Yangzijiang: A Well Run Machine that Trades at 0.7x Book and 3.25 Ex-Cash PE
Share PriceYangzijiang Shipbuilding (YZJSGD SP) share price went up almost doubled in FY 2017 only to lose 40% in FY 2018 YTD. On May 30th this...
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Singapore Banks – Operational Positives at UOB Should Not Conceal Credit Quality Realities
We are the first to admit, that United Overseas Bank Ltd (UOB SP) core income drivers in 1Q18 were good. Funding cost growth was relatively subdued...
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The Week that Was in ASEAN@Smartkarma - Buoyant Budgets, Hospitals, and Telcos
This week's offering across ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive and actionable insights from across...
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Kitchen-Sinking Leads to Disappointing 4Q for Sembcorp Marine; Shares Still Overvalued
No-moat Sembcorp Marine Ltd (SMM SP)'s fourth-quarter net loss of SGD 34 million was below expectation due to weak operating leverage on the back...
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Last Week in Event SPACE - Mirae, Softbank, NTT Docomo, Kakao, A/H Shares
Last week, Mirae Asset Daewoo Securities Co Ltd (006800 KS)'s rights and arb opportunities; IPO'ing its mobile unit will provide a better...
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