Asia focused research insights & advisory, Asia Advisors

Vinay Patel

Asia focused research insights & advisory

Asia Advisors

Asia Advisors is an independent financial advisory and research firm working closely with corporates and institutions to provide consulting solutions & research insights. We provide advisory services including capital solutions, business strategy and investment insights.
Firm is headed by Vinay Patel who has close to two decades of experience in research and business development at large, international investment banks such as HSBC and ICICI Securities. Led research efforts in areas of Macroeconomics, Asset Allocation & Investment Strategy for close to a decade in global & domestic research teams. As a business head in Singapore, advised top global investment management firms & Portfolio managers in Asia for India related investments.
Vinay was recently joined by Swapnil Manish, an investment banker and ex-ecommerce entrepreneur with more than 12 years of experience. Swapnil was the TMT banker at BNP Paribas and was part of several large M&A and ECM transactions (Bharti-Zain, Bharti Infratel IPO, Schneider-Zicom among several others). He's also had a stint as an ecommerce entrepreneur having launched & led Mumbai's first online grocery player.

Thematic (Sector/Industry)

Severe liquidity crunch affects NBFC lending with several NBFCs, including the housing finance companies reporting a slowdown in lending. NBFCs had become an important part of the credit market extending credit to pockets not explored by banks like the SMEs, MSME and self-employed. With a 44% share of the credit market (up from 21% in 2014), NBFCs are an important component of the financial system today and a slowdown in NBFCS will impact sectors like housing, autos and other discretionary consumption products. While the NBFCs are looking to some help from the RBI (direct liquidity support) as it did provide in 2013 but given the rapid growth of NBFC credit (25%+ in FY18), the RBI may just be welcoming this moderation

Severe liquidity crunch affects NBFC lending with several NBFCs, including the housing finance companies reporting a slowdown in lending. NBFCs had become an important part of the credit market extending credit to pockets not explored by banks like the SMEs, MSME and self-employed. With a 44% share of the credit market (up from 21% in 2014), NBFCs are an important component of the financial system today and a slowdown in NBFCS will impact sectors like housing, autos and other discretionary consumption products. While the NBFCs are looking to some help from the RBI (direct liquidity support) as it did provide in 2013 but given the rapid growth of NBFC credit (25%+ in FY18), the RBI may just be welcoming this moderation 

Gold Rush for NBFCs May End as Worst Liquidity Crisis in a Decade Bites; Banks Review Exposure Norms

APAC IPOs & Placements

Zhen Zhou, Toh

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

Equity Capital Markets

IndoStar Capital Finance Ltd / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/27025" target="_blank" data-smartkarma-citation="entities:27025:1">IndoStar Capital Finance Ltd (0607155D IN)</a> is looking to raise about US$275m in its upcoming IPO and proceeds will be used to increase capital base to meet future capital requirements.In this insight, we will examine the company's past performance, analyze the corporate and SME lending industry in which the company is currently operating in, and compare it to other listed NBFC peers. Last, but not least, we will also run the deal through our ECM framework.

IndoStar Capital Finance Ltd (0607155D IN) is looking to raise about US$275m in its upcoming IPO and proceeds will be used to increase capital base to meet future capital requirements.In this insight, we will examine the company's past performance, analyze the corporate and SME lending industry in which the company is currently operating in, and compare it to other listed NBFC peers. Last, but not least, we will also run the deal through our ECM framework.

IndoStar Capital Finance IPO Review - Loans and Advances Growth Stalled in 1H 2018

India focused Portfolio Advisory - Exp of 40+years, Das Capital Management and Advisors

Arun Thirumalai

India focused Portfolio Advisory - Exp of 40+years

Das Capital Management and Advisors

Das Capital is a research boutique with an aim to continuously map and plan the investment needs of investors focused on India. We have a six member research team with a combined experience of over 40 years as a part of our investment wing. Our team assisted in the setup of Premji Investments, which was one of India’s first family offices focused to managing Mr.Azim Premji personal wealth. We also serve as a research team to two Indian private equity energy funds “Small is Beautiful” and “KSK Emerging India Energy Fund”.

Macroeconomics

This is the second edition of our annual update on the Indian economy and equity markets in FY18 and the outlook of the economy for FY19 and ahead. This report addresses the key domestic and global events in the last fiscal that influenced the indices, the barometer for the health of the Indian economy. The report then focuses on the progress of key reforms implemented by the government that may drive the Indian economy and the stock markets in the medium to long-term, outlook for the near future and the key risk factors that can become an impediment to the GDP growth, going forward.

