Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

Thematic (Sector/Industry)

My theory is that Uber failed in China not because its technology is not advanced. Rather, it failed because it entered a saturated market. As an app, Uber is new and great, but as a business model (matching people with cabs and car-pooling), this is an outdated concept in China. Hence, I’m not entirely surprised that the US company has failed to gain a foothold there.Here, I introduce a new mini-series about businesses, accounting, and investing practices within China experienced from the…

My theory is that Uber failed in China not because its technology is not advanced. Rather, it failed because it entered a saturated market. As an app, Uber is new and great, but as a business model (matching people with cabs and car-pooling), this is an outdated concept in China. Hence, I’m not entirely surprised that the US company has failed to gain a foothold there.Here, I introduce a new mini-series about businesses, accounting, and investing practices within China experienced from the…

China Business Observations: Why Uber "Failed" And Humans Are a Commodity (Episode 1)

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Change in Consumer Lifestyles in Asia Pacific Triggers Volume in Robotic Vacuum Cleaners (Part 1)Over 2016-2021, China is still expected to be a leading country in terms of absolute volume growth in robotic vacuum cleaners in Asia Pacific, with volume growth of 1.6 million units, followed by Japan and Thailand. In Asia Pacific, there are various reasons driving the growth in these countries apart from the universal preference for convenience among global consumers. The growing trend towards purchasing via internet retailing in China, the increased number of working women in Japan, in addition to the preference to stay in condominiums nearby transportation systems are triggering the growth of robotic vacuum cleaners in Asia Pacific.

Change in Consumer Lifestyles in Asia Pacific Triggers Volume in Robotic Vacuum Cleaners (Part 1)Over 2016-2021, China is still expected to be a leading country in terms of absolute volume growth in robotic vacuum cleaners in Asia Pacific, with volume growth of 1.6 million units, followed by Japan and Thailand. In Asia Pacific, there are various reasons driving the growth in these countries apart from the universal preference for convenience among global consumers. The growing trend towards purchasing via internet retailing in China, the increased number of working women in Japan, in addition to the preference to stay in condominiums nearby transportation systems are triggering the growth of robotic vacuum cleaners in Asia Pacific.

Change in Consumer Lifestyles in Asia Pacific Triggers Volume in Robotic Vacuum Cleaners (Part 1)

Equity Capital Markets

COFCO Joycome Foods / Equity Capital Markets

Following my IPO preview piece on COFCO Meat, there were some enquiries on the history of COFCO Meat. Below are some pieces of history regarding COFCO Meat and its siblings. <h2>
 "Angry birds" ate all the profits so they got culled
</h2>According to reports from Beijing Business Today (and subsequently picked up by <a href="http://news.xinhuanet.com/fortune/2016-09/08/c_129273606.htm" target="_blank">Xinhua News</a>), COFCO Meat sold away its stake in COFCO Su Qian that was held under its subsidiary COFCO Livestock. Based on news sources, COFCO Suqian was in the business of chicken breeding…

Following my IPO preview piece on COFCO Meat, there were some enquiries on the history of COFCO Meat. Below are some pieces of history regarding COFCO Meat and its siblings. 
 "Angry birds" ate all the profits so they got culled
According to reports from Beijing Business Today (and subsequently picked up by Xinhua News), COFCO Meat sold away its stake in COFCO Su Qian that was held under its subsidiary COFCO Livestock. Based on news sources, COFCO Suqian was in the business of chicken breeding…

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 Consumer Staples Sector is made up of businesses less sensitive to economic cycles. In comparison, the performance of businesses in the Consumer Discretionary Sector tend to be more impacted by these cycles.
 
§  Globally, the MSCI World Consumer Staples Index has generated a 2.7% dividend inclusive YTD return while regionally, the MSCI AC Asia Pacific Consumer Staples Index generated a 5.7% dividend inclusive YTD return. This compared to a 1.3% decline and 0.8% gain for the…
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§  The Consumer Staples Sector is made up of businesses less sensitive to economic cycles. In comparison, the performance of businesses in the Consumer Discretionary Sector tend to be more impacted by these cycles.
 
§  Globally, the MSCI World Consumer Staples Index has generated a 2.7% dividend inclusive YTD return while regionally, the MSCI AC Asia Pacific Consumer Staples Index generated a 5.7% dividend inclusive YTD return. This compared to a 1.3% decline and 0.8% gain for the…




Consumer Staples Offered Investor Returns Amid Lower Growth Outlooks

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

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

Research Reinvented

Just three days after Hong Kong-listed pork producer <a href="https://www.smartkarma.com/entities/13200" target="_blank" data-smartkarma-citation="entities:13200:1">WH Group Ltd (288 HK)</a> reported its 1H16 results (link to <a href="http://www.hkexnews.hk/listedco/listconews/SEHK/2016/0821/LTN20160821035.pdf" target="_blank">financial statement</a>, <a href="http://www.wh-group.com/en/ir/presentations/pre160821.pdf" target="_blank">presentation</a>) on August 21st, its pre-IPO shareholder CDH is placing US$900m shares this evening. In this insight, we will quickly recap on its results and score the deal in our Smartkarma ECM framework. Large deal size that is equivalent to 65 days ADV appears to be a concern, however, we do see there are reasons for a longer term investment than a short term trade.…

Just three days after Hong Kong-listed pork producer WH Group Ltd (288 HK) reported its 1H16 results (link to financial statement, presentation) on August 21st, its pre-IPO shareholder CDH is placing US$900m shares this evening. In this insight, we will quickly recap on its results and score the deal in our Smartkarma ECM framework. Large deal size that is equivalent to 65 days ADV appears to be a concern, however, we do see there are reasons for a longer term investment than a short term trade.…

WH Group Placement: Encouraging Results, and Finally the Opportunity for CDH

Hong Kong

WH Group Limited operates as a holdings company. The Company, through its subsidiaries, provides meat processing services, supplies chilled meat, meat products, and other related products.

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WH Group (288 HK)

China Business Observations: Why Uber "Failed" And Humans Are a Commodity (Episode 1)

My theory is that Uber failed in China not because its technology is not advanced. Rather, it failed because it entered a saturated market. As an...

Valerie Law, CFA

Change in Consumer Lifestyles in Asia Pacific Triggers Volume in Robotic Vacuum Cleaners (Part 1)

Change in Consumer Lifestyles in Asia Pacific Triggers Volume in Robotic Vacuum Cleaners (Part 1)Over 2016-2021, China is still expected to be a...

Euromonitor International Ltd.

COFCO Meat IPO: Revenge of the Pigs

Following my IPO preview piece on COFCO Meat, there were some enquiries on the history of COFCO Meat. Below are some pieces of history regarding...

Valerie Law, CFA

Consumer Staples Offered Investor Returns Amid Lower Growth Outlooks

§ The Consumer Staples Sector is made up of businesses less sensitive to economic cycles. In comparison, the performance of businesses...

Singapore Exchange Ltd (SGX)

WH Group Placement: Encouraging Results, and Finally the Opportunity for CDH

Just three days after Hong Kong-listed pork producer WH Group Ltd (288 HK) reported its 1H16 results (link to financial statement, presentation) on...

Ke Yan, CFA, FRM

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