ANE Logistics IPO - Weird Disclosures Continue
ANE, an express freight network operator in China for less-than-truckload (LTL) market, aims to raise around US$174m in its Hong Kong IPO. The...
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Postal Savings Bank of China – Reserve Reversals Expected
POSTAL SAVINGS BANK: PSB's QOQ 3Q21 increased 18.6%, due largely to credit leverage and net interest income improvement. PSB’s reserves appear...
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Ping An Insurance – Another Abysmal Result
PING AN: Ping An reported a QOQ 3Q21 results decline of 23.2%, attributed to its investment portfolio. Excluding PAB, whose results were managed,...
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China Evergrande Group – China’s Wrecking Ball
EVERGRANDE: Evergrande magically made an interest payment to bondholders, escaping default by the skin of its teeth. This self-inflicted wound...
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Ping An Insurance – Breaking The Bank
PING AN: PAB reported 3Q21 QOQ growth of 55.0%. Credit quality was abysmal and Ping An is pulling on its bank lever to offset another quarter self...
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