Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

Thematic (Sector/Industry)

<p>This is the inaugural report of “The Week that Was in Greater China@Smartkarma” that feature major insights on China, Macau, Hong Kong and Taiwan during the week. This is a collaborative report among <a href="https://www.smartkarma.com/profiles/605" target="_blank" data-smartkarma-citation="accounts:605">Daniel Hellberg</a>, <a href="https://www.smartkarma.com/profiles/820" target="_blank" data-smartkarma-citation="accounts:820">Scott Laprise/ 乐天虎</a>, <a href="https://www.smartkarma.com/profiles/803" target="_blank" data-smartkarma-citation="accounts:803">Valerie Law, CFA</a>, and <a href="https://www.smartkarma.com/profiles/9" target="_blank" data-smartkarma-citation="accounts:9">Ke Yan, CFA, FRM</a>. It is written on a rotational basis amongst us at the moment, so if you would like to be included, do drop us a message.</p><h2><strong>Macro</strong></h2><p>Early in the week, China concluded its inaugural Belt and Road forum sealing deals with 68…</p>

This is the inaugural report of “The Week that Was in Greater China@Smartkarma” that feature major insights on China, Macau, Hong Kong and Taiwan during the week. This is a collaborative report among Daniel Hellberg, Scott Laprise/ 乐天虎, Valerie Law, CFA, and Ke Yan, CFA, FRM. It is written on a rotational basis amongst us at the moment, so if you would like to be included, do drop us a message.MacroEarly in the week, China concluded its inaugural Belt and Road forum sealing deals with 68…

The Week that Was in Greater China@SmartKarma – Belt Road, Beef and Better Domestic Figures

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

<h2>Overview</h2><p>Chinese travel and tourism activity has grown strongly in recent years on the back of rising private consumption. But it appears that last year's surge in Chinese outbound travel has slowed significantly, and that domestic travel demand has suddenly accelerated in early 2017. Furthermore, some popular Chinese destinations in the region are suddenly seeing fewer Chinese tourists, while other have seen a marked improvement in Chinese visitors year-to-date. </p><p>In this brief note we outline…</p>

OverviewChinese travel and tourism activity has grown strongly in recent years on the back of rising private consumption. But it appears that last year's surge in Chinese outbound travel has slowed significantly, and that domestic travel demand has suddenly accelerated in early 2017. Furthermore, some popular Chinese destinations in the region are suddenly seeing fewer Chinese tourists, while other have seen a marked improvement in Chinese visitors year-to-date. In this brief note we outline…

Dramatic Changes in Chinese Travel & Tourism Flows YTD 2017; What Are the Causes, Implications?

Doing bespoke work since 2002....., Custom Products Group

Patrick Hansen

Doing bespoke work since 2002.....

Custom Products Group

Custom Products was started 14 years ago at Lehman Brothers by current co-founder Patrick Hansen, CFA. After 3 years at Lehman, Patrick moved the team to Macquarie Securities where Simon Rigney (co-founder) joined. 3 years ago we took Custom Products independent. 

Our core strength can be summed up three words. 1- Customization - we have very little off the shelf products and most work is done on a one on one bespoke basis. 2- Speed - We pride ourselves in our ability to get requests back to the client very quickly. 3- Confidentiality - We do not redistribute. There is no grace period where we wait a week and then mass blast. Any request stops with that client.

<p>We continue to track the Analyst Upgrades / Downgrades over the previous 2 week to identify potential trends in popularity. Which Sectors / Countries do the Analysts like and which ones do they not. Overall there were approx. 20% more downgrades than upgrades over the last 2 weeks.</p><h2>% of Upgrades relative to Total (Country Level)</h2><figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/024/226/original/1.png?1492102101" class="editor-image img-responsive" data-smartkarma-image-id="24226"></figure><div class="content-caption"><strong>Source: Custom Products</strong></div><p>Taiwan and India had the most upgrades relative to total recommendations in the last two weeks. In Taiwan, 37 names had a least 1 upgrade. <a href="https://www.smartkarma.com/entities/745" target="_blank" data-smartkarma-citation="entities:745:1">Hon Hai</a>…</p>

We continue to track the Analyst Upgrades / Downgrades over the previous 2 week to identify potential trends in popularity. Which Sectors / Countries do the Analysts like and which ones do they not. Overall there were approx. 20% more downgrades than upgrades over the last 2 weeks.% of Upgrades relative to Total (Country Level)Source: Custom ProductsTaiwan and India had the most upgrades relative to total recommendations in the last two weeks. In Taiwan, 37 names had a least 1 upgrade. Hon Hai…

Most Popular / Unpopular Sectors and Countries in Asia - Ex Japan (Last 2 Weeks)

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.

