Asia focused research insights & advisory, Asia Advisors

Vinay Patel

Asia focused research insights & advisory

Asia Advisors

Asia Advisors is an independent financial advisory and research firm working closely with corporates and institutions to provide consulting solutions & research insights. We provide advisory services including capital solutions, business strategy and investment insights.
Firm is headed by Vinay Patel who has close to two decades of experience in research and business development at large, international investment banks such as HSBC and ICICI Securities. Led research efforts in areas of Macroeconomics, Asset Allocation & Investment Strategy for close to a decade in global & domestic research teams. As a business head in Singapore, advised top global investment management firms & Portfolio managers in Asia for India related investments.
Vinay was recently joined by Swapnil Manish, an investment banker and ex-ecommerce entrepreneur with more than 12 years of experience. Swapnil was the TMT banker at BNP Paribas and was part of several large M&A and ECM transactions (Bharti-Zain, Bharti Infratel IPO, Schneider-Zicom among several others). He's also had a stint as an ecommerce entrepreneur having launched & led Mumbai's first online grocery player.

Thematic (Sector/Industry)

Primary issuances are expected to remain strong in 2017 following a five-year high in funds raised in 2016 (Rs 220bn) even as Fed rate expectations weigh on the broader secondary market outlook for India. Data shows that primary issuances in previous years have bucked the trend of weak capital inflows and in our view companies evaluate sector appetite &amp; valuations levels before deciding on a public issue. For e.g. in the recent past, CY2015 hardly recorded any significant FII inflows however the…

Primary issuances are expected to remain strong in 2017 following a five-year high in funds raised in 2016 (Rs 220bn) even as Fed rate expectations weigh on the broader secondary market outlook for India. Data shows that primary issuances in previous years have bucked the trend of weak capital inflows and in our view companies evaluate sector appetite &amp; valuations levels before deciding on a public issue. For e.g. in the recent past, CY2015 hardly recorded any significant FII inflows however the…

IPO Pipeline to Remain Strong as PE Funds, Quasi-Govt Promoters Aim for Portfolio Exits

Co-founder & Managing Director, Marketnomix 

Rajan Govil

Co-founder & Managing Director

Marketnomix 

Macroeconomics

<ul><li>Growth outlook remains tilted to the downside.</li><li> Fiscal and Monetary Policy have become confusing amidst a lack of meaningful structural reforms.</li><li>Room for further rate cuts on easing inflation and as demonetization hurts growth; downside risk to overvalued rupee with slow growth and rise in US yields.</li></ul>

Growth outlook remains tilted to the downside. Fiscal and Monetary Policy have become confusing amidst a lack of meaningful structural reforms.Room for further rate cuts on easing inflation and as demonetization hurts growth; downside risk to overvalued rupee with slow growth and rise in US yields.

Specialist in Indian Banking and Economic Research

Hemindra Hazari

The Index of Industrial Production (IIP) for October 2016 was announced on the evening of December 9, 2016. As against the consensus expectation of 1% yoy growth, the IIP contracted by 1.9%. While the continuous collapse of capital goods production has been consistently highlighted by the analysts and media, the significance of the poor performance of the higher weightage consumer non-durable (staples) has been largely ignored. While capital goods tends to be glamourous as it is directly…

The Index of Industrial Production (IIP) for October 2016 was announced on the evening of December 9, 2016. As against the consensus expectation of 1% yoy growth, the IIP contracted by 1.9%. While the continuous collapse of capital goods production has been consistently highlighted by the analysts and media, the significance of the poor performance of the higher weightage consumer non-durable (staples) has been largely ignored. While capital goods tends to be glamourous as it is directly…

APAC Investment Strategy, Animal Spirits Report, Quiddity Advisors

Paul M. Kitney, PhD

APAC Investment Strategy, Animal Spirits Report

Quiddity Advisors

Pan-Asia Catalysts/Events

<ul><li>"Overweights" - Japan and Taiwan</li><li>"Underweights" - India, Singapore, Indonesia, and the Philippines</li><li>Recent Upgrades - Japan, Taiwan, and Australia. </li><li>Recent Downgrades - Hong Kong, China, Korea, India, Thailand, Indonesia and the Philippines</li><li>Key Sector Overweights - APAC financials, China consumer discretionary, Korea/Taiwan IT (semiconductors), Australia and Japan materials, Malaysia and Indonesia plantations</li><li>Key Sector Underweights - APAC consumer staples, APAC utilities, Hong Kong property</li><li>Top Bullish Themes - Macau tourism, APAC "value"factor tilt, Indian crop yield enhancement</li><li>Top Bearish Themes - Japan "minimum volatility" factor tilt and high dividend stable "bond-proxy" equities</li><li>"Top Pick" equities identified in key sectors and themes</li></ul>This is the final in a series of four short notes, which evaluate our APAC investment strategy insights over the past 3 months, provides an overview of the current state of APAC valuation and earnings, followed by an update of our asset allocation, stock, sector and equity ideas.

