Global Gaming and Casinos Industry Specialist, Casino Business Review LLC

Howard J Klein

Global Gaming and Casinos Industry Specialist

Thematic (Sector/Industry)

<ul><li>Brexit was the first visible symptom that of the rise of the more insular, economically viable, semi-protectionist nation state is stirring to challenge the globalism mantra.</li><li>The election of US President Trump reinforces the idea that the nation state, not globalism per se, is the key actor in its own economic destiny.</li><li>Eurozone stalwarts Germany and France face seminal electoral tests on their globalism over national priorities this year.</li><li>Since announced in 2103, Chinas Silk Road mega-project is looking more like a "me first" deal than a "we" global citizen action.</li><li>The new Global Populism could produce mispricings in industry sectors heretofore considered sleepy in comparison with glamorous technology disruptors.</li></ul>

Brexit was the first visible symptom that of the rise of the more insular, economically viable, semi-protectionist nation state is stirring to challenge the globalism mantra.The election of US President Trump reinforces the idea that the nation state, not globalism per se, is the key actor in its own economic destiny.Eurozone stalwarts Germany and France face seminal electoral tests on their globalism over national priorities this year.Since announced in 2103, Chinas Silk Road mega-project is looking more like a "me first" deal than a "we" global citizen action.The new Global Populism could produce mispricings in industry sectors heretofore considered sleepy in comparison with glamorous technology disruptors.

Globalization May Be Going Extinct, Replaced by a New Global Populism

ASEAN Insight Provider, CrossASEAN Research

Angus Mackintosh

ASEAN Insight Provider

Smartkarma

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

Research Reinvented

This week we feature an interview with <a href="https://www.smartkarma.com/profiles/35" target="_blank" data-smartkarma-citation="accounts:35">Manu Bhaskaran</a> and his team at Centennial Asia, including <a href="https://www.smartkarma.com/profiles/48" target="_blank" data-smartkarma-citation="accounts:48">Jason Tan</a> and <a href="https://www.smartkarma.com/profiles/49" target="_blank" data-smartkarma-citation="accounts:49">Asees Bajaj</a> to canvass their views on South East Asia, with Indonesia a clear leader in their estimation. The volume of output of Insight Providers across ASEAN has picked up significantly this week, so buckle up and enjoy the ride.<a href="https://www.smartkarma.com/profiles/48" target="_blank" data-smartkarma-citation="accounts:48">Jason Tan</a> sees the economic gloom in Singapore starting to clear, with a pick up in bank loan growth, though employment prospects still look bleak in <a href="https://www.smartkarma.com/insights/singapore-the-gloom-is-clearing-but-slowly" target="_blank" data-smartkarma-citation="insights:8596">The</a>…

This week we feature an interview with Manu Bhaskaran and his team at Centennial Asia, including Jason Tan and Asees Bajaj to canvass their views on South East Asia, with Indonesia a clear leader in their estimation. The volume of output of Insight Providers across ASEAN has picked up significantly this week, so buckle up and enjoy the ride.Jason Tan sees the economic gloom in Singapore starting to clear, with a pick up in bank loan growth, though employment prospects still look bleak in The…

The Week that Was in ASEAN@Smartkarma - Politics, Pain and Soap Operas

Equity Research Analyst, Maritime sector, Drewry Maritime Financial Research

Ankush Kathuria CFA, FRM

Equity Research Analyst, Maritime sector

Maritime Sector, Equity & Credit Research

Drewry Maritime Financial Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

DFRS Container Shipping Bonds Outlook - Recovery Priced In, See Downside Risk from Current Levels<ul><li>
In the current interest rate environment, we support issues that lie higher on the risk spectrum with a short duration. We believe in high yield notes from companies that have proven abilities in raising funds through various sources, mitigating refinancing risk as rates pick up. Short duration is a key metric for our bond picks at the moment, as we anticipate further rate hikes during the year by…</li></ul>

