Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

Thematic (Sector/Industry)

<ul><li>A likely Russian credit and currency crisis, the weakening Euro and ineptitude of BoJ &nbsp;combine to create a world of worry in markets and bank stocks in particular. The way this usually plays out is first with liquidity.&nbsp; </li><li>Banks pull credit lines from weaker banks (and weaker companies).&nbsp; </li><li>If a bank has a loan to deposit ratio (LDR) above 100%, it is often difficult to repay the redeemed credit line, as it means disposing of an asset, a loan – immediately. &nbsp; </li></ul>

A likely Russian credit and currency crisis, the weakening Euro and ineptitude of BoJ &nbsp;combine to create a world of worry in markets and bank stocks in particular. The way this usually plays out is first with liquidity.&nbsp; Banks pull credit lines from weaker banks (and weaker companies).&nbsp; If a bank has a loan to deposit ratio (LDR) above 100%, it is often difficult to repay the redeemed credit line, as it means disposing of an asset, a loan – immediately. &nbsp; 

Indonesia

PT Pacific Strategic Financial Tbk provides equity and fixed income securities trading, consultations, underwriting and corporate finance services.

PT Batavia Prosperindo Internasional Tbk offers customers business and management consultant services.

Batavia Prosperindo Internasional (BPII IJ)

PT Yulie Sekurindo Tbk provides securities trading and underwriting services.

P.T. Victoria Investama Tbk operates as a financial services company. The Company provides integrated financial services in brokerage, corporate finance and advisory.

PT MNC Kapital Indonesia Tbk manages strategic investments in the financial services sector throughout Indonesia. The Company, through its subsidiaries, provides a complete range of financial products and services consisting of life insurance, general insurance, consumer finance, operating & financial lease, asset management, brokerage & investment banking, and a fully licensed bank.

PT Trimegah Securities Tbk operates in the brokerage, underwriting, and investment management businesses.  The Company has operational offices in other major cities in Indonesia.

PT Panin Sekuritas Tbk provides financial services such as underwriting, brokering, investment management, investment advisory, and other related services.

PT Reliance Securities Tbk is a securities and underwriting firm.

PT Panca Global Securities Tbk provides securities trading and investment management services.

PT Minna Padi Investama Tbk is a diversified financial services company. The Company provides investment advisory and management, securities brokerage services, and research. Minna Padi Investama specializes in capital markets.

Jasmine Broadband Internet Infrastructure Fund is a holding company. The Company invest primarily in the telecommunications industry.

Jasmine Broadband Internet Infrastructure Fund (JASIF TB)

Jasmine Broadband Internet Infrastructure Fund

Guolian Securities Co. Ltd. offers financial services. The Company provides securities brokerage, asset management, securities investment, margin trading, share transfer agency, and other financial services.

MATSUI SECURITIES CO., LTD. provides online brokerage services through its website.  The Company offers investment news and educational services.

Bengal & Assam Company Ltd. is an investment company.  The Company derives its revenues from dividend income it receives from companies in which it holds investments; interest income; and rental income.

JM Financial Limited is a holding company which has subsidiaries in all major financial services. The Company's services include investment banking, institutional and retail brokerage, asset management (MF & alternative assets), commodities and asset reconstruction.

Hanwha Investment & Securities Co Ltd offers various financial services, such as securities dealing, brokerage, foreign exchange, corporate financing, and underwriting services. The Company also provides various services, such as stock index futures and options trading, mutual funds sales, bonds trading,online trading, and investment trust accounts.

President Securities Corp. is a securities firm which acts as a broker, dealer, and underwriter for financial securities.  The Company provides loans for margin trading and short selling.

Ichigo Inc. is a value-add real estate company. The Company's three key businesses are Value-Add, in which Ichigo acquires and improves mid-sized, prime location real estate, Asset Management including the Ichigo Office REIT (8975), and Clean Energy, in which Ichigo builds and operates solar power plants  on disused land nationwide.

IOOF Holdings Limited is a financial services company operating in Australia. The Company's services include personal superannuation, allocated pension services, employee superannuation retirement services and investment services.

Monex Group, Inc. is a holding company, which was established through merger between Monex and Nikko Beans. The Company manages its subsidiaries that provides investing services for self-directed investors through Internet and telephone.

PT Saratoga Investama Sedaya Tbk is an active investment company in Indonesia that was founded in 1998. The Company focuses on investment opportunities in the early-stage, growth stage, as well as in special conditions with emphasis on sectors that support Indonesian economic development, such as consumer, infrastructure, and natural resources.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Saratoga Investama Sedaya (SRTG IJ)

Be Wary of High LDR Banks at Present

A likely Russian credit and currency crisis, the weakening Euro and ineptitude of BoJ combine to create a world of worry in markets and bank...

Daniel Tabbush

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)