HPG - ADD - Market share gains at the expense of ASPs - Update
2:42 PM |
We downgrade HPG to ADD as the stock price has increased 12% since our BUY recommendation on 18 October, leaving an upside of only 12% and our forecast unchanged, given the company’s 9M13 results (+78%...
Fixed Income November 2013 - Demand strong
9:48 AM |
Even though we are still in the middle of November, the government already finished its Q4 bond issuance plan, showing that demand for G-bonds remain. The government decided to adjust plan by 42% and the...
Market Strategy - Consumers staples, tires, oil & gas and some industrials...
2:22 PM |
Continued normalisation of the business environment shows that smaller and highly leveraged companies who used to rely on heavy bank loans to operate are being moved aside, especially the smaller ones...