Bespoke Research on China and neighbouring regions, Bixmoor

Bixmoor

Bespoke Research on China and neighbouring regions

Bixmoor specialises in providing bespoke research to business, governments and the financial community on China and neighbouring regions. We seek to build long-term relationships with our clients, based on our expertise, our reliability and our determination to find the right solution.

Thematic (Sector/Industry)

<p>Foreign direct investment into Indonesia continues to arrive, but there are issues in relation to radical Islam, labor constraints and corruption. If the new government of President Widodo can resolve some of these, even larger capital inflows can be expected.</p>

Foreign direct investment into Indonesia continues to arrive, but there are issues in relation to radical Islam, labor constraints and corruption. If the new government of President Widodo can resolve some of these, even larger capital inflows can be expected.

FDI into Indonesia on a Roll, but Reforms Needed

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

<ul><li>There is no denying the slowing GDP growth in Indonesia.</li><li>The currency has become more acutely weak.</li><li>Bad loans are rising for all the major banks in 1Q15.</li><li>Without being flippant about the immediate risk to earnings from credit quality and the cycle, we believe that some perspective is worthwhile.</li></ul>

There is no denying the slowing GDP growth in Indonesia.The currency has become more acutely weak.Bad loans are rising for all the major banks in 1Q15.Without being flippant about the immediate risk to earnings from credit quality and the cycle, we believe that some perspective is worthwhile.

<p>Poor loan processing caused high NPLs, and this is now changing. &nbsp;As NPLs move from 4.5% of loans toward 3.0%, investors will be rewarded. At 1.2x PB, BJBR is cheap vs peers, and with a high 10% dividend yield.</p>

Poor loan processing caused high NPLs, and this is now changing. &nbsp;As NPLs move from 4.5% of loans toward 3.0%, investors will be rewarded. At 1.2x PB, BJBR is cheap vs peers, and with a high 10% dividend yield.

A cheap Indonesian bank, with a 10% yield, where NPLs will decline fast. 

Indonesia

Bank Woori Saudara Indonesia 1906 Tbk PT provides general banking and foreign exchange transaction services. The Company offers cash deposit and withdrawal services, savings transfers, passbook print out services, and other related banking products and services.

PT Bank Mayapada International Tbk provides general commercial banking and other financing services. The Bank has branch offices throughout Indonesia.

PT Bank Mestika Dharma Tbk is headquartered in Indonesia. The Company's line of business includes the operation of commercial banks.

PT Bank Nationalnobu Tbk operates a bank. The Company provides lines of credit to small and medium sized enterprises in Indonesia.

PT Bank Pembangunan Daerah Jawa Timur Tbk is a full service bank in Indonesia.

PT Bank Neo Commerce Tbk is a full service commercial bank based in Indonesia.

PT Bank Bumi Arta Tbk provides commercial banking services.

Bank Maspion Indonesia Tbk PT provides banking services in Indonesia. The company offers funding products, including savings accounts, current accounts, and time deposits; and lending products, such as working capital, investment, housing, car, and consumer loans; and investment credit, letter of credit, and bank guarantee.

PT Bank MNC Internasional TBK, also known as MNC Bank, provides an integrated banking products and services to both corporate and consumer markets. The Bank focuses on consumer and retail banking, including credit card, remittance, cash management, payrolls and many others. MNC Bank is supported by branch & cash offices, payment points & automated teller machines (ATMs) throughout Indonesia.

PT Bank Capital Indonesia Tbk provides commercial banking services.

Harbin Bank Co. Ltd. offers commercial banking services. The Company provides deposits, loans, credit cards, documentary collections, and exchange transactions for individuals and businesses. Harbin Bank also supplies financial products.

Sierra Bancorp is the holding company for Bank of the Sierra.  The Bank grants commercial, real estate mortgage, real estate construction and consumer loans to consumers, farmers and businesses in the South Central San Joaquin Valley of California, specifically Tulare, Fresno, Kern, Kings and Madera counties. Bank of the Sierra also offers Internet banking.

First Business Financial Services, Inc. is a bank holding company involved in the commercial banking business through offices located in Wisconsin.  The Company also provides trust and investment services, business leasing services, shareholder relations, and access to capital for its operating entities.

First Business Financial Services (FBIZ US)

The Ehime Bank, Ltd. is a regional bank primarily operating in Ehime Prefecture. The Bank also provides computer systems management, staffing, and financial services including leasing and credit card services.

The Miyazaki Bank, Ltd. is a regional bank based in Miyazaki and Kagoshima. The Bank provides financial services such as deposits, loans, and foreign exchange transactions.  The Miyazaki Bank also provides financial services such as leasing, letters of credit, and venture capital business.

West Bancorporation is the holding company for West Des Moines State Bank (West Bank).  The Bank is a full-service commercial bank serving small- to mediumsized businesses and individuals through several branches located in Des Moines and West Des Moines, Iowa.

National Bank of Pakistan is a government owned bank which provides a wide range of banking and financial services to corporate, institutional, commercial, agricultural, industrial, and individual customers throughout Pakistan.

First Bancorp, Inc. is the bank holding company for The First.  The Bank offers a wide variety of services including checking and savings accounts, consumer and commercial loans, credit cards, investment management and trust services. The First operates in coastal Maine.

Financial Institutions, Inc. is a bank holding company for several community banks based in western and central New York.  The Company, through subsidiaries, also provides brokerage services, employee benefits, and compensation consulting services.

The Yamanashi Chuo Bank, Ltd. is a regional bank in Yamanashi.  The Bank provides commercial banking services such as deposits, loans, foreign exchange transactions, and securities brokerage.  The Yamanashi Chuo Bank also provides financial services such as leasing, credit cards, and credit guarantee as well as invests in venture companies.

PT Bank Rakyat Indonesia Agroniaga Tbk operates general banking activities.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Bank Rakyat Indo Agroniaga (AGRO IJ)

FDI into Indonesia on a Roll, but Reforms Needed

Foreign direct investment into Indonesia continues to arrive, but there are issues in relation to radical Islam, labor constraints and corruption....

Bixmoor

Indonesia Concerns in Focus

There is no denying the slowing GDP growth in Indonesia. The currency has become more acutely weak. Bad loans are rising for all the major banks...

Daniel Tabbush

A cheap Indonesian bank, with a 10% yield, where NPLs will decline fast.

Poor loan processing caused high NPLs, and this is now changing. As NPLs move from 4.5% of loans toward 3.0%, investors will be rewarded. At 1.2x...

Daniel Tabbush

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)