DFRS Container Shipping Bonds Outlook - Recovery Priced In, See Downside Risk from Current Levels
In the current interest rate environment, we support issues that lie higher on the risk spectrum with a short duration. We believe in high yield notes from companies that have proven abilities in raising funds through various sources, mitigating refinancing risk as rates pick up. Short duration is a key metric for our bond picks at the moment, as we anticipate further rate hikes during the year by…

DFRS Container Shipping Bonds Outlook - Recovery Priced In, See Downside Risk from Current Levels

Container Shipping - Spot Rates Now Filtering into Contract Rates, Indicating a Big Positive ReversalIn our last update <a href="https://www.smartkarma.com/insights/container-shipping-spot-rates-touch-20-month-high" target="_blank">https://www.smartkarma.com/insights/container-shipping-spot-rates-touch-20-month-high</a> we had highlighted spot container freight rates on the major East-West routes reaching a 20-month high and having risen above the average of the last 5 years. WCI spot rates assessed by Drewry (USD / 40ft container)<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/020/332/original/wci1.JPG?1486437501" class="editor-image img-responsive" data-smartkarma-image-id="20332"></figure>Our recent channel checks suggest the spot rates are now having an increasingly…

Container Shipping - Spot Rates Now Filtering into Contract Rates, Indicating a Big Positive ReversalIn our last update https://www.smartkarma.com/insights/container-shipping-spot-rates-touch-20-month-high we had highlighted spot container freight rates on the major East-West routes reaching a 20-month high and having risen above the average of the last 5 years. WCI spot rates assessed by Drewry (USD / 40ft container)Our recent channel checks suggest the spot rates are now having an increasingly…

Container Shipping - Spot Rates Now Filtering into Contract Rates, Indicating Big Positive Reversal

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

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§  The SGX Maritime &amp; Offshore Services (MOE) Index, a benchmark for the MOE Sector, has rebounded 19.7% from its trough on 1 Sep 2016 in tandem with the recovery of crude oil prices, which may be an indication that the sector could be bottoming out.
 
§  Despite the rally, the 18 constituents within the SGX MOE Index are trading at an average current price-to-book (PB) ratio of 0.7x, with 10 of them trading below their book values.
 
§  Consensus estimates are expecting oil prices to stabilise and…
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§  The SGX Maritime &amp; Offshore Services (MOE) Index, a benchmark for the MOE Sector, has rebounded 19.7% from its trough on 1 Sep 2016 in tandem with the recovery of crude oil prices, which may be an indication that the sector could be bottoming out.
 
§  Despite the rally, the 18 constituents within the SGX MOE Index are trading at an average current price-to-book (PB) ratio of 0.7x, with 10 of them trading below their book values.
 
§  Consensus estimates are expecting oil prices to stabilise and…



SGX's MOE Sector Sustains 4Q16 Momentum into 2017

Philippines

SM Investments Corporation is an investment holding company. The Company operates retail business and develops shopping mall and other real estate property.  The Company also provides tourism services.

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SM Investments (SM PM)

Globalization May Be Going Extinct, Replaced by a New Global Populism

Brexit was the first visible symptom that of the rise of the more insular, economically viable, semi-protectionist nation state is stirring to...

Howard J Klein

The Week that Was in ASEAN@Smartkarma - Politics, Pain and Soap Operas

This week we feature an interview with Manu Bhaskaran and his team at Centennial Asia, including Jason Tan and Asees Bajaj to canvass their views...

Angus Mackintosh

DFRS Container Shipping Bonds Outlook - Recovery Priced In, See Downside Risk from Current Levels

DFRS Container Shipping Bonds Outlook - Recovery Priced In, See Downside Risk from Current Levels In the current interest rate environment, we...

Drewry Maritime Financial Research

Container Shipping - Spot Rates Now Filtering into Contract Rates, Indicating Big Positive Reversal

Container Shipping - Spot Rates Now Filtering into Contract Rates, Indicating a Big Positive ReversalIn our last...

Drewry Maritime Financial Research

SGX's MOE Sector Sustains 4Q16 Momentum into 2017

§ The SGX Maritime & Offshore Services (MOE) Index, a benchmark for the MOE Sector, has rebounded 19.7% from its trough on 1 Sep 2016 in...

Singapore Exchange Ltd (SGX)

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