Blog Archives

US Morning Report: The Pound winds down, Stanchart pays with $15B in Market Cap and Facebook gets ready for extreme supply

The Pound Sterling fell to more comfortable levels in Asia and for once London did not have to go against the grain of the trade in the pre US open markets, as the Euro wound down from an uncomfortable 1.24

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, Financial Markets, US

Bank Results Season: You won’t catch them speaking Emerging Markets again! (StanChart H1 2012)

HSBC’s fastest groing markets mandate and StanChart’s Emerging Markets prince characterisation remains but even for Stanchart, growing markets have changed since they pressed forward in 2009 thinking of their home advantage to push thru. India in particula and marketso utside

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Posted in Amitonomics, Banking, China, Financial Markets, Financial Services, Global, India

Gap recovers, Esprit spirals towards Sale | Deal Insight – The Retail Lifestyle also rans

  Of course, in keeping with the series’ semantics and character, because both GAP and Esprit have been out of Retail Lifestyle Winner shortlists for a long time and may remain so, but luxury retail has already tried with private

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Posted in Amitonomics, China, Emerging Markets, India Infrastructure, Retail Lifestyle, US

Bank Results Season: Taking a look at trading rebound vs commercial banking growth (HSBC Q1 2012)

HSBC’s Net Operating income was up to $18.8 bln before DVA from $17.6 bln last year before DVA spreads squeezed topline. Meanwhile run off portfolo efficiencies in North America down to 3.4% on Cards and 7.1% on non revolving credit

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Posted in Banking, Emerging Markets, Global

Bank Results Season: Standard Chartered effectively neutralised in Asia? (Q1 2012)

The Temasek controversy apart ( Aside: This is not much of a controversy really, The investor wanted to hold $10 bln worth of Stan C shares and we assume and hope that Stan C will find ADIA or other bidders

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Posted in Amitonomics, Banking, Europe, Global, India Infrastructure

China’s Banks pull in claws!: Could #5 BoCOM beat #4 Bank of China (2011 results reports)

Despite a almost 30% improvement, Bank of China is stilll the worst of the big Four banks in NPLs with 1.8% as its ratio of NPLs five times that of BOCOM and almost 70% higher than AgBank which is #2

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Posted in Banking, China, Financial Markets, Global

BofA, Citi await Deal Thursday | Banking Insight

Even as Goldman Sachs reported its first loss in Asia in 2011, losing $103 mln in the continent across China, India, Hongkong and many of its favorite emergent markets including Korea, Thailand, Vietnam and Mongolia down form a $2 bln

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Posted in Financial Markets

Asia Impact: China lowers GDP target, AIA sale second time lucky for AIG

StanChart compared well with other ASia Giant HSBC but HSBC has outgrown it in Hongkong and Mainland China just by virtue of having been their longer, even with including an almost $3 bln contribution from its business in Bank of

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Posted in Financial Markets

US Economy (The Week Ahead): Expectant on Jobs & Credit Data

China PMI data early in the night leads up to a beautiful March recovery as March madness starts off this week with Jobs Data continuing to add 200,000 in Jobs by the ADP report (Private Payrolls) before Friday’s Employment situation

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Posted in Financial Markets

China’s Banks 2012 lending targets | China Review & Insight

When early last month, China banks reported a 25% Y/Y slowdown to CnY 750 bln or $125 bln it was now so slow if including the Year of the Dragon celebrations and the shortage of Capital at the big banks

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Posted in Financial Markets