November 25, 2020 Lippo Malls Indonesia Retail Trust: Sponsoring the Sponsor Asia, Credit, Investment Strategies Lippo Malls Indonesia Retail Trust, LMRTSP Warut Promboon Summary Geography Indonesia Sector <span style="color: #000000;... Read More...
August 19, 2020 Parkway Pantai: Good Brand with Limited Upside Asia, Credit Parkway Pantai Warut Promboon 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,... Read More...
July 21, 2020 Olam International: Cocoa Against COVID Asia, Credit, Investment Strategies Olam International, OLAM Warut Promboon 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... Read More...
July 21, 2020 NEPTUNE ORIENT LINES: Cost Control Confidence Asia, Credit, Investment Strategies NOLSP, Neptune Orient Lines Warut Promboon Executive Summary SummaryGeographySingaporeSectorMarineCredit ratingNR/NR (Moody’s/S&P)Report date23-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.… <a... Read More...
September 24, 2020 SRI LANKA: Surviving Between a Rock and a Hard Place Sri Lanka Warut Promboon SummaryAsset ClassCreditQualityHigh yieldGeographySri LankaSectorSovereignDate24 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,... Read More...
May 11, 2020 Dr. Peng Telecom & Media Group: On Ventilator Sector, TMT, Credit, Investment Strategies CHEDRP, Dr. Peng Warut Promboon 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... Read More...
