StubWorld - Set-Up & Unwind Extremes: Dah Sing, Japan Post, Sembcorp
This week I briefly look at bifurcations in Dah Sing Financial Holdings (440 HK), as the discount further widens since paying the special dividend;...
462 Views
Standard Chartered (Hong Kong) – A Messy Flagship
* Fundamentals at Standard Chartered Bank (Hong Kong) [SCBHK] have improved over the past several years. However, SCBHK has aggressively pulled on...
169 Views
StubWorld - Set-Up & Unwind Extremes: Guoco
This week I briefly look at the recent bifurcation in Guoco Group Ltd (53 HK).Relationships flagged in this note trade with a minimum liquidity...
325 Views
HK Banks - Domestic Decay, And China Too
Hong Kong’s banks have exposure to China. Some more than others. There are signs of worsening credit conditions in China from some of Hong Kong...
125 Views
With SAN Purchase of POP, We Look at Impaired Loans and Deposit Contraction Globally
It is not clear to us how a EUR7 billion capital raising will allow Banco Santander (SAN) to clean up Banco Popular (POP), which it has just...
243 Views