United Overseas Bank: Go Underweight AT1
Underweight United Overseas Bank (UOBSP) Additional Tier 1 (AT1) bonds. From a relative value perspective, we believe these bonds are likely to...
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HSBC Holdings – Letting A Good Crisis Go To Waste
*FT Suggests Sea Change In US Strategy: In a Financial Times article dated May 25th“HSBC board rethinks overhaul and seeks even sharper cuts”, it...
336 Views
Standard Chartered and IFRS 9 Moves: We Prefer StanLn’s ’23 Callable AT1 to HSBC’s ‘23
Standard Chartered (StanLn) could benefit from a reset of IFRS 9 transitioning and expected credit loss (ECL) deferral, as proposed for European...
234 Views
The Week That Was in ASEAN@Smartkarma - Indonesia Cement, Thailand's Recovery, and SG REITs
This past week's offering of Insights across ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive and actionable...
278 Views
CIMB Group Holdings - Indo Could Be Dangerous
*Weak 1Q20 Results: CIMB Group Holdings (CIMB.MK) [CIMB} reported 1Q20 profit of MYR 498.8 mn – declining MYR 267.3 mn (34.9%) linked quarter....
219 Views