Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

We mentioned in our previous report <a href="https://www.smartkarma.com/insights/national-assembly-4-year-cycles-its-impact-on-korean-construction-stocks" target="_blank" data-smartkarma-citation="insights:2812">National Assembly 4 Year Cycles &amp; Its Impact on Korean Construction Stocks</a> how the major Korean construction stocks on average tended to outperform the KOSPI index on absolute and relative to KOSPI three months leading into the election and underperform the KOSPI index on absolute and relative terms three months after each of the past four National Assembly elections in Korea.We believe now is a prime time to become more cautious on the four major construction…

We mentioned in our previous report National Assembly 4 Year Cycles &amp; Its Impact on Korean Construction Stocks how the major Korean construction stocks on average tended to outperform the KOSPI index on absolute and relative to KOSPI three months leading into the election and underperform the KOSPI index on absolute and relative terms three months after each of the past four National Assembly elections in Korea.We believe now is a prime time to become more cautious on the four major construction…

Warning on Korean Construction Stocks: Ruling Saenuri Party Is Crushed in National Assembly Election

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.

Container Shipping - Woes for Carriers Deepen, Stay Sellers of APMMContract rates under severe pressure, losses to widen. According to Drewry’s Benchmarking Club, ocean freight rates for cargo moving under contracts on the major East-West trade routes have already dropped by 20% in the year to February and are on course to see further deep reductions from May. The Drewry Benchmarking Club Contract Rate Index, based on Trans Pacific and Asia-Europe contract freight rate data, declined by another…

Container Shipping - Woes for Carriers Deepen, Stay Sellers of APMMContract rates under severe pressure, losses to widen. According to Drewry’s Benchmarking Club, ocean freight rates for cargo moving under contracts on the major East-West trade routes have already dropped by 20% in the year to February and are on course to see further deep reductions from May. The Drewry Benchmarking Club Contract Rate Index, based on Trans Pacific and Asia-Europe contract freight rate data, declined by another…

Container Shipping - Woes for Carriers Deepen, Stay Sellers of APMM

Consolidation in the Liner Industry Container shipping companies confront the enormous challenges facing the industry today. One of the options available to lines is consolidation; this is essential for the industry but fraught with difficulty for the lines involved. We at Drewry have prepared a thought leadership paper which looks at the industry context, historical M&amp;A activity, and the benefits and risks to participants and proposes some must dos for successful liner consolidation.

Consolidation in the Liner Industry Container shipping companies confront the enormous challenges facing the industry today. One of the options available to lines is consolidation; this is essential for the industry but fraught with difficulty for the lines involved. We at Drewry have prepared a thought leadership paper which looks at the industry context, historical M&amp;A activity, and the benefits and risks to participants and proposes some must dos for successful liner consolidation. 

Oil tanker market has been pretty strong past couple of days with rates on benchmark AG-Japan trade crossing $80,000 per day. Higher number if cargoes have supported the demand with West African chartering activity rising the to highest level since January. There has been some notable spike in Chinese demand as well. We would like to highlight another key factor which could be underpinning the market in short term, the return of floating storage. After a brief period of profitable window in…

Oil tanker market has been pretty strong past couple of days with rates on benchmark AG-Japan trade crossing $80,000 per day. Higher number if cargoes have supported the demand with West African chartering activity rising the to highest level since January. There has been some notable spike in Chinese demand as well.  We would like to highlight another key factor which could be underpinning the market in short term, the return of floating storage. After a brief period of profitable window in…

Brimming Onshore Storage Forcing Traders Towards Oil Tankers

<table class="table table-striped"><tbody><tr><td><h2>Valemaxes May Have Delivered the Knock-Out Punch to the Capesize Market</h2></td></tr></tbody></table>It was a pleasure reading <a href="https://www.smartkarma.com/insights/china-s-ship-subsidies-from-hell" target="_blank">https://www.smartkarma.com/insights/china-s-ship-subsidies-from-hell</a> by <a href="https://www.smartkarma.com/profiles/36" target="_blank" data-smartkarma-citation="accounts:36">Charles De Trenck</a>  this morning. Great insight into how wrong policy mistakes can lead to a lost decade for the industry.We belive the Capesize market outlook worsens further as three Chinese companies, Cosco Group, China Merchants Group and ICBC Financial Leasing have ordered 30 Valemaxes of 400,000 dwt each. Through these…

Valemaxes May Have Delivered the Knock-Out Punch to the Capesize MarketIt was a pleasure reading https://www.smartkarma.com/insights/china-s-ship-subsidies-from-hell by Charles De Trenck  this morning. Great insight into how wrong policy mistakes can lead to a lost decade for the industry.We belive the Capesize market outlook worsens further as three Chinese companies, Cosco Group, China Merchants Group and ICBC Financial Leasing have ordered 30 Valemaxes of 400,000 dwt each. Through these…

Valemaxes May Have Delivered the Knock-Out Punch to the Capesize Market

United States

TransDigm Group, Inc., through subsidiaries, manufactures aircraft components. The Company produces ignition systems and components, gear pumps, mechanical/electromechanical actuators and controls, NiCad batteries/chargers, power conditioning devices, hold-open rods and locking devices, engineered connectors and latches, cockpit security devices, and AC/DC electric motors.

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Transdigm Group (TDG US)

Warning on Korean Construction Stocks: Ruling Saenuri Party Is Crushed in National Assembly Election

We mentioned in our previous report National Assembly 4 Year Cycles & Its Impact on Korean Construction Stocks how the major Korean...

Douglas Kim

Container Shipping - Woes for Carriers Deepen, Stay Sellers of APMM

Container Shipping - Woes for Carriers Deepen, Stay Sellers of APMMContract rates under severe pressure, losses to widen. According to Drewry’s...

Drewry Maritime Financial Research

Consolidation in the Liner Industry

Consolidation in the Liner Industry Container shipping companies confront the enormous challenges facing the industry today. One of the options...

Drewry Maritime Financial Research

Brimming Onshore Storage Forcing Traders Towards Oil Tankers

Oil tanker market has been pretty strong past couple of days with rates on benchmark AG-Japan trade crossing $80,000 per day. Higher number if...

Drewry Maritime Financial Research

Valemaxes May Have Delivered the Knock-Out Punch to the Capesize Market

It was a pleasure reading https://www.smartkarma.com/insights/china-s-ship-subsidies-from-hell by Charles De Trenck this morning. Great insight...

Drewry Maritime Financial Research

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