Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Thematic (Sector/Industry)

On Tuesday morning we spoke to Mr. S.S. Teo, Managing Director of Pacific International Lines (PIL). PIL is a private, family-owned container carrier currently ranked number thirteen world-wide in terms of fleet carrying capacity (about 376,000 TEUs according to Alphaliner). PIL has a strong presence in trades between East Asia and India, the Middle East, and Africa, and a much smaller presence in the larger trades connecting Asia, North America, and Europe; it mainly serves these latter markets…

On Tuesday morning we spoke to Mr. S.S. Teo, Managing Director of Pacific International Lines (PIL). PIL is a private, family-owned container carrier currently ranked number thirteen world-wide in terms of fleet carrying capacity (about 376,000 TEUs according to Alphaliner). PIL has a strong presence in trades between East Asia and India, the Middle East, and Africa, and a much smaller presence in the larger trades connecting Asia, North America, and Europe; it mainly serves these latter markets…

Pacific International Lines' MD Discusses Container Sector Consolidation: 'Fewer Weddings' in 2017

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

In this week's ASEAN weekly offering I include a "Bonus Insight" with <a href="https://www.smartkarma.com/entities/440" target="_blank" data-smartkarma-citation="entities:440:1">Bank Central Asia Tbk Pt (BBCA IJ)</a> from my visit to Jakarta last week. Please read to the end to discover a surprisingly optimistic view from a generally very conservative bank.This week we had some great bottom-up insights on the telecom sector including a positive view on <a href="https://www.smartkarma.com/entities/6848" target="_blank" data-smartkarma-citation="entities:6848:1">Sarana Menara Nusantara Pt (TOWR IJ)</a> (Protelindo) from <a href="https://www.smartkarma.com/profiles/286" target="_blank" data-smartkarma-citation="accounts:286">New Street Research</a>, an inaugural note from <a href="https://www.smartkarma.com/profiles/1218" target="_blank" data-smartkarma-citation="accounts:1218">Surabhi Chopra</a> on <a href="https://www.smartkarma.com/entities/1051" target="_blank" data-smartkarma-citation="entities:1051:1">Telekomunikasi Indonesia (TLKM IJ)</a>…

In this week's ASEAN weekly offering I include a "Bonus Insight" with Bank Central Asia Tbk Pt (BBCA IJ) from my visit to Jakarta last week. Please read to the end to discover a surprisingly optimistic view from a generally very conservative bank.This week we had some great bottom-up insights on the telecom sector including a positive view on Sarana Menara Nusantara Pt (TOWR IJ) (Protelindo) from New Street Research, an inaugural note from Surabhi Chopra on Telekomunikasi Indonesia (TLKM IJ)…

The Week That Was in ASEAN@Smartkarma - Towers, Birds, and Banking

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.

Equity Bottom-Up

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§  Singapore lists over 100 stocks with market capitalisation above S$1 billion. These stocks have averaged a 7.5% gain in the 2017 YTD, taking their average 12 month total return to 15.4%. The three stocks that were the strongest performers over the past 12 months were GSH Corp, China Aviation Oil Singapore and Japfa.
 
§  Business Returns of the stocks were consistent with average Return on Equity (ROE) for the past 12 months and five years, at 11.7%.  The three stocks that have seen the biggest…
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§  Singapore lists over 100 stocks with market capitalisation above S$1 billion. These stocks have averaged a 7.5% gain in the 2017 YTD, taking their average 12 month total return to 15.4%. The three stocks that were the strongest performers over the past 12 months were GSH Corp, China Aviation Oil Singapore and Japfa.
 