"Overweights" - Japan and Taiwan"Underweights" - India, Singapore, Indonesia, and the PhilippinesRecent Upgrades - Japan, Taiwan, and Australia. Recent Downgrades - Hong Kong, China, Korea, India, Thailand, Indonesia and the PhilippinesKey Sector Overweights - APAC financials, China consumer discretionary, Korea/Taiwan IT (semiconductors), Australia and Japan materials, Malaysia and Indonesia plantationsKey Sector Underweights - APAC consumer staples, APAC utilities, Hong Kong propertyTop Bullish Themes - Macau tourism, APAC "value"factor tilt, Indian crop yield enhancementTop Bearish Themes - Japan "minimum volatility" factor tilt and high dividend stable "bond-proxy" equities"Top Pick" equities identified in key sectors and themesThis is the final in a series of four short notes, which evaluate our APAC investment strategy insights over the past 3 months, provides an overview of the current state of APAC valuation and earnings, followed by an update of our asset allocation, stock, sector and equity ideas.

ANIMAL SPIRITS REPORT: Investment Outlook - Emerging Markets Trumped but Japan Escapes Value Trap

Country and Sector Earnings Revision Summary<ul><li>J-curve effects apparent in Europe, Australia, and Japan</li><li>Emerging market earnings revision underperformance led by China</li><li>Financial sector earnings recovery, especially in Japan</li><li>Consumer discretionary earnings under pressure</li><li>Earnings momentum in telecoms fading since last earnings update</li></ul>This is the third in a series of four short notes, which evaluate our APAC investment strategy insights over the past 3 months, provides an overview of the current state of APAC valuation and earnings, followed by an update of our asset allocation, stock, sector and equity ideas.

Country and Sector Earnings Revision SummaryJ-curve effects apparent in Europe, Australia, and JapanEmerging market earnings revision underperformance led by ChinaFinancial sector earnings recovery, especially in JapanConsumer discretionary earnings under pressureEarnings momentum in telecoms fading since last earnings updateThis is the third in a series of four short notes, which evaluate our APAC investment strategy insights over the past 3 months, provides an overview of the current state of APAC valuation and earnings, followed by an update of our asset allocation, stock, sector and equity ideas.

ANIMAL SPIRITS REPORT: Country and Sector Earnings Revision Summary (Dec 2016)

India

ITC Limited, a member of BAT Group of UK, is a holding company, which has a diversified presence in Cigarettes, Hotels, Paperboards & Specialty Papers, Packaging, Agri Business, Packaged Foods & Confectionery, Branded Apparel, Greeting Cards and other FMCG products.

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ITC Ltd (ITC IN)

IPO Pipeline to Remain Strong as PE Funds, Quasi-Govt Promoters Aim for Portfolio Exits

Primary issuances are expected to remain strong in 2017 following a five-year high in funds raised in 2016 (Rs 220bn) even as Fed rate expectations...

Asia Advisors

Marketnomix Insights : India Outlook

Growth outlook remains tilted to the downside. Fiscal and Monetary Policy have become confusing amidst a lack of meaningful structural...

Rajan Govil

Bleak Future for Consumer Staples

The Index of Industrial Production (IIP) for October 2016 was announced on the evening of December 9, 2016. As against the consensus expectation of...

Hemindra Hazari

ANIMAL SPIRITS REPORT: Investment Outlook - Emerging Markets Trumped but Japan Escapes Value Trap

"Overweights" - Japan and Taiwan "Underweights" - India, Singapore, Indonesia, and the Philippines Recent Upgrades - Japan, Taiwan, and...

Paul M. Kitney, PhD

ANIMAL SPIRITS REPORT: Country and Sector Earnings Revision Summary (Dec 2016)

Country and Sector Earnings Revision Summary J-curve effects apparent in Europe, Australia, and Japan Emerging market earnings revision...

Paul M. Kitney, PhD

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