Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Thematic (Sector/Industry)

With Korea warped by the Choi Soon Shil scandal, investors are already looking ahead. Although it is yet unclear how the Choi Soon Shil scandal will play out, there is a high probability that the Korean people, with the approval of the National Assembly, may decide to select a new Korean President sometime in 1H17. There are three major candidates that could become the next Korean President, including Moon Jae-In, Ban Ki-Moon, and Lee Jae-Myung. <div class="content-highlight">Currently, we believe that at this point, Moon Jae…</div>

With Korea warped by the Choi Soon Shil scandal, investors are already looking ahead. Although it is yet unclear how the Choi Soon Shil scandal will play out, there is a high probability that the Korean people, with the approval of the National Assembly, may decide to select a new Korean President sometime in 1H17. There are three major candidates that could become the next Korean President, including Moon Jae-In, Ban Ki-Moon, and Lee Jae-Myung. Currently, we believe that at this point, Moon Jae…

Moon Jae In, Ban Ki Moon, Lee Jae Myung - Who Will Become the Next Korean President?

Asia Ex-J Consumer/ Transport analyst

Valerie Law, CFA

My theory is that Uber failed in China not because its technology is not advanced. Rather, it failed because it entered a saturated market. As an app, Uber is new and great, but as a business model (matching people with cabs and car-pooling), this is an outdated concept in China. Hence, I’m not entirely surprised that the US company has failed to gain a foothold there.Here, I introduce a new mini-series about businesses, accounting, and investing practices within China experienced from the…

My theory is that Uber failed in China not because its technology is not advanced. Rather, it failed because it entered a saturated market. As an app, Uber is new and great, but as a business model (matching people with cabs and car-pooling), this is an outdated concept in China. Hence, I’m not entirely surprised that the US company has failed to gain a foothold there.Here, I introduce a new mini-series about businesses, accounting, and investing practices within China experienced from the…

China Business Observations: Why Uber "Failed" And Humans Are a Commodity (Episode 1)

Making sense of the Global Market, Euromonitor International Ltd.

Yu Mitsuhashi

Making sense of the Global Market

Euromonitor International Ltd.

We are a global market research company focused on industries, countries, economies and consumers worldwide. Our cross-country comparable research helps your organisation identify opportunities and develop growth strategies in countries and regions across the globe. With offices around the world, 1,200 analysts in 100 countries and market research on every key trend and driver, we give you powerful access to the real story behind consumer change.

Change in Consumer Lifestyles in Asia Pacific Triggers Volume in Robotic Vacuum Cleaners (Part 1)Over 2016-2021, China is still expected to be a leading country in terms of absolute volume growth in robotic vacuum cleaners in Asia Pacific, with volume growth of 1.6 million units, followed by Japan and Thailand. In Asia Pacific, there are various reasons driving the growth in these countries apart from the universal preference for convenience among global consumers. The growing trend towards purchasing via internet retailing in China, the increased number of working women in Japan, in addition to the preference to stay in condominiums nearby transportation systems are triggering the growth of robotic vacuum cleaners in Asia Pacific.

Change in Consumer Lifestyles in Asia Pacific Triggers Volume in Robotic Vacuum Cleaners (Part 1)Over 2016-2021, China is still expected to be a leading country in terms of absolute volume growth in robotic vacuum cleaners in Asia Pacific, with volume growth of 1.6 million units, followed by Japan and Thailand. In Asia Pacific, there are various reasons driving the growth in these countries apart from the universal preference for convenience among global consumers. The growing trend towards purchasing via internet retailing in China, the increased number of working women in Japan, in addition to the preference to stay in condominiums nearby transportation systems are triggering the growth of robotic vacuum cleaners in Asia Pacific.

Change in Consumer Lifestyles in Asia Pacific Triggers Volume in Robotic Vacuum Cleaners (Part 1)

SGX Market Strategist, Equity & Fixed Income, Singapore Exchange Ltd (SGX)

Geoff Howie

SGX Market Strategist, Equity & Fixed Income

Asia’s leading multi-asset exchange

Singapore Exchange Ltd (SGX)

Singapore Exchange is Asia’s leading and trusted market infrastructure, facilitating the exchange of capital and ideas to create value for people, businesses and economies. As a multi-asset exchange operating equity, fixed income and derivatives markets to the highest regulatory standards, SGX is a vertically integrated business that provides listing, trading, clearing, settlement, depository and data services.

With about 40% of listed companies and over 80% of listed bonds originating outside of Singapore as well as established linkages across the region and in Europe, SGX is Asia’s most international and connected exchange. Offering a full suite of derivatives products across Asian equity indices, commodities and currencies, SGX is the world’s most liquid international market for the benchmark equity indices of China, India, Japan and ASEAN.

As Asia’s pioneering central counterparty, SGX is globally recognised for its risk management and clearing capabilities, and was one of the first globally to adopt the Principles for Financial Market Infrastructure.

