Founder, Riedel Research

David Riedel

Founder

Independent equity research on GEM Markets

Riedel Research

Riedel provides equity research and analysis to leading financial organizations. By becoming members of a region (Asia, Latin America, Emerging Europe or Global), organizations have access to an integrated set of services including:

Regular company coverage reports
Up-to-date investment decision advice (buy, hold, sell)
Monthly regional and global conference calls
Customized company reports and unlimited on-line access to the program's services.

Riedel provides research coverage of companies across the full range of market capitalization. Experienced research professionals in each market develop company reports and analysis as well as earnings models and projections. Ratings are Buy, Hold and Sell with a focus on compelling investment ideas - both long and short. Downloadable, dynamic earnings models are built to facilitate sensitivity analysis.

Please feel free to contact us for complimentary access to our written research.  We want to show you that our unique research flow can add value and help develop a long-term, high value-add relationship.

Riedel's model focuses on providing clients with unique insights and consulting in addition to unlimited access to all produced research This model allows members to receive exponential benefits for their retainer fees.

Thematic (Sector/Industry)

<ul>
<li>Obama continues the 'pivot to Asia' by attending the ASEAN meeting in Laos.</li>
<li>ASEAN is a critical component of SE Asian stability, partnership with the US and should be a united front in protesting Chinese intrusions into the South China Sea.</li>
<li>A high-profile spat with Philippine president Duterte was an unfortunate distraction and an unhelpful development for the Philippines which benefits from strong U.S. support.</li>
<li>Thailand and Malaysia look like the best opportunities in ASEAN in the medium-term.</li>
<li>BUY…</li>
</ul>


Obama continues the 'pivot to Asia' by attending the ASEAN meeting in Laos.
ASEAN is a critical component of SE Asian stability, partnership with the US and should be a united front in protesting Chinese intrusions into the South China Sea.
A high-profile spat with Philippine president Duterte was an unfortunate distraction and an unhelpful development for the Philippines which benefits from strong U.S. support.
Thailand and Malaysia look like the best opportunities in ASEAN in the medium-term.
BUY…


Takeaways from ASEAN - Investment Opportunities

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.

<ul><li>Of the actively traded stocks listed on SGX, Singapore Medical Group saw the biggest jump in volume in August compared to its three-month average volume. The stock also gained 91.4% in August and earlier in the month reported a turnaround net profit of S$0.8 million for 1H2016 compared to a net loss of S$0.1 million in 1H2015.</li></ul><ul><li>
Consumer Staples plays, Sheng Siong Group and Dairy Farm International Holdings were also amongst the 10 actively traded stocks that saw the biggest jump in August volume.…</li></ul>

Of the actively traded stocks listed on SGX, Singapore Medical Group saw the biggest jump in volume in August compared to its three-month average volume. The stock also gained 91.4% in August and earlier in the month reported a turnaround net profit of S$0.8 million for 1H2016 compared to a net loss of S$0.1 million in 1H2015.
Consumer Staples plays, Sheng Siong Group and Dairy Farm International Holdings were also amongst the 10 actively traded stocks that saw the biggest jump in August volume.…

10 Biggest Volume Jumpers in August Spanned Seven Sectors

Equity Research Analyst, Maritime sector, Drewry Maritime Financial Research

Ankush Kathuria CFA, FRM

Equity Research Analyst, Maritime sector

Maritime Sector, Equity & Credit Research

Drewry Maritime Financial Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Equity Bottom-Up

Since our Long-Short initiation on 14 July 2016, our Long ICTSI (ICT PM) has profited 34%, while we were essentially flat on Short Westports (WPRTS MK). The trade has also outperformed DMER Port Index which was up 6.1% in the same period. <a href="https://www.smartkarma.com/insights/dmer-port-operators-long-ictsi-ictsi-pm-short-westports-wprts-pm" target="_blank">https://www.smartkarma.com/insights/dmer-port-operators-long-ictsi-ictsi-pm-short-westports-wprts-pm</a><ul><li>
On ICTSI, we believe investors have started recognising the significant upside potential from picking up the growth counter at the cheapest level post-GFC, and…</li></ul>

Since our Long-Short initiation on 14 July 2016, our Long ICTSI (ICT PM) has profited 34%, while we were essentially flat on Short Westports (WPRTS MK). The trade has also outperformed DMER Port Index which was up 6.1% in the same period. https://www.smartkarma.com/insights/dmer-port-operators-long-ictsi-ictsi-pm-short-westports-wprts-pm
On ICTSI, we believe investors have started recognising the significant upside potential from picking up the growth counter at the cheapest level post-GFC, and…

