Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

Shenton Research

Shenton Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Equity Capital Markets

ClubMed Lifestyle Group / Equity Capital Markets

<ul>
<li>ClubMed, a premium all-inclusive resort operator, has filed its prospectus with the HKEX. BNP Paribas, HSBC, and JPM are the joint sponsors.</li>
<li>We look at the company's core segments: Club Med resort operations and vacation scenario services.</li>
<li>We then look at the company's financial profile, profit decline, ownership structure and pre-IPO backing.</li>
</ul>


ClubMed, a premium all-inclusive resort operator, has filed its prospectus with the HKEX. BNP Paribas, HSBC, and JPM are the joint sponsors.
We look at the company's core segments: Club Med resort operations and vacation scenario services.
We then look at the company's financial profile, profit decline, ownership structure and pre-IPO backing.


Independent Asian Credit Research, Bondcritic

Warut Promboon

Independent Asian Credit Research

Asian Fixed Income/Frontier Market Research

Bondcritic

Bondcritic, established in 2009, is designed to be an independent credit research voice that helps investors gain insights and unbiased analyses on Asian fixed income market. Our mission is to discover deep-value Asian high-yield and distressed bonds with a bottom-up approach, together with the help of our proprietary ESG (Environmental, Social Development, and Governance) model. At the same time, we focus on bringing investment cases of unrated and unloved issuers to the general public.

Debt Capital Markets

Asia High Yield Bond Index / Debt Capital Markets

<ul>
<li>What has changed since our July ABM is that the ceasefire we carefully described did not hold, and oil has round-tripped roughly halfway back toward war-peak levels.</li>
<li>Fixed rate bonds that rely on discretionary spending should underperform floating rate bonds while the beneficiaries of the trade have shifted from energy exposure toward carry and short-duration positioning.</li>
<li>We remain positive on Asian credit fundamentals and, for those who must invest in fixed rate bonds, we list 9 bonds which we like at the time of this report</li>
</ul>


What has changed since our July ABM is that the ceasefire we carefully described did not hold, and oil has round-tripped roughly halfway back toward war-peak levels.
Fixed rate bonds that rely on discretionary spending should underperform floating rate bonds while the beneficiaries of the trade have shifted from energy exposure toward carry and short-duration positioning.
We remain positive on Asian credit fundamentals and, for those who must invest in fixed rate bonds, we list 9 bonds which we like at the time of this report


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

Cross Asset Strategy

<ul><li>AI / Special Report: China’s AI charge. OpenAI’s ChatGPT has taken the world by storm. </li><li>Bridge / Mainland roads opened to more cars from Hong Kong</li><li>Soccer / Two more former top China soccer officials ensnared in corruption dragnet</li></ul>

AI / Special Report: China’s AI charge. OpenAI’s ChatGPT has taken the world by storm. Bridge / Mainland roads opened to more cars from Hong KongSoccer / Two more former top China soccer officials ensnared in corruption dragnet

<ul>
<li>
In Depth: How China’s shrinking population is driving education reform
</li>
<li>
Beijing’s EU envoy warns of risks if bloc curbs China trade
</li>
<li>
Exclusive: Shagang still wants to buy Nangang Iron &amp; Steel from Fosun
</li>
</ul>



In Depth: How China’s shrinking population is driving education reform


Beijing’s EU envoy warns of risks if bloc curbs China trade


Exclusive: Shagang still wants to buy Nangang Iron &amp; Steel from Fosun



CX Daily: How China’s Shrinking Population Is Driving Education Reform

<ul>
<li>Edtech /In Depth: New business comes with old risks for China’s struggling tutoring industry</li>
<li>Syngenta /: Syngenta IPO back on hold over concerns about its $9.4 billion goal, sources say</li>
<li>Private /: China’s private sector set for boost as local governments step up support</li>
</ul>


Edtech /In Depth: New business comes with old risks for China’s struggling tutoring industry
Syngenta /: Syngenta IPO back on hold over concerns about its $9.4 billion goal, sources say
Private /: China’s private sector set for boost as local governments step up support


CX Daily: New Business Comes With Old Risks for China’s Struggling Tutoring Industry

China

Fosun International Limited is a Chinese multinational conglomerate operating across four primary business segments: Health, Happiness, Wealth, and Intelligent Manufacturing. The company's diverse portfolio includes pharmaceuticals, healthcare services, tourism, fashion, insurance, banking, and intelligent manufacturing. It was founded in 1992 and is headquartered in Shanghai, China.

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Fosun International (656 HK)

ClubMed Pre-IPO: Tearsheet

ClubMed has filed its prospectus with the HKEX. In this tearsheet, we look at the company's business and operating profile, its industry backdrop,...

Ke Yan, CFA, FRM

Asian Bond Monitor: No Final Whistle

This report is not easy-to-digest.While we do not recommend investment in fixed rate Asian USD bonds in general, those who must stay invested...

Bondcritic

CX Daily: China’s AI Charge

Special Report: China’s AI charge. Mainland roads opened to more cars from Hong Kong. Two more former top China soccer officials ensnared in...

Caixin Global

CX Daily: How China’s Shrinking Population Is Driving Education Reform

In Depth: How China’s shrinking population is driving education reform. Beijing’s EU envoy warns of risks if bloc curbs China trade

Caixin Global

CX Daily: New Business Comes With Old Risks for China’s Struggling Tutoring Industry

Edtech /In Depth: New business comes with old risks for China’s struggling tutoring industry Syngenta /: Syngenta IPO back on hold over concerns...

Caixin Global

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