Headquartered in AAA-rated Singapore, SGX has over 800 employees including offices in Beijing, Chicago, Hong Kong, London, New York, Mumbai, San Francisco, Shanghai and Tokyo.

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§  The Consumer Staples Sector is made up of businesses less sensitive to economic cycles. In comparison, the performance of businesses in the Consumer Discretionary Sector tend to be more impacted by these cycles.
 
§  Globally, the MSCI World Consumer Staples Index has generated a 2.7% dividend inclusive YTD return while regionally, the MSCI AC Asia Pacific Consumer Staples Index generated a 5.7% dividend inclusive YTD return. This compared to a 1.3% decline and 0.8% gain for the…
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§  The Consumer Staples Sector is made up of businesses less sensitive to economic cycles. In comparison, the performance of businesses in the Consumer Discretionary Sector tend to be more impacted by these cycles.
 
§  Globally, the MSCI World Consumer Staples Index has generated a 2.7% dividend inclusive YTD return while regionally, the MSCI AC Asia Pacific Consumer Staples Index generated a 5.7% dividend inclusive YTD return. This compared to a 1.3% decline and 0.8% gain for the…




Consumer Staples Offered Investor Returns Amid Lower Growth Outlooks

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>There's little left in <a href="https://www.smartkarma.com/entities/sankei-real-estate-inc" target="_blank" data-smartkarma-citation="entities:35239:1" rel="noopener">Sankei Real Estate (2972 JP)</a> if Murakami-san is the sole blocker, as it gets done with him in the back end OR a big bump.</li>
<li>
<a href="https://www.smartkarma.com/entities/wh-group-ltd" target="_blank" data-smartkarma-citation="entities:13200:1" rel="noopener">WH Group (288 HK)</a> is trading around its highest implied stub, post <a href="https://www.smartkarma.com/entities/smithfield-foods-inc" target="_blank" data-smartkarma-citation="entities:44251:1" rel="noopener">Smithfield Foods (SFD US)</a>'s spin-off. Forward growth drivers are more evident in Smithfield and <a href="https://www.smartkarma.com/entities/henan-shuanghui-investment-development" target="_blank" data-smartkarma-citation="entities:20515:1" rel="noopener">Henan Shuanghui (000895 CH)</a>.</li>
<li>For CSRC to pushback on <a href="https://www.smartkarma.com/entities/enn-energy-holdings-ltd" target="_blank" data-smartkarma-citation="entities:316:1" rel="noopener">ENN Energy (2688 HK)</a>, it would need to clearly articulate, clear friction points surrounding the deal structure and/or systematic A-share market risks. Neither appears apparent.</li>
</ul>


There's little left in Sankei Real Estate (2972 JP) if Murakami-san is the sole blocker, as it gets done with him in the back end OR a big bump.

WH Group (288 HK) is trading around its highest implied stub, post Smithfield Foods (SFD US)'s spin-off. Forward growth drivers are more evident in Smithfield and Henan Shuanghui (000895 CH).
For CSRC to pushback on ENN Energy (2688 HK), it would need to clearly articulate, clear friction points surrounding the deal structure and/or systematic A-share market risks. Neither appears apparent.


Last Week In Event SPACE: Sankei Real Estate, WH Group, ENN Energy, Tekscend Photomask

Hong Kong

WH Group is the world's largest pork company, operating across China, the US, and Europe. It integrates hog production, slaughtering, and the processing and distribution of packaged meats and fresh pork. The company's core business includes a wide range of packaged meat products and fresh pork. Headquartered in Hong Kong, the company traces its origins back to 1958.

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WH Group (288 HK)

Moon Jae In, Ban Ki Moon, Lee Jae Myung - Who Will Become the Next Korean President?

With Korea warped by the Choi Soon Shil scandal, investors are already looking ahead. Although it is yet unclear how the Choi Soon Shil scandal...

Douglas Kim

China Business Observations: Why Uber "Failed" And Humans Are a Commodity (Episode 1)

My theory is that Uber failed in China not because its technology is not advanced. Rather, it failed because it entered a saturated market. As an...

Valerie Law, CFA

Change in Consumer Lifestyles in Asia Pacific Triggers Volume in Robotic Vacuum Cleaners (Part 1)

Change in Consumer Lifestyles in Asia Pacific Triggers Volume in Robotic Vacuum Cleaners (Part 1)Over 2016-2021, China is still expected to be a...

Euromonitor International Ltd.

Consumer Staples Offered Investor Returns Amid Lower Growth Outlooks

§ The Consumer Staples Sector is made up of businesses less sensitive to economic cycles. In comparison, the performance of businesses...

Singapore Exchange Ltd (SGX)

Last Week In Event SPACE: Sankei Real Estate, WH Group, ENN Energy, Tekscend Photomask

It’s Sunday! Pour yourself a coffee, grab a comfortable seat, and sift through a brief summary of insights on various events discussed during the...

David Blennerhassett

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