Tag: clsa

Metal and wood – an incompatible pair of elements could lead to restless activity on the trading floor, says CLSA in its tongue-in-cheek Feng Shui Index report. HSH Nordbank will complement its infrastructure finance capabilities with a new dedicated advisory group. The equity brokerage names Tom Daniel as its Asia head of electronic trading, tasked with rolling out CLSA's algo platform across the region. Targeting a combined $5 billion, the two high-profile deals are coming to market at a time when the global equity markets are again starting to look more challenging. Economic globalisation is vulnerable to the tectonic plates of empire, says historian Niall Ferguson at the CLSA conference in Hong Kong. The Philippine infrastructure investment company sells new shares to pay for the acquisition of a stake in Meralco and boosts its free-float to above 20% in the process. Philippine infrastructure investment company Metro Pacific Investments is selling new shares to pay for its Meralco acquisition and to increase its free-float. CLSA and Shanghai Guosheng Group agree to create a joint venture to launch a renminbi-denominated investment fund in China focusing on Shanghai. The education company grabs the last chance to sell new shares as the Indian market falls, but while the deal is well received, the share price drops 8.1% below the placement ... The CLSA chairman will be replaced by CEO Jonathan Slone, who will also retain his current position. Two months of expansion suggest that the worst might be over, at least for China, contributing to a strong day on the Hong Kong markets. Strong 2008 results and a subsequent rally in the company's share price make the timing right for the placement. Mike Mayo issues his first report at CLSA, highlighting legacy balance sheet issues faced by US banks, and suggests 11 banks will continue to underperform. Our annual pub crawl, err box tour, at the Hong Kong Rugby Sevens proved that while there was still plenty of liquor, the banks had cut back on trimmings and give-aways. The hire is part of CLSA's foray into the US, a move the firm says has been accelerated by the talent available due to the financial crisis. Howard Stringer says there is “too much old Sony at Sony” despite the fact that he has been in charge since June 2005. The $410 million transaction is the first example of a foreign investor increasing its stake in an A-share company via a restructuring. CLSA chairman Rob Morrison talks about how running a modern international corporation together with working to tackle a hot, smoky world are not incompatible. The firm has asked roughly 500 employees to take a voluntary pay-cut and expects that at least 75% of those approached will choose to reduce their salaries. David Roche gives his view on what the financial sector will look like after the current credit crisis, which he says was created by excess liquidity and the shift to a "new ...