Public Financial Holdings (626 HK): Privatisation Offer from Public Bank?
It is likely that Public Bank is seeking to launch a scheme offer. I estimate a potential offer range of HK$2.20-2.80 (41.9%-80.6% premium to last...
662 Views
BEA & Dah Sing - Rampant Deterioration in HK Credit Metrics, Not Totally Visible in Headline Results
Credit metrics worsening substantially at BEA and Dah Sing, and well beyond what is visible in headline figures. There are implications also for...
685 Views
HIBOR, Country Garden, Meituan, Tencent, and HSBC
The headlines of sweeping changes in the property market easing and Xi’s G-20 meetings to signal the thawing of foreign relationships were the main...
450 Views
Hong Kong Financials: Bluff and Bluster? Taxi Driver Tip Time in China?
In these stressed times, risk assets seem excessively buoyed by liquidity again despite what gold, US treasury yields, and the still elevated VIX...
531 Views
Banks – Trade Loans At DBS Are Sizeable, But Risks Also For HK Banks
We all know there will be less trade related lending in the current year. DBS Group Holdings (DBS SP) reported negative growth during 2018. What...
729 Views