Silver Point

Thomas J. Monaco

Independent Insight Provider

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

Equity Bottom-Up

<p><strong>* Weak 4Q17 Results Guidance:</strong> 4Q17 pre-tax results missed Street forecasts by 8%. Revenues were 1% light of consensus while costs were 3% higher. Moving capital targets, weaker UK credit, a poorly structured US business,  and higher operational costs from Brexit give us cause for pause as well.</p><p><strong>* Is a US Deal Imminent Now?:</strong> HSBC’s US business operating profit metrics may actually be the absolute worst of any American bank. If nothing is materially done with the US operation in the immediate term…</p>

* Weak 4Q17 Results Guidance: 4Q17 pre-tax results missed Street forecasts by 8%. Revenues were 1% light of consensus while costs were 3% higher. Moving capital targets, weaker UK credit, a poorly structured US business,  and higher operational costs from Brexit give us cause for pause as well.* Is a US Deal Imminent Now?: HSBC’s US business operating profit metrics may actually be the absolute worst of any American bank. If nothing is materially done with the US operation in the immediate term…

Global Head of Research, Smartkarma

Mark Artherton

Global Head of Research

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Thematic (Sector/Industry)

<p><strong>In today's 21 Things.....</strong></p><p><strong>China spying on Africa, the purge of dissenting voices continues in Turkey, Carillion fallout (Capita profit warning), no labour in Central Europe, Capitec comes under pressure, Pakistan flows, African prospects, UK house prices, debt relief in South Africa, RIP RPI, some Crypto news and orangutans in sunglasses.</strong></p><div class="content-highlight"><h2><a href="https://www.moroccoworldnews.com/2018/01/239343/african-union-china-spies-addis-ababa/" target="_blank">1.  African Union HQ built and equipped by China appears to have been a huge espionage effort.</a></h2></div><p style="padding-left: 50px;">In 2012 China donated a new building to the African Union (AU) in…</p>

In today's 21 Things.....China spying on Africa, the purge of dissenting voices continues in Turkey, Carillion fallout (Capita profit warning), no labour in Central Europe, Capitec comes under pressure, Pakistan flows, African prospects, UK house prices, debt relief in South Africa, RIP RPI, some Crypto news and orangutans in sunglasses.1.  African Union HQ built and equipped by China appears to have been a huge espionage effort.In 2012 China donated a new building to the African Union (AU) in…

United Kingdom

Carillion plc provides support and construction services in Europe, Canada, the Middle East, North Africa, and the Caribbean.  The Company offers services in the areas of health, education and regeneration, road, rail, defense, and commercial property.

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Carillion PLC (CLLN LN)

HSBC Holdings Plc – Swing & A Miss

* Weak 4Q17 Results Guidance: 4Q17 pre-tax results missed Street forecasts by 8%. Revenues were 1% light of consensus while costs were 3% higher....

Thomas J. Monaco

21 Things Worth Knowing (#19)

In today's 21 Things.....China spying on Africa, the purge of dissenting voices continues in Turkey, Carillion fallout (Capita profit warning), no...

Mark Artherton

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