Equity Research Analyst, Maritime sector, Drewry Maritime Financial Research

Ankush Kathuria CFA, FRM

Equity Research Analyst, Maritime sector

Maritime Sector, Equity & Credit Research

Drewry Maritime Financial Research

With no ties to other players in the shipping, finance or banking world, we provide a uniquely impartial view of the markets and companies we cover. Our parent organization, Drewry is a leading independent provider of research services to the maritime and shipping industry, employing over 100 professionals across an international network of offices in London, Delhi, Singapore and Shanghai. Combining our market-leading resources with seasoned sector expertise DFRS offers a highly differentiated and comprehensive range of investment and financial research services to lenders and prospective investors in publicly listed maritime and shipping companies. The full service of reports, supporting resources and sector orientated webinars provides our clients with the most complete picture of the organisations under coverage as is possible. We have been charting and analysing the world’s maritime markets for more than 40 years. This unrivalled intelligence and understanding provides the foundation of our research service. Our analysts have access to one of the most up-to-date, comprehensive and reliable sources of market insight and research data available today. We look at globally listed companies within the following sectors: Port Operators, Container Shipping, Container Manufacturing & Leasing, LNG Shipping, Dry Bulk Shipping and Tanker Shipping. Combine in-depth sector expertise with financial analysis focusing on over 50 stocks globally.

Thematic (Sector/Industry)

Carriers have withdrawn extremely low spot market freight rates on some, but not all, routesDrewry’s Global Freight Rate Index, a weighted average of spot container freight rates across all major routes except intra-Asia, swung back in Q216 by 13% to reach $1,403 per 40ft box. The global spot rate index had dropped to an all-time low of $1,113 per 40ft container in April.The 26% jump in the global rate index between April and July follows the recent tendency of ocean carriers to increase rates…

Carriers have withdrawn extremely low spot market freight rates on some, but not all, routesDrewry’s Global Freight Rate Index, a weighted average of spot container freight rates across all major routes except intra-Asia, swung back in Q216 by 13% to reach $1,403 per 40ft box. The global spot rate index had dropped to an all-time low of $1,113 per 40ft container in April.The 26% jump in the global rate index between April and July follows the recent tendency of ocean carriers to increase rates…

Container Shipping - Freight Rates Bottoming Out ?

Japan TMT Analyst

Pelham Smithers

Market Intel on Asian Tech with a Japan focus

Pelham Smithers Associates

Founded in 2009, Pelham Smithers Associates (PSA) provides market intelligence on Asian technology, focusing in particular on Japan. The industries covered by our team of specialists are: consumer electronics, telecomms, pharmaceuticals, internet, electronic parts and materials, automotive technology, retail and capital goods. 

Research is provided by the following:
Pelham Smithers: Macro, consumer electronics, telecoms & pharma
Joel Scheiman: Electronics materials / components
Julie Boote: Autos
Will Nestuk: Capital goods, machinery & transportation equipment parts
Thao Nguyen: eCommerce, internet content, marketing & advertising

The Topix pharmaceutical index (TPPHRM) fell to 2,355 just after the lunch break in Tokyo on Friday 19th August, before recovering to 2,377, with the market's afternoon rally. That though was still a 52-week daily-close low. In August, alone, the sector is down 10%. This can in part be explained by bad news - <a href="https://www.smartkarma.com/entities/8979" target="_blank" data-smartkarma-citation="entities:8979:1">Ono Pharmaceutical</a>'s shares have been hit by negative news over Opdivo (see <a href="https://www.smartkarma.com/insights/opdivo-fails-nsclc-test" target="_blank" data-smartkarma-citation="insights:5134">Opdivo Fails NSCLC Test)</a> - however, <a href="https://www.smartkarma.com/entities/4489" target="_blank" data-smartkarma-citation="entities:4489:1">Chugai Pharmaceutical</a> has fallen from ¥3,865 to ¥3,205 over the same time and…

The Topix pharmaceutical index (TPPHRM) fell to 2,355 just after the lunch break in Tokyo on Friday 19th August, before recovering to 2,377, with the market's afternoon rally. That though was still a 52-week daily-close low. In August, alone, the sector is down 10%. This can in part be explained by bad news - Ono Pharmaceutical's shares have been hit by negative news over Opdivo (see Opdivo Fails NSCLC Test) - however, Chugai Pharmaceutical has fallen from ¥3,865 to ¥3,205 over the same time and…

Bespoke Research on China and neighbouring regions, Bixmoor

Bixmoor

Bespoke Research on China and neighbouring regions

Bixmoor specialises in providing bespoke research to business, governments and the financial community on China and neighbouring regions. We seek to build long-term relationships with our clients, based on our expertise, our reliability and our determination to find the right solution.

It has been noted that private sector investment in China has been weakening, but less commented upon is the massive increase in state-sector investment, fueled by easy access to state banks and often at the expense of the smaller, more efficient private companies.

It has been noted that private sector investment in China has been weakening, but less commented upon is the massive increase in state-sector investment, fueled by easy access to state banks and often at the expense of the smaller, more efficient private companies.

