Product Marketing Manager, Criat

Raghav Chandra Mathur

Product Marketing Manager

Next-Generation Credit Analytics Provider

Criat

Criat specializes in new-generation data-driven credit analytics. Leveraging our industry-leading DeepCredit analytical technologies, we produce daily-updated forward-looking credit assessment and valuation to help financial institutions stay ahead of risks. Coupled with use-case-driven applications, we extract insights, answer questions and enable smarter credit decisions.

Thematic (Sector/Industry)

<ul>
<li>Oil spot prices have gained at a relatively stable pace since the start of 2024, with crude prices rising close to 19% year to date.</li>
<li>Robust demand due to recovery in economic activity across major markets has been a steady tailwind to oil prices despite the prevalent geo-political catalysts that have spurred across global markets.</li>
<li>Globally listed oil and gas producers and service providers have therefore seen a marginal improvement in their aggregate credit risk profiles, with their Criat Credit Cycle Index (CCCI) dropping by close to 2bps over the same period.</li>
</ul>


Oil spot prices have gained at a relatively stable pace since the start of 2024, with crude prices rising close to 19% year to date.
Robust demand due to recovery in economic activity across major markets has been a steady tailwind to oil prices despite the prevalent geo-political catalysts that have spurred across global markets.
Globally listed oil and gas producers and service providers have therefore seen a marginal improvement in their aggregate credit risk profiles, with their Criat Credit Cycle Index (CCCI) dropping by close to 2bps over the same period.


Global O&G Firms' Credit Quality Improves on Tighter Oil Markets

APAC IPOs & Placements, Aequitas Research

Ethan Aw

APAC IPOs & Placements

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/mitsui-e-s-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:2402:1" rel="noopener">Mitsui E&amp;S Holdings (7003 JP)</a> is looking to raise approximately US$451m through a secondary follow-on offering, via selling approximately 21.9m shares (32% of TSO) of <a href="https://www.smartkarma.com/entities/modec-inc" target="_blank" data-smartkarma-citation="entities:2840:1" rel="noopener">Modec Inc (6269 JP)</a>’s stock. </li>
<li>The deal is a large one to digest at 81 days of three month ADV. </li>
<li>In this note, we will talk about the placement and run the deal through our ECM framework.</li>
</ul>



Mitsui E&amp;S Holdings (7003 JP) is looking to raise approximately US$451m through a secondary follow-on offering, via selling approximately 21.9m shares (32% of TSO) of Modec Inc (6269 JP)’s stock. 
The deal is a large one to digest at 81 days of three month ADV. 
In this note, we will talk about the placement and run the deal through our ECM framework.


Modec Placement - Deal Seems a Little Opportunistic but Not Particularly Expensive

Silver Point

Thomas J. Monaco

Independent Insight Provider

Silver Point is a boutique research firm that focuses on the broader financial services sector, with a particular focus on troubled institutions globally. 

Asia Ex Japan

* USD has increased 4.4% quarter-to-date and highlights rising pressure on emerging markets, and the threat of an incredibly painful short squeeze; * With just two fallen angels Argentina and Turkey (as a “one-off” or “two-off”), Brazil, Indonesia, Mexico, and Nigeria are at least several other likely  potential “three-offs” given the decline in market confidence:<h2>Investment Summary</h2>The Bloomberg Spot Dollar Index, which is comprised of a basket of ten currencies (MXN, EUR, CAD, AUD, KRW, INR…

* USD has increased 4.4% quarter-to-date and highlights rising pressure on emerging markets, and the threat of an incredibly painful short squeeze; * With just two fallen angels Argentina and Turkey (as a “one-off” or “two-off”), Brazil, Indonesia, Mexico, and Nigeria are at least several other likely  potential “three-offs” given the decline in market confidence:Investment SummaryThe Bloomberg Spot Dollar Index, which is comprised of a basket of ten currencies (MXN, EUR, CAD, AUD, KRW, INR…

Other Emerging Market Dominoes Set to Fall

Argentina

Petrobras Argentina S.A. explores for, produces, refines, and transports oil and natural gas in South America.  The Company also manufactures styrene and synthetic rubber, polypropylene and polystyrene, and also generates and distributes electricity.

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Petrobras Argentina Sa (PESA AR)

Global O&G Firms' Credit Quality Improves on Tighter Oil Markets

Oil spot prices have gained at a relatively stable pace since the start of 2024, with crude prices rising close to 19% year to date. Robust demand...

Criat

Modec Placement - Deal Seems a Little Opportunistic but Not Particularly Expensive

Books will be closing today (21st May 24) and pricing will be tomorrow (22nd May 24) at the earliest. The stock has fallen by around 15% since we...

Ethan Aw

Other Emerging Market Dominoes Set to Fall

* USD has increased 4.4% quarter-to-date and highlights rising pressure on emerging markets, and the threat of an incredibly painful short...

Thomas J. Monaco

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52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)