DMER - Port Operators - Update on Our Long ICTSI ( ICTSI PM), Short WESTPORTS (WPRTS MK)

ICTSI – Inorganic growth sustains top line momentum<ul><li>
2Q16 earnings surprise: International Container Terminal Services Inc (ICTSI) reported a record quarterly EBITDA on inorganic volume contribution. Revenue expanded 11% y/y from USD 256m to USD 284.3m on 16% y/y surge in volume to 2.2m teu, compared with 1.9m teu a year ago. However, consolidated yield moderated 4.3% y/y from USD 134/teu to USD 129/teu. Across the three reporting segments, segmental yield for EMEA strengthened 15.9% y/y to USD…</li></ul>

ICTSI – Inorganic growth sustains top line momentum
2Q16 earnings surprise: International Container Terminal Services Inc (ICTSI) reported a record quarterly EBITDA on inorganic volume contribution. Revenue expanded 11% y/y from USD 256m to USD 284.3m on 16% y/y surge in volume to 2.2m teu, compared with 1.9m teu a year ago. However, consolidated yield moderated 4.3% y/y from USD 134/teu to USD 129/teu. Across the three reporting segments, segmental yield for EMEA strengthened 15.9% y/y to USD…

ICTSI (ICT PM) – Inorganic Growth Sustains Top Line Momentum

Westports Holdings Bhd -  Alliance switches allegiance, investors still holding onInternational Container Terminal Services Inc - Growth stock on discount, positioned for reboundWe formally introduce our key Long Short Trade with initiation of Long call on ICTSI ( ICTSI PM) and Short call on WESTPORTS (WPRTS PM). We have earlier highlighted our concerns on WPRTS at <a href="https://www.smartkarma.com/insights/westports-wprts-mk-unattractive-valuation-with-significant-downside-top-sell-in-the-ports-sector" target="_blank">https://www.smartkarma.com/insights/westports-wprts-mk-unattractive-valuation-with-significant-downside-top-sell-in-the-ports-sector</a> and our constructive stance on ICTSI <a href="https://www.smartkarma.com/insights/ictsi-ict-pm-positioned-for-emerging-market-rebound" target="_blank">https://www.smartkarma.com/insights/ictsi-ict-pm-positioned-for-emerging-market-rebound</a>.

Westports Holdings Bhd -  Alliance switches allegiance, investors still holding onInternational Container Terminal Services Inc - Growth stock on discount, positioned for reboundWe formally introduce our key Long Short Trade with initiation of Long call on ICTSI ( ICTSI PM) and Short call on WESTPORTS (WPRTS PM). We have earlier highlighted our concerns on WPRTS at https://www.smartkarma.com/insights/westports-wprts-mk-unattractive-valuation-with-significant-downside-top-sell-in-the-ports-sector and our constructive stance on ICTSI https://www.smartkarma.com/insights/ictsi-ict-pm-positioned-for-emerging-market-rebound. 

DMER - Port Operators - Long ICTSI ( ICTSI PM), Short WESTPORTS (WPRTS PM)

Philippines

International Container Terminal Services, Inc. provides containerized cargo handling services. The Company also manages and operates the Manila International Container Terminal and port.

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ICTSI (ICT PM)

Takeaways from ASEAN - Investment Opportunities

Obama continues the 'pivot to Asia' by attending the ASEAN meeting in Laos. ASEAN is a critical component of SE Asian stability, partnership with...

David Riedel

10 Biggest Volume Jumpers in August Spanned Seven Sectors

Of the actively traded stocks listed on SGX, Singapore Medical Group saw the biggest jump in volume in August compared to its three-month average...

Singapore Exchange Ltd (SGX)

DMER - Port Operators - Update on Our Long ICTSI ( ICTSI PM), Short WESTPORTS (WPRTS MK)

Since our Long-Short initiation on 14 July 2016, our Long ICTSI (ICT PM) has profited 34%, while we were essentially flat on Short Westports (WPRTS...

Drewry Maritime Financial Research

ICTSI (ICT PM) – Inorganic Growth Sustains Top Line Momentum

ICTSI – Inorganic growth sustains top line momentum 2Q16 earnings surprise: International Container Terminal Services Inc (ICTSI) reported a record...

Drewry Maritime Financial Research

DMER - Port Operators - Long ICTSI ( ICTSI PM), Short WESTPORTS (WPRTS PM)

Westports Holdings Bhd - Alliance switches allegiance, investors still holding onInternational Container Terminal Services Inc - Growth stock on...

Drewry Maritime Financial Research

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