Huarong IPO: Prices Near Bottom End - Less Than It Appears
The China Huarong Asset Management IPO is interesting. It's China's biggest distressed asset manager. The IPO is for US$2.3bn of stock after...
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China Huarong IPO: Valuation remains rich, no more appealing than Cinda
Huarong Asset Management, the largest distressed asset (DA) management company in China by asset and profit, is raising US$2.2-2.5bn in the coming...
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Deposit Flight at China's Banks
Last year seven banks in China saw deposits contract. The year previous the number was one. Deposit flight is one of the first things to look...
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China's NPL Growth will be Radical
It is rare for bad loans to rise gradually as they peak. In most all cases the rise of NPLs and corresponding credit costs is radical. It is not...
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Assessing Driver of Moats in Retail Shopping Centres
We view high quality shopping centres as benefiting from strong competitive advantages, and generally ascribe narrow economic moat ratings to...
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