Chief Executive Officer, Emmer Capital Partners Limited

Manishi Raychaudhuri

Chief Executive Officer

Emmer Capital Partners Limited

Emmer Capital Partners is an Asia Pacific focused financial advisory firm engaging in strategic financial asset allocation advice, bespoke thematic research and advising early-stage companies and connecting them to investors. Emmer Capital provides macro-economic and multi-asset investment strategy inputs to institutions, family offices, private wealth managers, private equity, and corporate boards directly and through independent research platforms. Emmer Capital also advises a wide range of startup companies on fund raising and business strategy. Emmer Capital's active engagement with the print and electronic media reaches a broad spectrum of investors across the globe.

Cross Asset Strategy

<ul>
<li>In today's uncertain scenario, cash is king. Moreover, the high US treasury yields, which had rendered a dividend yield strategy relatively unattractive, are beginning to decline again.</li>
<li>In addition to considering today's dividend yields, we think it's also imperative to take into account companies' future earnings potential to assess future dividend stability.</li>
<li>Screening companies with at least 6% forward dividend yield and 5% forecast EPS CAGR over next 2 years, we arrive at our basket of 23 dividend yielders, 13 from HK/China.</li>
</ul>


In today's uncertain scenario, cash is king. Moreover, the high US treasury yields, which had rendered a dividend yield strategy relatively unattractive, are beginning to decline again.
In addition to considering today's dividend yields, we think it's also imperative to take into account companies' future earnings potential to assess future dividend stability.
Screening companies with at least 6% forward dividend yield and 5% forecast EPS CAGR over next 2 years, we arrive at our basket of 23 dividend yielders, 13 from HK/China.


Asian Equities: Asia's Robust Dividend Yielders

Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Quantitative Analysis

<ul>
<li>We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Feb 21st based on HKEx daily reports.</li>
<li>In the past 7 days, the top 3 companies that repurchased the most shares from the market were Crrc Times (3898 HK), Swire Pacific (19 HK), Cosco Shipping (1919 HK).</li>
<li>In the past 30 days, the top 3 companies that repurchased the most shares from the market were AIA (1299 HK), HSBC (5 HK), Cosco Shipping (1919 HK).</li>
</ul>


We analyze statistics on top repurchases over one week, one month, one quarter and one year periods ended on Feb 21st based on HKEx daily reports.
In the past 7 days, the top 3 companies that repurchased the most shares from the market were Crrc Times (3898 HK), Swire Pacific (19 HK), Cosco Shipping (1919 HK).
In the past 30 days, the top 3 companies that repurchased the most shares from the market were AIA (1299 HK), HSBC (5 HK), Cosco Shipping (1919 HK).


Hong Kong Buybacks Weekly (Feb 21st): Zhuzhou Crrc Times Electric, Swire Pacific, Cosco Shipping

HK/China Equity Long-Short

Osbert Tang, CFA

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sitc-international-holdings" target="_blank" data-smartkarma-citation="entities:15301:1" rel="noopener">SITC International (1308 HK)</a>'s positive profit alert beat the FY24 forecast by 12%. It also suggests an acceleration in growth to 1.9-2.1x in 2H24, from +13% in 1H24. </li>
<li>The muted share price performance reflects concerns about an influx of capacity, intra-Asia demand outlook, and freight rate prospects. We refute such worries.</li>
<li>It stands on an attractive dividend yield of 11.1% for FY24. Even under conservative earnings forecasts, its 8.1% and 6.6% yields for FY25 and FY26 are appealing.</li>
</ul>



SITC International (1308 HK)'s positive profit alert beat the FY24 forecast by 12%. It also suggests an acceleration in growth to 1.9-2.1x in 2H24, from +13% in 1H24. 
The muted share price performance reflects concerns about an influx of capacity, intra-Asia demand outlook, and freight rate prospects. We refute such worries.
It stands on an attractive dividend yield of 11.1% for FY24. Even under conservative earnings forecasts, its 8.1% and 6.6% yields for FY25 and FY26 are appealing.