This is the second edition of our annual update on the Indian economy and equity markets in FY18 and the outlook of the economy for FY19 and ahead. This report addresses the key domestic and global events in the last fiscal that influenced the indices, the barometer for the health of the Indian economy. The report then focuses on the progress of key reforms implemented by the government that may drive the Indian economy and the stock markets in the medium to long-term, outlook for the near future and the key risk factors that can become an impediment to the GDP growth, going forward.

India Annual Update FY18 and Outlook for FY19- Structural Reforms to Unleash the Indian Growth Story

Senior investment analyst

Pallavi Deshpande

Equity Bottom-Up

Cholamandalam Investment and Finance / Equity Bottom-Up

<a href="https://www.smartkarma.com/entities/17583" target="_blank" data-smartkarma-citation="entities:17583:1">Cholamandalam Invest &amp; Fin Co Ltd (CIFC IN)</a> (Chola) reported Q4 and FY18 results yesterday and followed up with an analyst call today.Chola beat consensus expectations for 4QFY18 driven by disbursement growth of 54%, NIMs increasing 40 bps / 70 bps QoQ / YoY to 8.4% (net of business origination expense) and with credit costs contained at 1%. We think investors are likely to focus on the sustainability of the NIM going forward, while a deceleration in disbursements is expected.  The vehicle…

Cholamandalam Invest &amp; Fin Co Ltd (CIFC IN) (Chola) reported Q4 and FY18 results yesterday and followed up with an analyst call today.Chola beat consensus expectations for 4QFY18 driven by disbursement growth of 54%, NIMs increasing 40 bps / 70 bps QoQ / YoY to 8.4% (net of business origination expense) and with credit costs contained at 1%. We think investors are likely to focus on the sustainability of the NIM going forward, while a deceleration in disbursements is expected.  The vehicle…

Cholamandalam: Winning from the Trifecta of NIM, Loan Growth and Asset Quality

India - Politics, Industrials, IT and Large Caps, EMAlpha

Pankaj Sharma

India - Politics, Industrials, IT and Large Caps

Rural is likely to be an interesting investment theme in Indian markets because of expectations that the Govt will focus more on agriculture. There are several options to play this but if we apply filters like recent stock performance, market positioning and relative contribution of rural and its importance as a stock driver, we think <a href="https://www.smartkarma.com/entities/2391" target="_blank" data-smartkarma-citation="entities:2391:1">Hero Motocorp Ltd (HMCL IN)</a>, <a href="https://www.smartkarma.com/entities/242" target="_blank" data-smartkarma-citation="entities:242:1">Dabur India Ltd (DABUR IN)</a> and <a href="https://www.smartkarma.com/entities/12089" target="_blank" data-smartkarma-citation="entities:12089:1">Dhanuka Agritech Ltd (DAGRI IN)</a> are among more interesting names.

Rural is likely to be an interesting investment theme in Indian markets because of expectations that the Govt will focus more on agriculture. There are several options to play this but if we apply filters like recent stock performance, market positioning and relative contribution of rural and its importance as a stock driver, we think Hero Motocorp Ltd (HMCL IN), Dabur India Ltd (DABUR IN) and Dhanuka Agritech Ltd (DAGRI IN) are among more interesting names.

India: Three Stocks to Play the Rural Theme

India

Shriram Finance Limited provides consumer finance services. The Company offers automobile, commercial vehicle, business, and gold loan services. Shriram Finance serves customers in India.

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

Shriram Finance (SHFL IN)

Gold Rush for NBFCs May End as Worst Liquidity Crisis in a Decade Bites; Banks Review Exposure Norms

Severe liquidity crunch affects NBFC lending with several NBFCs, including the housing finance companies reporting a slowdown in lending. NBFCs had...

Asia Advisors

IndoStar Capital Finance IPO Review - Loans and Advances Growth Stalled in 1H 2018

IndoStar Capital Finance Ltd (0607155D IN) is looking to raise about US$275m in its upcoming IPO and proceeds will be used to increase capital base...

Zhen Zhou, Toh

India Annual Update FY18 and Outlook for FY19- Structural Reforms to Unleash the Indian Growth Story

This is the second edition of our annual update on the Indian economy and equity markets in FY18 and the outlook of the economy for FY19 and ahead....

Das Capital Management and Advisors

Cholamandalam: Winning from the Trifecta of NIM, Loan Growth and Asset Quality

Cholamandalam Invest & Fin Co Ltd (CIFC IN) (Chola) reported Q4 and FY18 results yesterday and followed up with an analyst call today.Chola...

Pallavi Deshpande

India: Three Stocks to Play the Rural Theme

Rural is likely to be an interesting investment theme in Indian markets because of expectations that the Govt will focus more on agriculture. There...

Pankaj Sharma

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)