MSCI May 2021 SAIR: a lot of changes expected. Watch out for the Adani Group (India), Kbank (Thailand) and names likely to make it to FYSE AW in June.
Stocks with maximum impact from passive buying...
Stocks with maximum impact from passive selling...
New listings that didn’t make the cut for Fast Entry Inclusion and could now be included
And other trades including $SE, switch from $BABA to $9988.HK and possible halving in $KBANK.TB
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* Country Garden
* Longfor Group
* Sino-Ocean
* R&F Properties
* Yango
* Dalian Wanda
* Yuzhou Group
* China Cinda Asset Management / Tianfang
COUNTRY GARDEN $2007.HK
The company anticipates reporting a net loss ranging from 45 to 55 billion RMB for H1'23.
This is a stark contrast to the net profit of approximately 1.9 billion RMB recorded in H1'22.
The anticipated net loss can be attributed to a significant decrease in the gross profit margin of the real estate business due to an overall industry sales decline and foreign exchange losses.
@galliano_victor and his team screen 6 large and mid-cap Malaysian banks’ core profitability, and their credit quality metrics, to better identify banks with good earnings growth prospects, and the potential to deliver sustainably improved returns.
This deal is relatively straightforward with minimal preconditions, and there is little possibility of a proxy battle, so the spread will likely remain tight.
At the current stage, there are two potential trading opportunities to consider.
If the ongoing tender offer fails, there could be a second tender offer at a higher price. Taking into account the case of Osstem Implant (048260 KS), a KOSDAQ-listed company that conducted...
How the Treasury Refresh May Not Be Catastrophic
— Cam Hui @HumbleStudent
1/
The U.S. Treasury market is expected to see a flood of new issuance which would draw liquidity from the financial system and create headwinds for the price of risk assets.
2/
Tthere may be a narrow benign liquidity path for the Treasury account reset if the assets parked at the Fed’s reverse repo facility shift into Treasury paper.
The smaller Mexican BanBajio and BanRegio have negligible AFS MtM hits and very healthy core capital.
At the other extreme, BCI of Chile is weak on CET1 and has a bigger MtM hit to core capital, along with Credicorp. 2/
LIQUIDITY
BIg Brazil banks are strong in terms of loan to deposit ratio (image), and they have respectable Basel III metrics in the form of Net Stable Funding Ratio (NSFR) and Liquidity Coverage Ratio (LCR). 3/