Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

Thematic (Sector/Industry)

Extending my point about more demanding transportation frameworks going forward (see <a href="https://www.smartkarma.com/insights/comfortdelgro-fy16-results-an-era-where-competition-hits-a-higher-gear" target="_blank" data-smartkarma-citation="insights:8719">ComfortDelGro FY16 Results: An Era Where Competition Hits a Higher Gear</a> ), the recent fire-bomb attack on Hong Kong’s MTR that left 19 injured signals increasing costs for transport operators. This article presents another reason why investors should sell MTR Corp, on top of points already provided by fellow insight provider Sameer Taneja in an earlier piece <a href="https://www.smartkarma.com/insights/mtr-66-hk-conviction-sell-thesis" target="_blank" data-smartkarma-citation="insights:7982">MTR (66 HK): Conviction Sell Thesis</a><h2>Security Costs to</h2>…

Extending my point about more demanding transportation frameworks going forward (see ComfortDelGro FY16 Results: An Era Where Competition Hits a Higher Gear ), the recent fire-bomb attack on Hong Kong’s MTR that left 19 injured signals increasing costs for transport operators. This article presents another reason why investors should sell MTR Corp, on top of points already provided by fellow insight provider Sameer Taneja in an earlier piece MTR (66 HK): Conviction Sell ThesisSecurity Costs to…

66 HK and SBUS SP: Attack on HK Metro Signals Increases in Transport Operators' Costs

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

Pacific Basin Shipping / Equity Bottom-Up

DFRS Trading Idea 2017 #1 - Pacific Basin (2343 HK) - Time to Play Catch UpWe have been strong buyers of Pacific basin since April last year and it remains one of our favored picks in the Asian shipping sector. <a href="https://www.smartkarma.com/insights/pacific-basin-2343-hk-rights-issue-settles-debt-concerns-upgrade-to-attractive" target="_blank">https://www.smartkarma.com/insights/pacific-basin-2343-hk-rights-issue-settles-debt-concerns-upgrade-to-attractive</a>, <a href="https://www.smartkarma.com/insights/pacific-basin-2343-hk-not-too-late-to-get-onboard" target="_blank">https://www.smartkarma.com/insights/pacific-basin-2343-hk-not-too-late-to-get-onboard</a> &amp; <a href="https://www.smartkarma.com/insights/pacific-basin-2343-hk-sequential-improvement-in-rates-continues-to-outperform-the-market-rates" target="_blank">https://www.smartkarma.com/insights/pacific-basin-2343-hk-sequential-improvement-in-r</a>…

DFRS Trading Idea 2017 #1 - Pacific Basin (2343 HK) - Time to Play Catch UpWe have been strong buyers of Pacific basin since April last year and it remains one of our favored picks in the Asian shipping sector. https://www.smartkarma.com/insights/pacific-basin-2343-hk-rights-issue-settles-debt-concerns-upgrade-to-attractive, https://www.smartkarma.com/insights/pacific-basin-2343-hk-not-too-late-to-get-onboard &amp; https://www.smartkarma.com/insights/pacific-basin-2343-hk-sequential-improvement-in-r…

DFRS Trading Idea 2017 #1 - Pacific Basin (2343 HK) - Time to Play Catch Up

Transport Sector, China and Asia-focused Research

Charles De Trenck

DRYS has now spiked (before suspension) more than 2000% post Trump and as the BDI (Baltic Dry Index) popped above 1,000. Most of the trading activity in US shipping names has happened over the last two days. As a result, we had multiple TV segments on CNBC on Wednesday on these shares. The <a href="http://blogs.wsj.com/moneybeat/2016/11/16/unmoored-from-reality-dryships-halted-after-1500-post-election-rally/" target="_blank">WSJ</a> also took to writing on the topic for generalist readers. …This funky stock roller coaster, as well as longer-term stock holds are quickly recapped further below.The worst shipping companies, including…

