In today’s briefing:
- Adani Group Has a Significant Liquidity Gap to Bridge
- Morning Views Asia: China Jinmao Holdings, Lenovo, China Datang Corp Renewable Power
Adani Group Has a Significant Liquidity Gap to Bridge
- Short-Term borrowing plays an important role in the Adani group
- Rescinding of Adani Enterprises FPO and meltdown in share prices heightened liquidity concerns of the group
- This analyst estimates the liquidity gap to be around US$ 8 bn for FY2023 which needs to be bridged by long-term funds and/or cash flow from operations
Morning Views Asia: China Jinmao Holdings, Lenovo, China Datang Corp Renewable Power
Lucror Analytics Morning Views comprise our fundamental credit analysis, opinions and trade recommendations on high yield issuers in the region, based on key company-specific developments in the past 24 hours. Our Morning Views include a section with a brief market commentary, key market indicators and a macroeconomic and corporate event calendar.
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