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Asian credit research
Bondcritic was established in 2009 to be an independent voice that helps investors assess and understand opportunities in Asian distressed, high-yield, and non-rated bonds. Our mission is to discover deep value in bonds with a bottom-up approach, together with the help of our proprietary ESG (Environment, Social Development, and Governance) model. 

Our single-name credit research, ESG research, and frontier market research represent the best of our global team members’ skills and experience, comprising credit and equity research.  Bondcritic is free from conflicts, and our primary objective is to be an extension of our clients’ research teams.

Bond Critic analysts and experts

  • All
  • Sumit Gupta
  • Warut Promboon

Recent publications by Bond Critic

SRI LANKA: Surviving Between a Rock and a Hard Place

( 11 mins read ) Summary Asset Class Credit Quality High yield Geography Sri Lanka Sector Sovereign Date 24 SEP 2020 Executive Summary In our last report dated 12-May-20, we highlighted the fact that Sri Lanka will not default this year. We also compared Sri Lanka with its closest Asian peers such as Mongolia, Papua

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Parkway Pantai: Good Brand with Limited Upside

( 19 mins read ) Summary Asset Class Credit Quality High yield Geography Singapore/ Malaysia Sector Healthcare Credit rating NR Report date 3-AUG-20 We initiate our coverage of Parkway Pantai Limited (Parkway Pantai), a wholly-owned subsidiary of IHH Healthcare Bhd of which major shareholders include A3-rated Japanese conglomerate Mitsui & Co and Khazanah Nasional Bhd,

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Olam International: Cocoa Against COVID

( 27 mins read ) Summary Asset Class Credit Quality High yield Geography Singapore Sector Agricultural Credit rating NR Report date 4-June-2020 Executive Summary  We initiate our coverage of Olam International Limited (Olam), a leading global food and agri-business with >30 years of track record, headquartered in Singapore and majority-owned by the Singapore quasi-sovereign Temasek

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NEPTUNE ORIENT LINES: Cost Control Confidence

( 12 mins read ) Executive Summary Summary Geography Singapore Sector Marine Credit rating NR/NR (Moody’s/S&P) Report date 23-June-20 Since our last report, the NOLSP complex (in SGD) has outperformed as COVID-19 situation improved in many countries as well as the announcement of CMA CGM’s 1Q’20 results on 5-June. CMA CGM is Neptune Orient Lines

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Dr. Peng Telecom & Media Group: On Ventilator

( 18 mins read ) Press play to listen Executive summary: Summary Geography China Sector Telecommunications Credit rating Caa1/WR (Moody’s/S&P) Report date 11-May-2020 Dr. Peng Telecom & Media Group Company Limited (Dr. Peng) is a guarantor of Dr. Peng Hong Kong Holding Limited, an issuer of USD500m bonds maturing 1st June 2020 (CHEDRP 5.05% 6/20s).

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Follow @bondcritic on Twitter

China Evergrande shares tumble after stock sale falls short https://asia.nikkei.com/Business/Markets/Property/China-Evergrande-shares-tumble-after-stock-sale-falls-short2

https://www.forbes.com/sites/ywang/2020/09/18/chinese-real-estate-billionaire-scrambles-to-raise-cash-as-debts-reach-123-billion/#61b899b37d2f

Asian Governance: Diversity & Incentives Through the Cultural Lens https://www.smartkarma.com/insights/asian-governance-diversity-incentives-through-the-cultural-lens?utm_campaign=insight%2Bsharing&utm_content=sharing%2Blink&utm_medium=direct%2Blink&utm_source=twitter via @smartkarma

LAOS PDR: Twin Deficit Dilemma https://www.smartkarma.com/insights/laos-pdr-twin-deficit-dilemma?utm_campaign=insight%2Bsharing&utm_content=sharing%2Blink&utm_medium=direct%2Blink&utm_source=twitter via @smartkarma

Jubilant Pharma: Good Drugs, Fully-Valued Bonds https://www.smartkarma.com/insights/jubilant-pharma-good-drugs-fully-valued-bonds?utm_campaign=insight%2Bsharing&utm_content=sharing%2Blink&utm_medium=direct%2Blink&utm_source=twitter via @smartkarma

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