§  Business Returns of the stocks were consistent with average Return on Equity (ROE) for the past 12 months and five years, at 11.7%.  The three stocks that have seen the biggest…



Billionaire Stocks Have Averaged 7.5% Gain in 2017 YTD

In this week's ASEAN Weekly, we have <a href="https://www.smartkarma.com/profiles/1208" target="_blank" data-smartkarma-citation="accounts:1208">Nicolas Van Broekhoven</a> publishing his inaugural Insight on <a href="https://www.smartkarma.com/entities/19384" target="_blank" data-smartkarma-citation="entities:19384:1">Micro Mechanics (Holdings) Ltd (MMH SP)</a>, which looks like an interesting cash rich value play. <a href="https://www.smartkarma.com/profiles/48" target="_blank" data-smartkarma-citation="accounts:48">Jason Tan</a> highlights Singapore's monetary dilemma, where it will now need to rely more on fiscal stimulus to lift the economy. <a href="https://www.smartkarma.com/profiles/35" target="_blank" data-smartkarma-citation="accounts:35">Manu Bhaskaran</a> applauds Ahok's victory in the first round of the Jakarta Governor's election but he may need President Jokowi's help to win out next time round.<a href="https://www.smartkarma.com/profiles/827" target="_blank" data-smartkarma-citation="accounts:827">Control Risks</a> writes…

In this week's ASEAN Weekly, we have Nicolas Van Broekhoven publishing his inaugural Insight on Micro Mechanics (Holdings) Ltd (MMH SP), which looks like an interesting cash rich value play. Jason Tan highlights Singapore's monetary dilemma, where it will now need to rely more on fiscal stimulus to lift the economy. Manu Bhaskaran applauds Ahok's victory in the first round of the Jakarta Governor's election but he may need President Jokowi's help to win out next time round.Control Risks writes…

The Week That Was in Asean@Smartkarma - Policy Shifts, Taxing Diesel and Micro Lending

Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

There were a couple of news items this week that convinced me that the Singapore government will not protect traditional businesses or practices, from disruption. Even the Singapore government has started to shift its career-advancement practices (<a href="http://www.straitstimes.com/singapore/civil-servants-no-longer-grouped-by-education-level" target="_blank">civil servants no longer grouped by educational level</a>) and the channels it propagates messages. 1. First, a headline that can't be missed:  On Wednesday (22 February), the Business Times headline screams: Signal goes out to struggling firms: Buck up -…

There were a couple of news items this week that convinced me that the Singapore government will not protect traditional businesses or practices, from disruption. Even the Singapore government has started to shift its career-advancement practices (civil servants no longer grouped by educational level) and the channels it propagates messages. 1. First, a headline that can't be missed:  On Wednesday (22 February), the Business Times headline screams: Signal goes out to struggling firms: Buck up -…

Singapore: Traditional Firms Must Disrupt Themselves or The Market Will Do It

Singapore

Yangzijiang Shipbuilding (Holdings) Limited builds a wide range of ships. The Company produces a wide range of commercial vessels, mini bulk carriers, multi-purpose cargo vessels, containerships, chemical tankers, offshore supply vessels, rescue and salvage vessels, and lifting vessels.

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Yangzijiang Shipbuilding (YZJSGD SP)

Pacific International Lines' MD Discusses Container Sector Consolidation: 'Fewer Weddings' in 2017

On Tuesday morning we spoke to Mr. S.S. Teo, Managing Director of Pacific International Lines (PIL). PIL is a private, family-owned container...

Daniel Hellberg

The Week That Was in ASEAN@Smartkarma - Towers, Birds, and Banking

In this week's ASEAN weekly offering I include a "Bonus Insight" with Bank Central Asia Tbk Pt (BBCA IJ) from my visit to Jakarta last week. Please...

Angus Mackintosh

Billionaire Stocks Have Averaged 7.5% Gain in 2017 YTD

Singapore currently has 102 primary-listed stocks with market capitalisation above S$1.0 billion. The 102 stocks provide a wide range of investment...

Singapore Exchange Ltd (SGX)

The Week That Was in Asean@Smartkarma - Policy Shifts, Taxing Diesel and Micro Lending

In this week's ASEAN Weekly, we have Nicolas Van Broekhoven publishing his inaugural Insight on Micro Mechanics (Holdings) Ltd (MMH SP), which...

Angus Mackintosh

Singapore: Traditional Firms Must Disrupt Themselves or The Market Will Do It

There were a couple of news items this week that convinced me that the Singapore government will not protect traditional businesses or...

Valerie Law, CFA

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