Asia focused research insights & advisory, Asia Advisors

Vinay Patel

Asia focused research insights & advisory

Asia Advisors

Asia Advisors is an independent financial advisory and research firm working closely with corporates and institutions to provide consulting solutions & research insights. We provide advisory services including capital solutions, business strategy and investment insights.
Firm is headed by Vinay Patel who has close to two decades of experience in research and business development at large, international investment banks such as HSBC and ICICI Securities. Led research efforts in areas of Macroeconomics, Asset Allocation & Investment Strategy for close to a decade in global & domestic research teams. As a business head in Singapore, advised top global investment management firms & Portfolio managers in Asia for India related investments.
Vinay was recently joined by Swapnil Manish, an investment banker and ex-ecommerce entrepreneur with more than 12 years of experience. Swapnil was the TMT banker at BNP Paribas and was part of several large M&A and ECM transactions (Bharti-Zain, Bharti Infratel IPO, Schneider-Zicom among several others). He's also had a stint as an ecommerce entrepreneur having launched & led Mumbai's first online grocery player.

Thematic (Sector/Industry)

The Indian Government has taken a significant step in curbing the parallel economy by removing Rs500 and Rs1000 notes from circulation and plans to replace it with new notes. People having high-value notes will need to deposit it in a bank and exchange it for new notes until end December'16 ( and in the process, any large volume of cash deposits if undertaken will attract the tax authorities). High-value currency notes have always served as convenient storage points of undeclared and/or illegal…

The Indian Government has taken a significant step in curbing the parallel economy by removing Rs500 and Rs1000 notes from circulation and plans to replace it with new notes. People having high-value notes will need to deposit it in a bank and exchange it for new notes until end December'16 ( and in the process, any large volume of cash deposits if undertaken will attract the tax authorities). High-value currency notes have always served as convenient storage points of undeclared and/or illegal…

Demonetisation in India: High-Value Currency De-Notified; Con.Discretionary to Slow; Rate Cut Likely

Equity, Bottom-up Analyst, Investics Research

Sameer Taneja

Equity, Bottom-up Analyst

Kelusa Asia Focus Funds

Equity Bottom-Up

I have some interesting graphs that date from June 2015 to the end of August 2015 just prior to the auto stimulus being announced. A very important data point here to illustrate what happens to the sector when one player initiates a price war. In the link below you can see Great Wall announced price cuts amounting to 3-6% of all their products in Early June 2015.<a href="http://www.ibtimes.com/slumping-chinese-auto-market-pushes-great-wall-motors-cut-prices-popular-haval-suvs-1971510" target="_blank">http://www.ibtimes.com/slumping-chinese-auto-market-pushes-great-wall-motors-cut-prices-popular-haval-suvs-1971510</a>As you can see from…

I have some interesting graphs that date from June 2015 to the end of August 2015 just prior to the auto stimulus being announced. A very important data point here to illustrate what happens to the sector when one player initiates a price war.  In the link below you can see Great Wall announced price cuts amounting to 3-6% of all their products in Early June 2015.http://www.ibtimes.com/slumping-chinese-auto-market-pushes-great-wall-motors-cut-prices-popular-haval-suvs-1971510As you can see from…

What Happened in June 2015 : The Last Time Great Wall Cut Prices for H6 and H2

In my recent piece <a href="https://www.smartkarma.com/insights/china-autos-correlation-with-property-the-case-to-be-bearish-now" target="_blank" data-smartkarma-citation="insights:6428">China Autos Correlation with Property: The Case to Be Bearish Now</a> I highlighted a risk of purchase tax expiry + property curbs as being bad for the sector.  Well turns out we didn't have to wait too long for another negative catalyst which was Great Wall's 3Q 2016. Now this is not a risk out of left field let me stress that.  Street ( as was i ) were caught up in good sales numbers which is why I came out with a piece on Geely <a href="https://www.smartkarma.com/insights/geely-august-another-great-month-let-s-focus-on-profitability-now" target="_blank" data-smartkarma-citation="insights:5672">Geely : August , Another Great Month , Let’s Focus</a>…

