Founder, Supreme Peoples Court Monitor

Susan Finder

Founder

Supreme Peoples Court Monitor

Thematic (Sector/Industry)

About a year and a half ago, many of the major business media (<a href="https://www.ft.com/content/f4edabe4-d36e-11e4-a792-00144feab7de" target="_blank">Financial Times</a>, <a href="http://blogs.wsj.com/chinarealtime/2015/12/17/awash-in-duds-chinas-bad-banks-are-looking-good/" target="_blank">Wall Street Journal</a>, and <a href="http://blogs.wsj.com/chinarealtime/2015/12/17/awash-in-duds-chinas-bad-banks-are-looking-good/" target="_blank">Bloomberg</a>) reported on the sale of Chinese distressed assets on Taobao and other Chinese online platforms.  This note provides a quick look at what a search of Taobao turns up.From this <a href="https://zc-paimai.taobao.com/zc/npl.htm?spm=a219w.7976194.237368.4.jgJsfL" target="_blank">page</a> (asset exchange, distressed assets):<figure class="editor-figure mceNonEditable"><img src="https://static-prod.smartkarma.com/images/media/000/021/514/original/Screen%20Shot%202017-02-25%20at%209.00.13%20AM.png?1487984504" class="editor-image img-responsive" data-smartkarma-image-id="21514"></figure>the diligent person can review the type of assets being auctioned: real estate, creditors rights, intellectual property rights, and then further drill down on the…

About a year and a half ago, many of the major business media (Financial Times, Wall Street Journal, and Bloomberg) reported on the sale of Chinese distressed assets on Taobao and other Chinese online platforms.  This note provides a quick look at what a search of Taobao turns up.From this page (asset exchange, distressed assets):the diligent person can review the type of assets being auctioned: real estate, creditors rights, intellectual property rights, and then further drill down on the…

Founder, Riedel Research

David Riedel

Independent equity research on GEM Markets

Riedel Research

Riedel provides equity research and analysis to leading financial organizations. By becoming members of a region (Asia, Latin America, Emerging Europe or Global), organizations have access to an integrated set of services including:

Regular company coverage reports
Up-to-date investment decision advice (buy, hold, sell)
Monthly regional and global conference calls
Customized company reports and unlimited on-line access to the program's services.

Riedel provides research coverage of companies across the full range of market capitalization. Experienced research professionals in each market develop company reports and analysis as well as earnings models and projections. Ratings are Buy, Hold and Sell with a focus on compelling investment ideas - both long and short. Downloadable, dynamic earnings models are built to facilitate sensitivity analysis.

Please feel free to contact us for complimentary access to our written research.  We want to show you that our unique research flow can add value and help develop a long-term, high value-add relationship.

Riedel's model focuses on providing clients with unique insights and consulting in addition to unlimited access to all produced research This model allows members to receive exponential benefits for their retainer fees.

Equity Bottom-Up

We recently screened the HKG and China markets for ideas with below market P/E ratios and Dividend Yields above 2% that traded more than US$1 mn per day.  This screen netted 207 names.We then screened for which companies have corporate governance scores over 70/100 from the Riedel Research Corporate Governance Scoring system.The RRG Corporate Governance system scores Emerging Market companies on 12 different criteria to measure board independence, alignment of interest with shareholders…

We recently screened the HKG and China markets for ideas with below market P/E ratios and Dividend Yields above 2% that traded more than US$1 mn per day.  This screen netted 207 names.We then screened for which companies have corporate governance scores over 70/100 from the Riedel Research Corporate Governance Scoring system.The RRG Corporate Governance system scores Emerging Market companies on 12 different criteria to measure board independence, alignment of interest with shareholders…

Actionable Value Ideas with Solid Corporate Governance in China and Hong Kong

CEO, A. Stotz Investment Research

Dr. Andrew Stotz, CFA

Quantamental Investing to beat Benchmarks

A. Stotz Investment Research

We pick stocks. We construct portfolios. All our effort is focused on how to better pick stocks and construct portfolios. We serve fund management companies, family offices, and high net worth individuals.

