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1 week ago | 
smartkarma.com | David Blennerhassett |Sudarshan Bhandari |Leonard Law |Michael Fritzell
In today’s briefing:StubWorld: Swire Is “Rich” To Cathay; And Cathay “Cheap” To Air ChinaAsia Real Estate Tracker (16-Apr-2025): Singapore’s LHN Group wants SGX listing for Coliwoo Co-Living. The Beat Ideas: Samhi Hotels, A Strategic Play on India’s Premium HotelsLucror Analytics – Morning Views AsiaKina Securities Meeting (KSL AU): A Papua New Guinea Commercial Bank. Asia Real Estate Tracker (16-Apr-2025): Singapore’s LHN Group wants SGX listing for Coliwoo Co-Living.
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3 weeks ago | 
smartkarma.com | Leandro Gubler |Leonard Law
In today’s briefing:Initiating Coverage on Telecom: Solid Market Position but Uncertain OutlookLucror Analytics – Morning Views AsiaInitiating Coverage on Telecom: Solid Market Position but Uncertain OutlookWe are initiating coverage on Telecom with a Market Perform recommendation. We view the notes as fairly valued considering the uncertainty surrounding the potential acquisition of Telefónica.
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1 month ago | 
smartkarma.com | Leonard Law |Leandro Gubler
In today’s briefing: Lucror Analytics – Morning Views Asia China Oil & Gas – Earnings Flash – FY 2024 Results – Lucror Analytics Minerva 4Q24: Acquisition Outlook and Market Tailwinds Support Credit Upgrade Weekly News & Views – Mar 21, 2025 Lucror Analytics – Morning Views Asia In today’s Morning Views publication we comment on developments of the following high yield issuers: MGM China, Genting Berhad, Road King, Meituan, AAC Technologies In the US, Chicago Fed President Austan Goolsbee...
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1 month ago | 
smartkarma.com | Leandro Gubler |Leonard Law
In today’s briefing:YPF 4Q24: Macro Tailwinds and Strategic Progress Offset a Weak QuarterLucror Analytics – Morning Views AsiaYPF 4Q24: Macro Tailwinds and Strategic Progress Offset a Weak QuarterWe maintain our Outperform recommendation on YPF. Shale Expansion, Export Capacity Growth Key to Long-Term PerformanceYPF posted weak 4Q24 results. Adjusted EBITDA dropping 38.6% QoQ and 22.5% YoY to $839 million, missing consensus by 19.7%.
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1 month ago | 
smartkarma.com | Leonard Law |Trung Nguyen |Trung Nguyễn |Leandro Gubler
In today’s briefing:Perusahaan Listrik (PLN) – Tear Sheet – Lucror AnalyticsLucror Analytics – Morning Views AsiaVista Energy 4Q24: Solid Expectations Despite Short-Term Cost HeadwindsPerusahaan Listrik (PLN) – Tear Sheet – Lucror AnalyticsWe view Perusahaan Listrik Negara (PLN) as “Low Risk” on our LARA scale, primarily driven by the company’s strategic importance to Indonesia and SOE status (100% owned by the government).
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2 months ago | 
smartkarma.com | Leonard Law |Leandro Gubler
In today’s briefing:Lucror Analytics – Morning Views AsiaU.S. Tariffs and Their Potential Impact on Cemex and PemexLucror Analytics – Morning Views AsiaIn today’s Morning Views publication we comment on developments of the following high yield issuers: Greentown China, Health and Happiness (H&H)In the US, the December JOLTS job openings unexpectedly declined to 7.6 mn (8.0 mn e / 8.2 mn revised p). The JOLTS lay-off and quits rates were stable at 1.1% and 2.0%, respectively, in December.
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Jan 17, 2025 | 
smartkarma.com | Tanvi Arora |Leonard Law
In today’s briefing:Lucror Analytics – Morning Views AsiaLucror Analytics – Morning Views AsiaLucror Analytics – Morning Views AsiaIn the US, the December CPI edged higher to 2.9% y-o-y (2.9% e / 2.7% p) and 0.4% m-o-m (0.4% e / 0.3% p), the fastest monthly pace since March 2024. That said, core CPI (excluding food and energy) eased marginally to 3.2% y-o-y (3.3% e / 3.3% p) and 0.2% m-o-m (0.3% e / 0.3% p).
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Jan 15, 2025 | 
smartkarma.com | Leonard Law |Trung Nguyen |Trung Nguyễn
In today’s briefing:Health And Happiness – Event Flash – Launches Tender Offer And Concurrent Notes IssuanceLucror Analytics – Morning Views AsiaJSW Steel – ESG ReportHealth And Happiness – Event Flash – Launches Tender Offer And Concurrent Notes IssuanceHealth and Happiness’ (H&H) proposed tender offer and new notes issuance will extend its debt maturity profile and alleviate debt repayment pressure in FY 2026.
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Jan 14, 2025 | 
smartkarma.com | Leonard Law
In today’s briefing:Lucror Analytics – Morning Views AsiaLucror Analytics – Morning Views AsiaIn today’s Morning Views publication we comment on developments of the following high yield issuers: Yuexiu Property, Seazen Group, Vedanta ResourcesIn the US, the UST curve bear steepened slightly, amid a rise in oil price and a heavy pipeline of corporate bond issuances. The yield on the 2Y UST was unchanged at 4.38%, while that on the 10Y UST was up 2 bps at 4.78%. Equities were mixed.
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Jan 13, 2025 | 
smartkarma.com | Trung Nguyen |Trung Nguyễn |Leonard Law
In today’s briefing:Vinhomes – New Issue Assessment – Lucror AnalyticsLucror Analytics – Morning Views AsiaVinhomes – New Issue Assessment – Lucror AnalyticsVinhomes launched a roadshow last week to market its debut USD 144A/RegS five-year bullet notes. The notes are expected to be rated B1 by Moody’s and BB- by Fitch, in line with the issuer rating. The proceeds will be used mainly for debt refinancing and capex.
