Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

The Chinese Credit Chronicle: The CCC Danger

The Week That Was in ASEAN@Smartkarma - Virus Korona, Bank Mandiri, and DBS

Coverage Rating Changes on Risks of Corona-Virus in China’s Economy and Financial System

Independent Asian Credit Research, Bondcritic

Warut Promboon

Independent Asian Credit Research

Credit

<p style="text-align: justify;">Bloomberg reported on 19-Feb that the Hainan Provincial Government is under discussion to take control of <a href="https://www.smartkarma.com/entities/hna-group-co-ltd" target="_blank" data-smartkarma-citation="entities:25987:1" rel="noopener">Hna Group (HNAGRZ CH)</a> (HNA) and sell-off HNA’s airline assets, mainly to three biggest carriers ( <a href="https://www.smartkarma.com/entities/air-china-ltd-a" target="_blank" data-smartkarma-citation="entities:1080:1" rel="noopener">Air China Ltd (A) (601111 CH)</a>, <a href="https://www.smartkarma.com/entities/china-southern-airlines-co-a" target="_blank" data-smartkarma-citation="entities:24749:1" rel="noopener">China Southern Airlines Co-A (600029 CH)</a> , and <a href="https://www.smartkarma.com/entities/china-eastern-airlines-co-a" target="_blank" data-smartkarma-citation="entities:27588:1" rel="noopener">China Eastern Airlines Co-A (600115 CH)</a>). We understand there is no confirmation from management yet.</p>
<p style="text-align: justify;">China Business Daily reported today (20-Feb) that HNA’s senior management has denied the talk existed and that Bloomberg’s news was a rumor.</p>

Bloomberg reported on 19-Feb that the Hainan Provincial Government is under discussion to take control of Hna Group (HNAGRZ CH) (HNA) and sell-off HNA’s airline assets, mainly to three biggest carriers ( Air China Ltd (A) (601111 CH), China Southern Airlines Co-A (600029 CH) , and China Eastern Airlines Co-A (600115 CH)). We understand there is no confirmation from management yet.
China Business Daily reported today (20-Feb) that HNA’s senior management has denied the talk existed and that Bloomberg’s news was a rumor.

HNA Group:  To Be or Not To Be (Nationalized)