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.

Equity Bottom-Up

Vietnam Joint Stock Commercial Bank For Industry and Trade / Equity Bottom-Up

Vietnam Joint Stock Commercial Bank For Industry and Trade

There are few places where economic growth is high and rising. Of course this is the case for the OECD, but even in Asia-Pacific, this is rare.The implications for banks, whose operations are typically aligned to their home country GDP growth profile, or/and level, are obvious.While not a household name in South East Asian banking, like Thailand or Indonesia, Vietnam is showing gainsThe Economist Intelligence Unit (EIU) puts Vietnam&rsquo;s GDP growth at a reasonable 5.98% this year, and rising to 6.20% next year and 6.40% the year after.It is not a coincidence that banks in that country are becoming some of the most coveted in the region, even if they are small in relative terms.In this report we examine Vietnam's banking sector and focus on the three largest listed banks, CTG, BID and STB.More below the fold...

There are few places where economic growth is high and rising. Of course this is the case for the OECD, but even in Asia-Pacific, this is rare.The implications for banks, whose operations are typically aligned to their home country GDP growth profile, or/and level, are obvious.While not a household name in South East Asian banking, like Thailand or Indonesia, Vietnam is showing gainsThe Economist Intelligence Unit (EIU) puts Vietnam&rsquo;s GDP growth at a reasonable 5.98% this year, and rising to 6.20% next year and 6.40% the year after.It is not a coincidence that banks in that country are becoming some of the most coveted in the region, even if they are small in relative terms.In this report we examine Vietnam's banking sector and focus on the three largest listed banks, CTG, BID and STB.More below the fold...

Asia Economist and CEO, Centennial Asia Advisors

Manu Bhaskaran

Asia Economist and CEO

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

Asian monetary policy outlook: results of our Taylor Rule-based model<ul><li>China is behind the curve and needs to ease more aggressively.</li><li>The Philippines is behind the curve and needs to tighten.</li><li>India and Malaysia are ahead of the curve and need not hurry to ease in our view.</li><li>In general, an easing bias is likely in Asian monetary policy.</li></ul>

Asian monetary policy outlook: results of our Taylor Rule-based modelChina is behind the curve and needs to ease more aggressively.The Philippines is behind the curve and needs to tighten.India and Malaysia are ahead of the curve and need not hurry to ease in our view.In general, an easing bias is likely in Asian monetary policy.

Vietnam

Market Vectors Vietnam ETF is an exchange traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the price and yield performance of the Market Vectors Vietnam Index. The Fund invests at least 80% of its total assets in securities that comprise the Fund's benchmark index.

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Market Vectors Vietnam ETF (VNM US)

Vietnam's Banks Are Intriguing

There are few places where economic growth is high and rising. Of course this is the case for the OECD, but even in Asia-Pacific, this is rare.The...

Daniel Tabbush

Asian Monetary Policy Outlook

Asian monetary policy outlook: results of our Taylor Rule-based model China is behind the curve and needs to ease more aggressively. The...

Manu Bhaskaran

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