SITC International (1308 HK): Beating Expectations Again

Asian Equities Analyst, Logistics & Transport, Tracking Traffic

Daniel Hellberg

Asian Equities Analyst, Logistics & Transport

Tracking Traffic

Focusing on Asian logistics, transportation, and travel companies

<ul>
<li>We expect container shipping profits to begin to revert to historical levels in 2025</li>
<li>Between 2009 and 2019, Evergreen Marine's mean OpInc margin was <em>negative</em> 0.8%</li>
<li>We believe path to mean industry returns &amp; near-term risks both misunderstood; AVOID</li>
</ul>


We expect container shipping profits to begin to revert to historical levels in 2025
Between 2009 and 2019, Evergreen Marine's mean OpInc margin was negative 0.8%
We believe path to mean industry returns &amp; near-term risks both misunderstood; AVOID


Container Shipping: Mean Reversion in 2025, Yes, but to WHICH Mean?

Articles from Caixin Global, Caixin Global

Caixin Global

Articles from Caixin Global

Caixin is a media group dedicated to providing financial and business news through periodicals, online content, mobile apps, conferences, books and TV/video programs. Caixin aims to blaze a trail that helps traditional media prosper in the new media age through integrated multimedia platforms.

News from Caixin

<ul><li>Lawsuits / In Depth: Why more Chinese companies are getting sued by aggrieved investors</li><li>China-Southeast Asia /Analysis: Why Southeast Asia is becoming a manufacturing hub for Chinese investments</li><li>Travel /: Surge in Chinese overseas tourism set for Lunar New Year</li></ul>

Lawsuits / In Depth: Why more Chinese companies are getting sued by aggrieved investorsChina-Southeast Asia /Analysis: Why Southeast Asia is becoming a manufacturing hub for Chinese investmentsTravel /: Surge in Chinese overseas tourism set for Lunar New Year

CX Daily: Why More Chinese Companies Are Getting Sued by Aggrieved Investors 

China

COSCO SHIPPING Holdings Co., Ltd. offers shipping services. The Company provides container shipping, terminal operation, bulk shipping, and container leasing services. COSCO SHIPPING Holdings conducts businesses worldwide.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

COSCO SHIPPING Holdings (601919 CH)

Asian Equities: Asia's Robust Dividend Yielders

In uncertain times, firms distributing cash as dividends are naturally investors' darlings. Screening large caps on min 6% div yield and future...

Manishi Raychaudhuri

Hong Kong Buybacks Weekly (Feb 21st): Zhuzhou Crrc Times Electric, Swire Pacific, Cosco Shipping

We analyzed the Hong Kong buyback data in the past week and highlight the top 3 companies that repurchased the most shares were Zhuzhou Crrc Times...

Ke Yan, CFA, FRM

SITC International (1308 HK): Beating Expectations Again

SITC beats the consensus FY24 profit forecast by 12%, implying growth acceleration in 2H24. We do not agree with concerns on capacity, demand, and...

Osbert Tang, CFA

Container Shipping: Mean Reversion in 2025, Yes, but to WHICH Mean?

If container carrier profitability begins to revert to historical mean levels in 2025, it suggests a dramatic decline in financial performance in...

Tracking Traffic

CX Daily: Why More Chinese Companies Are Getting Sued by Aggrieved Investors

Lawsuits / In Depth: Why more Chinese companies are getting sued by aggrieved investors Class-action lawsuits against listed companies are popular...

Caixin Global

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Asian Equities: Asia's Robust Dividend Yielders

​In uncertain times, firms distributing cash as dividends are naturally investors' darlings. Screening large caps on min 6% div yield and future...

Manishi Raychaudhuri

Hong Kong Buybacks Weekly (Feb 21st): Zhuzhou Crrc Times Electric, Swire Pacific, Cosco Shipping

We analyzed the Hong Kong buyback data in the past week and highlight the top 3 companies that repurchased the most shares were Zhuzhou Crrc Times...

Ke Yan, CFA, FRM

SITC International (1308 HK): Beating Expectations Again

​SITC beats the consensus FY24 profit forecast by 12%, implying growth acceleration in 2H24. We do not agree with concerns on capacity, demand, and...

Osbert Tang, CFA

Container Shipping: Mean Reversion in 2025, Yes, but to WHICH Mean?

If container carrier profitability begins to revert to historical mean levels in 2025, it suggests a dramatic decline in financial performance in...

Tracking Traffic

CX Daily: Why More Chinese Companies Are Getting Sued by Aggrieved Investors

Lawsuits / In Depth: Why more Chinese companies are getting sued by aggrieved investors Class-action lawsuits against listed companies are popular...

Caixin Global

In uncertain times, firms distributing cash as dividends are naturally investors' darlings. Screening large caps on min 6% div yield and future...

SITC beats the consensus FY24 profit forecast by 12%, implying growth acceleration in 2H24. We do not agree with concerns on capacity, demand, and...