A Closer Look at the Cut to Payout
In our post-reporting season note, we highlighted how payout ratios were cut in FY17 but guided to rebound in FY18. The additional capital from...
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AIA's Australian Acquisition Boosts Our Long-Term Outlook for the Company
AIA Group Ltd (1299 HK)'s purchase of Commonwealth Bank Of Australia (CBA AU)'s life insurance business is a positive, with the...
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AIA - Not Letting Cash Burning a Hole in Their Pockets
This morning the overcapitalized AIA Group Ltd. (1299.HK) announced a not so insignificant transaction to purchase the Commonwealth Bank of...
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Hits Keep Coming. APRA Launches Prudential Inquiry into Commonwealth Bank. AUD 85 FVE Unchanged.
The banking regulator, Australian Prudential Regulation Authority, or APRA, demonstrated typical common sense announcing a prudential inquiry into...
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Short Commonwealth Bank
One of our macro sector short bets has been in Australian banks on July 27 at the 6,650 sub index level, but the bank that currently stands out as...
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