Chairman, sgtradex

Tan Chin-Hwee

Chairman

Thematic (Sector/Industry)

I have had the highest respect of SFC  but it may be a dark day for those who engage in the practice of financial research and due diligence with the controversial lawsuit by the regulator SFC in HK against the rating agency Moody's for their piece on China.Lawsuit come in just in time for the movie "10 Years" to achieve the top Movie Award-maybe the producers should have another segment in the Movie about Hong Kong's days as an international financial centre in the past to now a Chinese…

I have had the highest respect of SFC  but it may be a dark day for those who engage in the practice of financial research and due diligence with the controversial lawsuit by the regulator SFC in HK against the rating agency Moody's for their piece on China.Lawsuit come in just in time for the movie "10 Years" to achieve the top Movie Award-maybe the producers should have another segment in the Movie about Hong Kong's days as an international financial centre in the past to now a Chinese…

Moody's Vs SFC - A Dark Day for Hong Kong?

Senior Credit Analyst, Lucror Analytics

Leonard Law, CFA

Senior Credit Analyst

High Yield Experts

Lucror Analytics

Lucror Analytics is a leading credit and ESG research specialist and a provider of technology solutions for differentiated fixed income strategies. Our roots are in bottom-up fundamental credit analysis with a specialization in high yield corporate credits from Europe, Asia and Latin America. We are one of few research specialists integrating ESG considerations with fundamental credit research through a dedicated ESG platform. Our ESG assessment covers five key criteria: Disclosure, E,S, & G Pillars, Controversies, ESG Impact on Credit and ESG Momentum.

Recognizing the importance and value-add of Factor Investing in fixed income, Lucror developed the Smart Quant Navigator (SQN), an intuitive platform that helps clients devise and implement factor-based strategies ranging from pure quant to active fundamental, with integrated ESG.

Our company has been at the forefront of developments in the fixed income markets, identifying opportunities and consistently delivering new products and value-adding solutions to clients. Lucror has close relationships with the largest and most reputable asset managers, family offices, hedge funds, investment and wealth managers globally.

Credit

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.In this Insight:<ol><li><a href='/entities/nameson-holdings-ltd' target='_blank' rel='noopener'>Nameson Holdings</a></li><li><a href='/entities/sunny-optical-technology-group' target='_blank' rel='noopener'>Sunny Optical Technology Group</a></li><li><a href='/entities/genting-bhd' target='_blank' rel='noopener'>Genting Bhd</a></li><li><a href='/entities/shui-on-land-ltd' target='_blank' rel='noopener'>Shui On Land</a></li><li><a href='/entities/health-and-happiness-h-h-int' target='_blank' rel='noopener'>Health And Happiness (H&H)</a></li></ol>and more...

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.In this Insight:Nameson HoldingsSunny Optical Technology GroupGenting BhdShui On LandHealth And Happiness (H&H)and more...

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.In this Insight:<ol><li><a href='/entities/tata-motors-ltd' target='_blank' rel='noopener'>Tata Motors Ltd</a></li><li><a href='/entities/anton-oilfield-services-gp' target='_blank' rel='noopener'>Anton Oilfield</a></li><li><a href='/entities/china-south-city-holdings' target='_blank' rel='noopener'>China South City</a></li><li><a href='/entities/panda-green-energy-group-ltd' target='_blank' rel='noopener'>Panda Green</a></li><li><a href='/entities/gcl-new-energy-holdings-ltd' target='_blank' rel='noopener'>Gcl New Energy Holdings</a></li></ol>and more...

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.In this Insight:Tata Motors LtdAnton OilfieldChina South CityPanda GreenGcl New Energy Holdingsand more...

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/chinese-estates-holdings-limited" target="_blank" data-smartkarma-citation="entities:20954:1" rel="noopener">Chinese Estates Holdings (127 HK)</a> has despatched the scheme document. The offeror will offer HK$4.00 per scheme share. The scheme meeting is scheduled for 9:30 am on 17 December.</li>
<li>Unsurprisingly, the IFA considers the offer to be fair and reasonable. We think that the IFA analysis of historical share prices and privatisation precedents is flawed. </li>
<li>As no shareholder holds a blocking stake, the bid will likely succeed. At last close, the shares trade at a gross spread of 6.4% to the offer price. </li>
</ul>



Chinese Estates Holdings (127 HK) has despatched the scheme document. The offeror will offer HK$4.00 per scheme share. The scheme meeting is scheduled for 9:30 am on 17 December.
Unsurprisingly, the IFA considers the offer to be fair and reasonable. We think that the IFA analysis of historical share prices and privatisation precedents is flawed. 
As no shareholder holds a blocking stake, the bid will likely succeed. At last close, the shares trade at a gross spread of 6.4% to the offer price. 


Chinese Estates’ Scheme Document, IFA Opinion

Hong Kong

China Oceanwide Holdings Limited is an investment holding company engaged in property investments in Shanghai, real estate development in the United States, and energy sector development in Indonesia. The company also participates in financial investments, including holding listed securities, funds, and bonds. It was established in 1990 and is headquartered in Hong Kong, SAR, China.

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China Oceanwide (HRH GR)

Moody's Vs SFC - A Dark Day for Hong Kong?

I have had the highest respect of SFC but it may be a dark day for those who engage in the practice of financial research and due diligence with...

Tan Chin-Hwee

Weekly Wrap - 21 Jul 2023

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics

Weekly Wrap - 26 Nov 2021

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics

Chinese Estates’ Scheme Document, IFA Opinion

The scheme meeting is on 17 December. IFA considers the HK$4 per share offer to be fair and reasonable. At last close, the shares trade at a gross...

Arun George

Weekly Wrap - 21 Nov 2021

Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and...

Lucror Analytics

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