Investment Management
* The Silent Start Of The Asian Airline Sector: Garuda Indonesia surged as high as 12 percent today and is up 90 percent on a year-to date basis. Its 5.95 percent 2020 sukuk has climbed more than 5 percent in value. Garuda has been the “Silent Star’ of the Asian Airline sector * Widodo’s Pro […]
* On 14 March Singapore’s GIC bought 27.6 million shares of Vietnam’s Masan Group, raising its stake to 5.08 percent from 1.38 percent. Vietnam’s Masan Group started operations in 2004 as a shipping company with a chartered capital of VND 3.2 bn. Over the years, it has grown into Vietnam’s leading private sector company with […]
* Brazil stocks led gains among the world’s biggest markets after a vote by lawmakers pushed President Dilma Rousseff a step closer to impeachment amid the largest corruption scandal in the nation’s history. The Ibovespa rose 1.7 percent to 51,014.68 at 11:03 a.m. in Sao Paulo after a lower house committee voted in favor of Rousseff’s impeachment […]
* We look to Buy South Korea’s CJ Corp on weakness as we see it having an upside of 50 percent over the next two years. The Korean conglomerate is going to spend an additional $500 million in 2016 to expand into Vietnam. CJ plans to make Vietnam its third largest investment destination by 2020, […]
* Bloomberg reports Chinese conglomerate HNA Group Co. has agreed to buy Swiss airline catering company Gategroup Holding AG for 1.4 billion francs ($1.5 billion), as billionaire Chen Feng continues on an acquisition spree of aviation assets around the world. We see China HNA 2017 CNY 8.00% bonds climbing to PAR at expiry * Shareholders would get 53 francs […]
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