<p><strong>Container Shipping - Asia Import Drive Will Boost Asia-Europe-Asia Box Profits for Carriers</strong></p><p><em><strong>Background -</strong> Space shortage has disrupted the Europe-Asia container trade in February and March and European exporters face highly unusual space crunch. This is highly unusual for a ‘back-haul’ route where ship utilization rarely reaches 70%. Carriers charged an ‘emergency minimum rate’ to accept bookings and some of them have put a stop to bookings until mid-April. Boxes already on the quay are getting</em>…</p>

Container Shipping - Asia Import Drive Will Boost Asia-Europe-Asia Box Profits for CarriersBackground - Space shortage has disrupted the Europe-Asia container trade in February and March and European exporters face highly unusual space crunch. This is highly unusual for a ‘back-haul’ route where ship utilization rarely reaches 70%. Carriers charged an ‘emergency minimum rate’ to accept bookings and some of them have put a stop to bookings until mid-April. Boxes already on the quay are getting…

Container Shipping - Asia Import Drive Will Boost Asia-Europe-Asia Box Profits for Carriers

<p><strong>Dry Bulk Shipping - Why It’s Time for Dry Bulk Stocks to Take a Breather</strong></p><p><strong><em>We have been positive on the dry bulk sector since mid-2016 but the near term valuations seem undemanding to us and are at risk of running ahead of fundamentals. The bottoming out process in 2016 and subsequent run up in 2017 has been on the back of reversal in asset values, narrowing supply-demand imbalance and expectations of supportive commodity demand. We have earlier talked about the sector under ownership and</em></strong>…</p>

Dry Bulk Shipping - Why It’s Time for Dry Bulk Stocks to Take a BreatherWe have been positive on the dry bulk sector since mid-2016 but the near term valuations seem undemanding to us and are at risk of running ahead of fundamentals. The bottoming out process in 2016 and subsequent run up in 2017 has been on the back of reversal in asset values, narrowing supply-demand imbalance and expectations of supportive commodity demand. We have earlier talked about the sector under ownership and…

Dry Bulk Shipping - Why It's Time for Dry Bulk Stocks to Take a Breather

China

Air China Limited provides passenger, cargo, and airline-related services in China.  The Company is primarily based in Beijing and a major hub for domestic and international air transportation.  Air China's airline-related services include aircraft maintenance, repair, overhaul service, ground services, and in-flight catering services.

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Air China Ltd (A) (601111 CH)

The Week that Was in Greater China@SmartKarma – Belt Road, Beef and Better Domestic Figures

This is the inaugural report of “The Week that Was in Greater China@Smartkarma” that feature major insights on China, Macau, Hong Kong and Taiwan...

Valerie Law, CFA

Dramatic Changes in Chinese Travel & Tourism Flows YTD 2017; What Are the Causes, Implications?

OverviewChinese travel and tourism activity has grown strongly in recent years on the back of rising private consumption. But it appears that last...

Daniel Hellberg

Most Popular / Unpopular Sectors and Countries in Asia - Ex Japan (Last 2 Weeks)

We continue to track the Analyst Upgrades / Downgrades over the previous 2 week to identify potential trends in popularity. Which Sectors /...

Custom Products Group

Container Shipping - Asia Import Drive Will Boost Asia-Europe-Asia Box Profits for Carriers

Container Shipping - Asia Import Drive Will Boost Asia-Europe-Asia Box Profits for CarriersBackground - Space shortage has disrupted the...

Drewry Maritime Financial Research

Dry Bulk Shipping - Why It's Time for Dry Bulk Stocks to Take a Breather

Dry Bulk Shipping - Why It’s Time for Dry Bulk Stocks to Take a BreatherWe have been positive on the dry bulk sector since mid-2016 but the near...

Drewry Maritime Financial Research

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