Bespoke Research on China and neighbouring regions, Bixmoor

Bixmoor

Bespoke Research on China and neighbouring regions

Bixmoor specialises in providing bespoke research to business, governments and the financial community on China and neighbouring regions. We seek to build long-term relationships with our clients, based on our expertise, our reliability and our determination to find the right solution.

Thematic (Sector/Industry)

<p>Many companies that had previously been big investors in Chinese manufacturing plants are now considering their options. An increasing number argue that the ASEAN countries have a lot to offer, particularly with the removal of tariff barriers.</p>

Many companies that had previously been big investors in Chinese manufacturing plants are now considering their options. An increasing number argue that the ASEAN countries have a lot to offer, particularly with the removal of tariff barriers.

Portfolio Manager

Kenton Leo

Kelusa Asia Focus Funds

Equity Bottom-Up

<ul><li><a href="https://www.smartkarma.com/entities/107" target="_blank" data-smartkarma-citation="entities:107">Hotel Shilla</a> is about to see both a sharp cyclical and structural downturn in its business.</li><li>As a result, expect to see sharp operating deleverage.</li><li>This means earnings will have to be revised down by 50% - 60%.</li><li>The stock is trading at 35x 2016 PE instead of the 16x that consensus estimates imply.</li></ul>

Hotel Shilla is about to see both a sharp cyclical and structural downturn in its business.As a result, expect to see sharp operating deleverage.This means earnings will have to be revised down by 50% - 60%.The stock is trading at 35x 2016 PE instead of the 16x that consensus estimates imply.

Hotel Shilla: Entering a Cyclical And Structural Downturn

Asian Insight Provider - Actionable ideas, CrossASEAN Research

Henry Soediarko

Asian Insight Provider - Actionable ideas

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

<ul>
<li>The Chinese government and the destination countries have publicly stated that they can visit each other.</li>
<li>Higher ridership is the main result of this theme while consumption could also accelerate but on-the-ground research has proven Chinese tourists are not there yet. </li>
<li>
<a href="https://www.smartkarma.com/entities/keisei-electric-railway-co" target="_blank" data-smartkarma-citation="entities:10876:1" rel="noopener">Keisei Electric Railway Co (9009 JP)</a> , <a href="https://www.smartkarma.com/entities/comfortdelgro-corp-ltd" target="_blank" data-smartkarma-citation="entities:497:1" rel="noopener">Comfortdelgro Corp (CD SP)</a> , <a href="https://www.smartkarma.com/entities/airports-of-thailand-pcl" target="_blank" data-smartkarma-citation="entities:239:1" rel="noopener">Airports of Thailand (AOT TB)</a> and <a href="https://www.smartkarma.com/entities/mtr-corp" target="_blank" data-smartkarma-citation="entities:13289:1" rel="noopener">MTR Corp (66 HK)</a> are the main transport beneficiaries.</li>
</ul>


The Chinese government and the destination countries have publicly stated that they can visit each other.
Higher ridership is the main result of this theme while consumption could also accelerate but on-the-ground research has proven Chinese tourists are not there yet. 

Keisei Electric Railway Co (9009 JP) , Comfortdelgro Corp (CD SP) , Airports of Thailand (AOT TB) and MTR Corp (66 HK) are the main transport beneficiaries.


Thailand

Airports of Thailand Public Company Ltd. operates the Bangkok International Airport (Don Muang) and the New Bangkok International Airport (Suvarnabhumi).. The Company also operates provincial airports in Chiang Mai, Chiang Rai, Hat Yai, and Phuket.

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Airports of Thailand (AOT TB)

China or ASEAN? - You Choose

Many companies that had previously been big investors in Chinese manufacturing plants are now considering their options. An increasing number argue...

Bixmoor

Hotel Shilla: Entering a Cyclical And Structural Downturn

Hotel Shilla is about to see both a sharp cyclical and structural downturn in its business. As a result, expect to see sharp operating...

Kenton Leo

China Tourists Coming Back: Transport

Chinese tourists are permitted to travel overseas and the destination countries are prepared to welcome them but they are yet to be seen through my...

Henry Soediarko

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