China Banks – Big Capital Raises Coming
CHINA BANKS: The PBOC and CBIRC released finalized new capital standards for the country’s D-SIBs. Equity raises require P/BV over 1.0x and many of...
176 Views
Asia Short Interest: Tencent, Ping An, Baidu, BASE, Toshiba, GMO Payment, BeNext, Inventec, Mediatek
The Insight looks at large short interest movements across HK, Japan, Korea and Taiwan stocks and highlights large increases/decreases in shorts to...
426 Views
China Construction Bank – Still Chunky NPL Increases
CHINA CONSTRUCTION BANK: CCB reported a 4Q20 core earnings results decline 7.5% QOQ. Weakness can be attributed to a massive increase in costs and...
196 Views
Postal Savings Bank of China – Excess Provisioning
POSTAL SAVINGS BANK: PSB reported a 40.8% decline in QOQ results, as loss provisioning was too high relative to risk is peaking; and an operating...
166 Views
ZhongAn Online P&C Insurance – Don’t Believe The Hype
ZHONGAN ONLINE P&C INSURANCE: ZhongAn reported full year 2020 bottom-line results of CNY 554 mn. We have a difficult time believing that ZhongAn...
197 Views