Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

Thematic (Sector/Industry)

<ul><li>Brexit was the first visible symptom that of the rise of the more insular, economically viable, semi-protectionist nation state is stirring to challenge the globalism mantra.</li><li>The election of US President Trump reinforces the idea that the nation state, not globalism per se, is the key actor in its own economic destiny.</li><li>Eurozone stalwarts Germany and France face seminal electoral tests on their globalism over national priorities this year.</li><li>Since announced in 2103, Chinas Silk Road mega-project is looking more like a "me first" deal than a "we" global citizen action.</li><li>The new Global Populism could produce mispricings in industry sectors heretofore considered sleepy in comparison with glamorous technology disruptors.</li></ul>

Brexit was the first visible symptom that of the rise of the more insular, economically viable, semi-protectionist nation state is stirring to challenge the globalism mantra.The election of US President Trump reinforces the idea that the nation state, not globalism per se, is the key actor in its own economic destiny.Eurozone stalwarts Germany and France face seminal electoral tests on their globalism over national priorities this year.Since announced in 2103, Chinas Silk Road mega-project is looking more like a "me first" deal than a "we" global citizen action.The new Global Populism could produce mispricings in industry sectors heretofore considered sleepy in comparison with glamorous technology disruptors.

Globalization May Be Going Extinct, Replaced by a New Global Populism

Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

Equity Bottom-Up

We screened for names that are loved by the Street (BUY Recommendations are more than 75% of total) and have significantly outperformed TOPIX over the last year. Our thought process is that Analysts tend to become more bullish as the price rises and then will usually not downgrade before the price rolls over. With TOPIX up 27% from its recent low in February 2016, we screened for names that outperformed TOPIX by more than 30% and are Loved by the Street.  Some of the larger names that made the screen were <a href="https://www.smartkarma.com/entities/315" target="_blank" data-smartkarma-citation="entities:315:1">Softbank Group Corp (9984 JP)</a> up 83% relative to TOPIX, <a href="https://www.smartkarma.com/entities/563" target="_blank" data-smartkarma-citation="entities:563:1">Sony Corp (6758 JP)</a> up 31% relative and <a href="https://www.smartkarma.com/entities/4481" target="_blank" data-smartkarma-citation="entities:4481:1">Shin Etsu Chemical Co Ltd (4063 JP)</a> up 58% relative to TOPIX since the beginning of February last year

We screened for names that are loved by the Street (BUY Recommendations are more than 75% of total) and have significantly outperformed TOPIX over the last year. Our thought process is that Analysts tend to become more bullish as the price rises and then will usually not downgrade before the price rolls over. With TOPIX up 27% from its recent low in February 2016, we screened for names that outperformed TOPIX by more than 30% and are Loved by the Street.  Some of the larger names that made the screen were Softbank Group Corp (9984 JP) up 83% relative to TOPIX, Sony Corp (6758 JP) up 31% relative and Shin Etsu Chemical Co Ltd (4063 JP) up 58% relative to TOPIX since the beginning of February last year

Japanese Names that Might Be Loved Too Much.....

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.

DFRS Container Shipping Bonds Outlook - Recovery Priced In, See Downside Risk from Current Levels<ul><li>
In the current interest rate environment, we support issues that lie higher on the risk spectrum with a short duration. We believe in high yield notes from companies that have proven abilities in raising funds through various sources, mitigating refinancing risk as rates pick up. Short duration is a key metric for our bond picks at the moment, as we anticipate further rate hikes during the year by…</li></ul>

DFRS Container Shipping Bonds Outlook - Recovery Priced In, See Downside Risk from Current Levels
In the current interest rate environment, we support issues that lie higher on the risk spectrum with a short duration. We believe in high yield notes from companies that have proven abilities in raising funds through various sources, mitigating refinancing risk as rates pick up. Short duration is a key metric for our bond picks at the moment, as we anticipate further rate hikes during the year by…

DFRS Container Shipping Bonds Outlook - Recovery Priced In, See Downside Risk from Current Levels

