MUFG – Bank Danamon Deal Makes Little Sense
* Bank Danamon is additive to MUFG’s ASEAN strategy, bringing it's foreign content of EPS to 50%.* From a financial and managerial perspective,...
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HSBC Holdings Plc – Likely Getting a Big Hickey From President Trump
* Despite bottom-line improvement on a go-forward basis, deferred tax asset (DTA) write-downs are likely at major global financial companies -...
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TSMC - Seasonal Sales Cut Coming; News Said 30% A11 Cut
What's new?After Morgan Stanley (MS US) analyst downgraded Taiwan Semiconductor Mfg. Co. Ltd. (2330 TT) for a seasonal slow reason together with a...
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US Brokers - Chuck Bucks Fueling Housing
* Margin finance not only remains a concern for the US share market, but the US housing market as well. * Charles Schwab is the latest example of...
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U.S. Equity Strategy & Individual Sector Commentaries
In our November Macro Vision report, we provide an appraisal and recommendations for each of our 12 Sectors, with extra attention devoted...
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