China Conch Venture Holdings / Equity Bottom-Up

<ul><li>More attractive to analysts, share price is less volatile, and cheap on a PE basis relative to its sector</li><li>CV targets a 350% long-term capacity increase by expanding its water treatment business, which yields high returns</li><li>Government plans to back rural waste treatment could lead to growth opportunities given the company’s 80% success in biddings of this nature</li><li>Trades below the Asian sector at 17CE* 10x PE but EPS growth is slightly better and CV is net cash</li><li>Risk: A coal price surge would directly affect margins as coal is an input in more than 50% of the revenue streams</li></ul>* Consensus Estimates

More attractive to analysts, share price is less volatile, and cheap on a PE basis relative to its sectorCV targets a 350% long-term capacity increase by expanding its water treatment business, which yields high returnsGovernment plans to back rural waste treatment could lead to growth opportunities given the company’s 80% success in biddings of this natureTrades below the Asian sector at 17CE* 10x PE but EPS growth is slightly better and CV is net cashRisk: A coal price surge would directly affect margins as coal is an input in more than 50% of the revenue streams* Consensus Estimates

CV: Great Outlook for 'waste Not, Want Not' Energy Saver

Unbeknownst to the flying public, the Chinese aviation industry is facing labor disputes, particularly from their  pilots, according to a recent Chinese <a href="http://mp.weixin.qq.com/s?__biz=MzA5NTMwMDgzMA==&amp;mid=2655481692&amp;idx=1&amp;sn=4392dc43b94c7826d6e3ee7313c9bfc4&amp;chksm=8bf2b2edbc853bfb9a3212686e55ee20e7036a0c210af5525bbd54ff1de90038b70498cff5f8&amp;mpshare=1&amp;scene=5&amp;srcid=01206ao9dvXq9enFqEyKSwMj#rd" target="_blank">law firm report</a>.  The shortage of pilots in China has been well-reported in the press, in sources ranging from the<a href="https://www.ft.com/content/d7117f1e-d963-11e5-a72f-1e7744c66818" target="_blank"> Financial Times</a> to <a href="http://www.chinadailyasia.com/asiaweekly/2016-04/29/content_15425326.html" target="_blank">China Daily</a>. That has led to job-hopping among Chinese pilots and a large increase in disputes between pilots and the airlines, including at least one foreign pilot hired by a Chinese airline. Pilots are highly…

Unbeknownst to the flying public, the Chinese aviation industry is facing labor disputes, particularly from their  pilots, according to a recent Chinese law firm report.  The shortage of pilots in China has been well-reported in the press, in sources ranging from the Financial Times to China Daily. That has led to job-hopping among Chinese pilots and a large increase in disputes between pilots and the airlines, including at least one foreign pilot hired by a Chinese airline. Pilots are highly…

Illustrating the integration of China's court system with the operation of the Communist Party, the day after the Communist Party Central Committee's Central Economic Work Conference concluded, the Supreme People's Court's (SPC's) Party Committee held a meeting to work out its implications for the courts in 2017.   <a href="http://www.court.gov.cn/zixun-xiangqing-32871.html" target="_blank">According</a> to SPC President Zhou Qiang, the Central Economic Work Conference has the following takeaways for the courts:<h2>First, adhere to strict and impartial justice, and create an</h2>…

Illustrating the integration of China's court system with the operation of the Communist Party, the day after the Communist Party Central Committee's Central Economic Work Conference concluded, the Supreme People's Court's (SPC's) Party Committee held a meeting to work out its implications for the courts in 2017.   According to SPC President Zhou Qiang, the Central Economic Work Conference has the following takeaways for the courts:First, adhere to strict and impartial justice, and create an…

China's Economic Work Conference & Its Courts

China

China Conch Venture Holdings Limited operates as an investment holding company. The Company, through its subsidiaries, provides energy preservation and environmental protection solutions and offers environment-friendly building materials.

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China Conch Venture Holdings (586 HK)

China Distressed Assets on Taobao

About a year and a half ago, many of the major business media (Financial Times, Wall Street Journal, and Bloomberg) reported on the sale of Chinese...

Susan Finder

Actionable Value Ideas with Solid Corporate Governance in China and Hong Kong

We recently screened the HKG and China markets for ideas with below market P/E ratios and Dividend Yields above 2% that traded more than US$1 mn...

David Riedel

CV: Great Outlook for 'waste Not, Want Not' Energy Saver

More attractive to analysts, share price is less volatile, and cheap on a PE basis relative to its sector CV targets a 350% long-term capacity...

A. Stotz Investment Research

Labor Disputes at the Chinese Airlines

Unbeknownst to the flying public, the Chinese aviation industry is facing labor disputes, particularly from their pilots, according to a recent...

Susan Finder

China's Economic Work Conference & Its Courts

Illustrating the integration of China's court system with the operation of the Communist Party, the day after the Communist Party Central...

Susan Finder

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52-week Range

Market Cap (USDm)

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