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)

Chinese investment in Africa is much misunderstood, with little reliable data. But it can be said with some certainty that the main damage done by such investments is not so much to Africa, but to the Chinese economy.

Chinese investment in Africa is much misunderstood, with little reliable data. But it can be said with some certainty that the main damage done by such investments is not so much to Africa, but to the Chinese economy.

Making Sense of Chinese Investments in Africa

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.

Do not be lulled by a false sense of security with high NPL coverage. The figures can decline quickly and China is the quintessential example. &nbsp;Differences in NPL coverage trends, can help frame where banks are in their NPL cycle or how well prepared they are making themselves. Or both.&nbsp;The stand out is China.

Do not be lulled by a false sense of security with high NPL coverage. The figures can decline quickly and China is the quintessential example. &nbsp;Differences in NPL coverage trends, can help frame where banks are in their NPL cycle or how well prepared they are making themselves. Or both.&nbsp;The stand out is China.

Beware of NPL Coverage Trends Across Asia

Special Situations, Content Strategist, Smartkarma

Crispin Francis

Special Situations, Content Strategist

Smartkarma

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

Research Reinvented

Event-Driven

<ul><li>On 29 June 2015, we published a note highlighting the key takeaways from an EGM held earlier in the day - shareholders resoundingly approved the merger between Taiwan Life and CTBC Financial</li><li>We carried out some further analysis post-publication and concluded that the gross spread was actually more attractive than we first made it out to be; the merger ratio is adjusted for CTBC's dividend using a formula found in documents accompany the EGM</li><li>Once we applied this adjustment, the current gross spread become more attractive than we initially thought -&nbsp;we would think about setting up the arb trade, given the likeliness of the deal closing</li></ul>

On 29 June 2015, we published a note highlighting the key takeaways from an EGM held earlier in the day - shareholders resoundingly approved the merger between Taiwan Life and CTBC FinancialWe carried out some further analysis post-publication and concluded that the gross spread was actually more attractive than we first made it out to be; the merger ratio is adjusted for CTBC's dividend using a formula found in documents accompany the EGMOnce we applied this adjustment, the current gross spread become more attractive than we initially thought -&nbsp;we would think about setting up the arb trade, given the likeliness of the deal closing

Taiwan Life / CTBC - Adjusted Merger Ratio creates a decent spread.

On 12 May 2015, after weeks of speculation, it was announced that the CTBC-Taiwan Life Insurance merger&nbsp;is&nbsp;back on. The merger ratio is set at 1.44The shareholders liked this deal - on earlier today (29 June 2015), shareholders voted the deal through&nbsp;The transaction is set to close in Jan 2016&nbsp;<s>Oct 2015</s>, with integration wrapping up by Dec 2015

On 12 May 2015, after weeks of speculation, it was announced that the CTBC-Taiwan Life Insurance merger&nbsp;is&nbsp;back on. The merger ratio is set at 1.44The shareholders liked this deal - on earlier today (29 June 2015), shareholders voted the deal through&nbsp;The transaction is set to close in Jan 2016&nbsp;Oct 2015, with integration wrapping up by Dec 2015

Taiwan Life insurance - Latest Developments

Taiwan

CTBC Financial Holding Company Ltd. is a holding company.  Through its subsidiaries, the Company provides a variety of banking and financial services, including deposit, loan, guarantee, international banking, trust banking, credit card, investment banking, safety deposit box, and Internet banking services.

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CTBC Financial Holding (2891 TT)

Making Sense of Chinese Investments in Africa

Chinese investment in Africa is much misunderstood, with little reliable data. But it can be said with some certainty that the main damage done by...

Bixmoor

Beware of NPL Coverage Trends Across Asia

Do not be lulled by a false sense of security with high NPL coverage. The figures can decline quickly and China is the quintessential example....

Daniel Tabbush

Taiwan Life / CTBC - Adjusted Merger Ratio creates a decent spread.

On 29 June 2015, we published a note highlighting the key takeaways from an EGM held earlier in the day - shareholders resoundingly approved the...

Crispin Francis

Taiwan Life insurance - Latest Developments

On 12 May 2015, after weeks of speculation, it was announced that the CTBC-Taiwan Life Insurance merger is back on. The merger ratio is set at...

Crispin Francis

Price Gauge

52-week Range

Market Cap (USDm)

P/E

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