US$13 billion as at end-September SGX...
944 Views