In today’s briefing:
- DBS – Granular Disclosure Shows Aggressive Deterioration in HK and China. Look at Pillar 3 Also.
- Indian Trade Body Greenlights ADD On Halobutyl Rubber Imports
DBS – Granular Disclosure Shows Aggressive Deterioration in HK and China. Look at Pillar 3 Also.
- Granular data from DBS shows worsening credit metrics in Greater China and in Hong Kong.
- We use DBS and other banks, as a window on credit metrics for China banks and HK local banks.
- The NPL ratio for its HK business moved from 1.1% to 1.7% YoY, while Pillar 3 data shows sharp rise in New NPLs in 2H24
Indian Trade Body Greenlights ADD On Halobutyl Rubber Imports
- HIIR from Japan, Russia, Singapore, UK, USA face action
- India producer Reliance Sibur petitions DGTR on dumping
- ADD range from 10% to 70% on the affected imports
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