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.

Thematic (Sector/Industry)

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

Leading Independent Investment Research, Morningstar, Inc.

Morningstar

Leading Independent Investment Research

Morningstar, Inc.

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. 

Morningstar provides data on more than 500,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 16 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $180 billion in assets under advisement or management as of June 30, 2015. We have operations in 27 countries.

Download the Morningstar Fact Sheet : http://corporate.morningstar.com/US/documents/MarketingFactSheets/AboutMorningstarFactsheet.pdf

Equity Bottom-Up

iShares MSCI Global Min Vol Factor ETF / Equity Bottom-Up

<ul><li>The Best Ideas list is a compilation of stock ideas sourced from Morningstar&rsquo;s global equity research team.</li><li>With more than 100 analysts covering nearly 1,500 companies, we&rsquo;re able to provide a wide variety of what we believe are attractively priced securities looking across sectors, industries, and geographies.</li><li>Best Ideas are nominated by analysts and approved by managers in addition to the normal due diligence processes that precede our published research and ratings.</li><li>Pan Asian names are particularly focussed this month on the Gaming, Materials, Financials and Consumer Discretionary sectors.&nbsp;</li><li>Analysts: Michael Holt, CFA; Alex Morozov, CFA; Elizabeth Collins, CFA; Lorraine Tan CFA.</li><li>Full report below the fold. In addition subscribers will find in-depth notes and commentary published on several of these names easily available on the platform.</li></ul>

The Best Ideas list is a compilation of stock ideas sourced from Morningstar&rsquo;s global equity research team.With more than 100 analysts covering nearly 1,500 companies, we&rsquo;re able to provide a wide variety of what we believe are attractively priced securities looking across sectors, industries, and geographies.Best Ideas are nominated by analysts and approved by managers in addition to the normal due diligence processes that precede our published research and ratings.Pan Asian names are particularly focussed this month on the Gaming, Materials, Financials and Consumer Discretionary sectors.&nbsp;Analysts: Michael Holt, CFA; Alex Morozov, CFA; Elizabeth Collins, CFA; Lorraine Tan CFA.Full report below the fold. In addition subscribers will find in-depth notes and commentary published on several of these names easily available on the platform.

Australia

Goodman Group is an integrated industrial property group. The Group has operations in Australia, New Zealand, UK, Asia and Europe. Goodman's activities include property investment, funds management, property development and property services. The Group's property portfolio includes business parks, industrial estates, office parks and warehouse/distribution centers.

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Goodman Group (GMG AU)

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

Morningstar: Global Equity Best Ideas

The Best Ideas list is a compilation of stock ideas sourced from Morningstar’s global equity research team. With more than 100 analysts covering...

Morningstar, Inc.

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