DRYS has now spiked (before suspension) more than 2000% post Trump and as the BDI (Baltic Dry Index) popped above 1,000. Most of the trading activity in US shipping names has happened over the last two days. As a result, we had multiple TV segments on CNBC on Wednesday on these shares. The WSJ also took to writing on the topic for generalist readers. …This funky stock roller coaster, as well as longer-term stock holds are quickly recapped further below.The worst shipping companies, including…

Shipping Stocks Go Bananas, the Worst Rising the Most

Dry Bulk Shipping - The Overweight on Dry Bulk Is Paying off HandsomelyWe have earlier advocated that “ the normalisation process will lead to great opportunities even with incremental gains in the underlying markets as discount to Net Asset Values narrow. With the market bottoming out, we place our bets on the dry bulk names with high operating leverage and considerable exposure to the spot market. We expect the uptrend in freight rates to mirror in asset prices, which in turn, will have an…

Dry Bulk Shipping - The Overweight on Dry Bulk Is Paying off HandsomelyWe have earlier advocated that “ the normalisation process will lead to great opportunities even with incremental gains in the underlying markets as discount to Net Asset Values narrow. With the market bottoming out, we place our bets on the dry bulk names with high operating leverage and considerable exposure to the spot market. We expect the uptrend in freight rates to mirror in asset prices, which in turn, will have an…

DMER-Dry Bulk Shipping - The Overweight on Dry Bulk Is Paying off Handsomely

Pacific Basin (2343 HK) - Issuance of New Shares an Opportunistic Move to Lower CostsNew shares in lieu of charter-hire cost - On 21 October 2016, Pacific Basin (PB) entered into 10 separate agreements with the owners of ships chartered-in by the company. According to the agreements 79,979,037 shares at a unit price of HKD 1.218 (a discount of 5.58% to the last closing price) are being offered in exchange of reduction in daily charter-hire rates to be paid by PB to the shipowners. As a result,…

Pacific Basin (2343 HK) - Issuance of New Shares an Opportunistic Move to Lower CostsNew shares in lieu of charter-hire cost - On 21 October 2016, Pacific Basin (PB) entered into 10 separate agreements with the owners of ships chartered-in by the company. According to the agreements 79,979,037 shares at a unit price of HKD 1.218 (a discount of 5.58% to the last closing price) are being offered in exchange of reduction in daily charter-hire rates to be paid by PB to the shipowners. As a result,…

Pacific Basin (2343 HK) - Issuance of New Shares an Opportunistic Move to Lower Costs

Hong Kong

Pacific Basin Shipping Limited, through its subsidiaries, provides marine transportation services and logistical support to its customers through the commercial operation of a large, modern, and uniformly-sized fleet of shallow-draft Handysize dry bulk carriers.

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Pacific Basin Shipping (2343 HK)

66 HK and SBUS SP: Attack on HK Metro Signals Increases in Transport Operators' Costs

Extending my point about more demanding transportation frameworks going forward (see ComfortDelGro FY16 Results: An Era Where Competition Hits a...

Valerie Law, CFA

DFRS Trading Idea 2017 #1 - Pacific Basin (2343 HK) - Time to Play Catch Up

DFRS Trading Idea 2017 #1 - Pacific Basin (2343 HK) - Time to Play Catch UpWe have been strong buyers of Pacific basin since April last year and it...

Drewry Maritime Financial Research

Shipping Stocks Go Bananas, the Worst Rising the Most

DRYS has now spiked (before suspension) more than 2000% post Trump and as the BDI (Baltic Dry Index) popped above 1,000. Most of the trading...

Charles De Trenck

DMER-Dry Bulk Shipping - The Overweight on Dry Bulk Is Paying off Handsomely

Dry Bulk Shipping - The Overweight on Dry Bulk Is Paying off HandsomelyWe have earlier advocated that “ the normalisation process will lead to...

Drewry Maritime Financial Research

Pacific Basin (2343 HK) - Issuance of New Shares an Opportunistic Move to Lower Costs

Pacific Basin (2343 HK) - Issuance of New Shares an Opportunistic Move to Lower CostsNew shares in lieu of charter-hire cost - On 21 October 2016,...

Drewry Maritime Financial Research

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