Container Shipping - Spot Rates Now Filtering into Contract Rates, Indicating a Big Positive ReversalIn our last update <a href="https://www.smartkarma.com/insights/container-shipping-spot-rates-touch-20-month-high" target="_blank">https://www.smartkarma.com/insights/container-shipping-spot-rates-touch-20-month-high</a> we had highlighted spot container freight rates on the major East-West routes reaching a 20-month high and having risen above the average of the last 5 years. WCI spot rates assessed by Drewry (USD / 40ft container)<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/020/332/original/wci1.JPG?1486437501" class="editor-image img-responsive" data-smartkarma-image-id="20332"></figure>Our recent channel checks suggest the spot rates are now having an increasingly…

Container Shipping - Spot Rates Now Filtering into Contract Rates, Indicating a Big Positive ReversalIn our last update https://www.smartkarma.com/insights/container-shipping-spot-rates-touch-20-month-high we had highlighted spot container freight rates on the major East-West routes reaching a 20-month high and having risen above the average of the last 5 years. WCI spot rates assessed by Drewry (USD / 40ft container)Our recent channel checks suggest the spot rates are now having an increasingly…

Container Shipping - Spot Rates Now Filtering into Contract Rates, Indicating Big Positive Reversal

Japan/Asia Long-Short, LightStream Research

Mio Kato

Japan/Asia Long-Short

Japanese and Asian equity long/short strategies

Uzabase

Specialising in Japanese and Asian equity long/short strategies with a focus on rigorous, but targeted quantitative analysis to temper evaluations of company strategy, potential and vision. At Uzabase, our team of analysts provides coverage of industry dynamics with a local Asian flavour on Speeda, our financial information platform. Going forward we are aiming to channel our focus toward thematic research on emerging industries and company research.

On the 4th of February the Nikkei <a href="http://asia.nikkei.com/Business/Deals/Toyota-near-tie-up-with-Suzuki-on-development-procurement" target="_blank">reported</a> that <a href="https://www.smartkarma.com/entities/73" target="_blank" data-smartkarma-citation="entities:73:1">Toyota Motor Corp (7203 JP)</a> and <a href="https://www.smartkarma.com/entities/732" target="_blank" data-smartkarma-citation="entities:732:1">Suzuki Motor Corp (7269 JP)</a> were in discussions regarding an alliance on development and procurement. This was confirmed by the companies today with the statement that the broad terms of the deal have been agreed upon. The move continues a series of tie-ups conducted by Toyota in recent years and could place pressure on other players to seek similar tie-ups. <a href="https://www.smartkarma.com/entities/20528" target="_blank" data-smartkarma-citation="entities:20528:1">Mazda Motor Corp (7261 JP)</a> may feel particularly pressured…

On the 4th of February the Nikkei reported that Toyota Motor Corp (7203 JP) and Suzuki Motor Corp (7269 JP) were in discussions regarding an alliance on development and procurement. This was confirmed by the companies today with the statement that the broad terms of the deal have been agreed upon. The move continues a series of tie-ups conducted by Toyota in recent years and could place pressure on other players to seek similar tie-ups. Mazda Motor Corp (7261 JP) may feel particularly pressured…

Could Trump Add to Consolidation Pressure on Japan's Auto Industry

Japan

Mitsubishi Electric Corporation develops, manufactures, and markets electronic equipment.  The Company's products include industrial machinery, heavy electric machinery, data communications systems, electronic devices, and consumer electronics.

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Mitsubishi Electric (6503 JP)

Globalization May Be Going Extinct, Replaced by a New Global Populism

Brexit was the first visible symptom that of the rise of the more insular, economically viable, semi-protectionist nation state is stirring to...

Howard J Klein

Japanese Names that Might Be Loved Too Much.....

We screened for names that are loved by the Street (BUY Recommendations are more than 75% of total) and have significantly outperformed TOPIX over...

Custom Products Group

DFRS Container Shipping Bonds Outlook - Recovery Priced In, See Downside Risk from Current Levels

DFRS Container Shipping Bonds Outlook - Recovery Priced In, See Downside Risk from Current Levels In the current interest rate environment, we...

Drewry Maritime Financial Research

Container Shipping - Spot Rates Now Filtering into Contract Rates, Indicating Big Positive Reversal

Container Shipping - Spot Rates Now Filtering into Contract Rates, Indicating a Big Positive ReversalIn our last...

Drewry Maritime Financial Research

Could Trump Add to Consolidation Pressure on Japan's Auto Industry

On the 4th of February the Nikkei reported that Toyota Motor Corp (7203 JP) and Suzuki Motor Corp (7269 JP) were in discussions regarding an...

Mio Kato

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