In my recent piece China Autos Correlation with Property: The Case to Be Bearish Now I highlighted a risk of purchase tax expiry + property curbs as being bad for the sector.  Well turns out we didn't have to wait too long for another negative catalyst which was Great Wall's 3Q 2016. Now this is not a risk out of left field let me stress that.  Street ( as was i ) were caught up in good sales numbers which is why I came out with a piece on Geely Geely : August , Another Great Month , Let’s Focus…

Great Wall 3Q 2016: Official Price Cuts ? Let the Bad Times Begin

China Macroeconomics & Academia

Christopher Balding

Macroeconomics

After being upgraded as a middle income level country, the middle kingdom seems to be slowing down economically and it can be vividly observed in the latest data releases. During the third quarter official Chinese GDP remained at 6.7% driven primarily by real estate and the opaquel name “other” industries. As we noted yesterday in our note about the discrepancy between headline GDP and underlying data, a look at monthly output from important sectors fails to match broader output in the Chinese…

After being upgraded as a middle income level country, the middle kingdom seems to be slowing down economically and it can be vividly observed in the latest data releases. During the third quarter official Chinese GDP remained at 6.7% driven primarily by real estate and the opaquel name “other” industries. As we noted yesterday in our note about the discrepancy between headline GDP and underlying data, a look at monthly output from important sectors fails to match broader output in the Chinese…

What Does Output Tell Us About the Chinese Economy?

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

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§  The Consumer Staples Sector is made up of businesses less sensitive to economic cycles. In comparison, the performance of businesses in the Consumer Discretionary Sector tend to be more impacted by these cycles.
 
§  Globally, the MSCI World Consumer Staples Index has generated a 2.7% dividend inclusive YTD return while regionally, the MSCI AC Asia Pacific Consumer Staples Index generated a 5.7% dividend inclusive YTD return. This compared to a 1.3% decline and 0.8% gain for the…
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§  The Consumer Staples Sector is made up of businesses less sensitive to economic cycles. In comparison, the performance of businesses in the Consumer Discretionary Sector tend to be more impacted by these cycles.
 
§  Globally, the MSCI World Consumer Staples Index has generated a 2.7% dividend inclusive YTD return while regionally, the MSCI AC Asia Pacific Consumer Staples Index generated a 5.7% dividend inclusive YTD return. This compared to a 1.3% decline and 0.8% gain for the…




Consumer Staples Offered Investor Returns Amid Lower Growth Outlooks

China

Great Wall Motor Company Limited, through its subsidiaries, manufactures and sells pick-up trucks and sport-utility vehicles (SUVs) in China under branded names. The Company also researches and develops, and manufactures principal automotive parts and components for use in the assembly of pick-up trucks and SUVs.

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Great Wall Motor (2333 HK)

Demonetisation in India: High-Value Currency De-Notified; Con.Discretionary to Slow; Rate Cut Likely

The Indian Government has taken a significant step in curbing the parallel economy by removing Rs500 and Rs1000 notes from circulation and plans to...

Asia Advisors

What Happened in June 2015 : The Last Time Great Wall Cut Prices for H6 and H2

I have some interesting graphs that date from June 2015 to the end of August 2015 just prior to the auto stimulus being announced. A very important...

Sameer Taneja

Great Wall 3Q 2016: Official Price Cuts ? Let the Bad Times Begin

In my recent piece China Autos Correlation with Property: The Case to Be Bearish Now I highlighted a risk of purchase tax expiry + property curbs...

Sameer Taneja

What Does Output Tell Us About the Chinese Economy?

After being upgraded as a middle income level country, the middle kingdom seems to be slowing down economically and it can be vividly observed in...

Christopher Balding

Consumer Staples Offered Investor Returns Amid Lower Growth Outlooks

§ The Consumer Staples Sector is made up of businesses less sensitive to economic cycles. In comparison, the performance of businesses...

Singapore Exchange Ltd (SGX)

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52-week Range

Market Cap (USDm)

P/E

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