Growing Worries of China's Private Entrepreneurs

Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

This is the latest in a series of JAPAN FLOW regarding historical, recent, and forward flow dynamics of Japan equities.The series to date is:<table class="table table-striped"><tbody>
<tr>
<td>Date</td>
<td>Number</td>
<td>Title</td>
</tr>
<tr>
<td>4-Aug-16</td>
<td>Japan Flow I</td>
<td><a href="https://www.smartkarma.com/insights/japan-flow-i-the-boj-s-new-etf-buying" target="_blank">The BOJ's New ETF Buying</a></td>
</tr>
<tr>
<td>12-Aug-16</td>
<td>Japan Flow II</td>
<td><a href="https://www.smartkarma.com/insights/japan-flow-ii-just-what-etfs-does-the-boj-buy-could-we-see-an-april2000-style-nikkei-225-rebal" target="_blank">Just What ETFs Does the BOJ Buy? Could We See an April2000-Style Nikkei 225 Rebal?</a></td>
</tr>
<tr>
<td>20-Aug-16</td>
<td>Japan Flow III</td>
<td><a href="https://www.smartkarma.com/insights/japan-flow-iii-the-mechanics-of-boj-buying" target="_blank">The Mechanics of BOJ Buying</a></td>
</tr>
</tbody></table>This new one discusses investor class flow dynamics, cycles, and trends and pressures going forward.The TSE (now JPX) historically releases the…

This is the latest in a series of JAPAN FLOW regarding historical, recent, and forward flow dynamics of Japan equities.The series to date is:

Date
Number
Title


4-Aug-16
Japan Flow I
The BOJ's New ETF Buying


12-Aug-16
Japan Flow II
Just What ETFs Does the BOJ Buy? Could We See an April2000-Style Nikkei 225 Rebal?


20-Aug-16
Japan Flow III
The Mechanics of BOJ Buying

This new one discusses investor class flow dynamics, cycles, and trends and pressures going forward.The TSE (now JPX) historically releases the…

JAPAN FLOW IV:  Foreign Flows Matter, & They Have Clear Cycles

This is the latest in a series of JAPAN FLOW regarding recent and forward flow dynamics of Japan equities.The first two are:   <ol>
<li>
<a href="https://www.smartkarma.com/insights/japan-flow-i-the-boj-s-new-etf-buying" target="_blank" data-smartkarma-citation="insights:5065">JAPAN FLOW I:  The BOJ’s New ETF Buying</a> and </li>
<li>
<a href="https://www.smartkarma.com/insights/japan-flow-ii-just-what-etfs-does-the-boj-buy-could-we-see-an-april2000-style-nikkei-225-rebal" target="_blank" data-smartkarma-citation="insights:5214">JAPAN FLOW II:  Just What ETFs Does the BOJ Buy? Could We See an April2000-Style Nikkei 225 Rebal?</a> </li>
</ol>I have received questions about the dynamics and mechanics of BOJ ETF buying and thought it was worth a Quick Note. In addition, two days after I wrote the last piece, Bloomberg started another series of <a href="http://www.bloomberg.com/news/articles/2016-08-14/the-tokyo-whale-s-unstoppable-rise-to-shareholder-no-1-in-japan" target="_blank">articles</a> about the 'Tokyo…

This is the latest in a series of JAPAN FLOW regarding recent and forward flow dynamics of Japan equities.The first two are:   

JAPAN FLOW I:  The BOJ’s New ETF Buying and 

JAPAN FLOW II:  Just What ETFs Does the BOJ Buy? Could We See an April2000-Style Nikkei 225 Rebal? 
I have received questions about the dynamics and mechanics of BOJ ETF buying and thought it was worth a Quick Note. In addition, two days after I wrote the last piece, Bloomberg started another series of articles about the 'Tokyo…

JAPAN FLOW III:  The Mechanics of BOJ Buying

Japan

KUBOTA CORPORATION manufactures industrial machinery, farm machinery, and fluid piping systems.  The Company's products include ductile iron pipes, engines, tractors, combine harvesters, reaper binders, rice planters, and excavators.  Kubota also produces forged iron products, housing equipment, and environmental control plants.

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Kubota Corp (6326 JP)

Container Shipping - Freight Rates Bottoming Out ?

Carriers have withdrawn extremely low spot market freight rates on some, but not all, routesDrewry’s Global Freight Rate Index, a weighted average...

Drewry Maritime Financial Research

Japan Pharma Hits 52 Week Low

The Topix pharmaceutical index (TPPHRM) fell to 2,355 just after the lunch break in Tokyo on Friday 19th August, before recovering to 2,377, with...

Pelham Smithers Associates

Growing Worries of China's Private Entrepreneurs

It has been noted that private sector investment in China has been weakening, but less commented upon is the massive increase in state-sector...

Bixmoor

JAPAN FLOW IV: Foreign Flows Matter, & They Have Clear Cycles

This is the latest in a series of JAPAN FLOW regarding historical, recent, and forward flow dynamics of Japan equities.The series to date is:This...

Travis Lundy

JAPAN FLOW III: The Mechanics of BOJ Buying

This is the latest in a series of JAPAN FLOW regarding recent and forward flow dynamics of Japan equities.The first two are: JAPAN FLOW I: The...

Travis Lundy

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