Hong Kong’s Perfect Storm with Double Drag: Shorting SHKP 16 HK as the Ultimate Macro Proxy
Perfect Storm and Double Drag: HK’s monetary policy is tied to US, while economic growth is tied to China. Now the city is crushed between...
101 Views
HK Strategy: Rate Hike Exposure - Fixed & Floating Rate Debt Analysis
With the US$ rate likely to trend higher over the next 12 months, the HSI constituent stocks with elevated gearing and floating-rate debt, like...
124 Views
Overview #49 – The Return of the Real Economy
A review of recent events/data impacting our investment themes and outlook. US data confirms the cyclical upturn, while China awaits the Two Sessions
320 Views
Quick Note: 1M HIBOR Decline by 300bps – Implications for Hong Kong Real Estate
HK's 1M HIBOR sharply declined for 300bps to c. 0.6%, on the back of increasing liquidity of HKMA. We think the drop in interbank rate will reduce...
880 Views
Soundwill Holdings (878 HK): Foo Family’s Offer at HK$8.50
While the offer is light compared to peer multiples, it is attractive compared to historical trading ranges. A low AGM minority participation rate...
742 Views