Securities Research

On the move

David Zhang Partner Kirkland & Ellis

Saturday, 20 August, 2011, 12:00am

Mainland broking profits surge as market booms

Profits reported for last year by the mainland brokerage industry have almost quadrupled from 2006, driven by a surge in new clients and stock trading.

However, analysts said brokerages would struggle to repeat the performance given the slide in the mainland markets this year.

14 Feb 2008 - 12:00am

Corrections & clarifications

An article headlined 'Unicom leads telecoms rally on revamp talk' in yesterday's paper incorrectly cited information from a Goldman Sachs research report. It should have quoted analyst Helen Zhu as saying the telecommunications restructuring on the mainland could take place in the second or third quarter of this year.

25 Jan 2008 - 12:00am

Credit Suisse, Founders forge ties to catch up on mainland listings

Credit Suisse, the second-largest bank in Switzerland, plans to set up a mainland securities brokerage with Founders Group in the hope of catching up with rivals UBS and Goldman Sachs in underwriting domestic initial public share offerings.

11 Jan 2008 - 12:00am

Money spinner

Ping An Securities research director Gao Li (centre), his deputy Yang Gang (right) and other brokerage officials met fund managers and analysts yesterday to promote the firm's research reports on A-share companies. Ping An Securities is the 20th most profitable of the more than 50 mainland brokerages that have reported their first-half earnings.

1 Aug 2007 - 12:00am

Hong Kong analysts get the jump on peers

Hong Kong investors who celebrated this week as the Hang Seng Index broke 20,000 are not the only ones who will look back on 2006 with fond memories. As markets here and in the mainland saw hefty returns, the equity analysts who are paid to research them also posted an impressive year.

31 Dec 2006 - 12:00am

Ratings firm wants a bright senior analyst

A ratings and research firm with a global workforce of more than 1,000 analysts is looking for a bright mind to join its expanding team in Asia.

9 Sep 2006 - 12:00am

SFC lukewarm on report ban

Analysts call for flexibility over international rules on issue of pre-IPO research

Hong Kong may not adopt controversial international rules banning investment banks from issuing research reports before share offerings, according to a consultation paper issued by the Securities and Futures Commission yesterday.

1 Apr 2004 - 12:00am

Survey to examine broker conflicts

Hong Kong's brokerage industry will have to answer searching questions about potential conflicts of interest in its stock research as the Securities and Futures Commission (SFC) moves towards tightening regulations covering analysts.

11 Jan 2003 - 12:00am

Sheepish analysts find freedom from flock

Brace yourselves for a shock. It seems hard times are forcing analysts at Hong Kong investment banks to produce - wait for it - original research! Until recently, we were convinced local brokers' reports were driven by a pack mentality. After all, Hong Kong is a big town for spying on research put out by rival investment banks.

29 Apr 1998 - 12:00am

WI Carr clients in doubt on debt

Banks frantically backtracking from research reports that anger powerful politicians is not a new phenomenon.

This week saw Indosuez W I Carr Securities join the ignoble list of firms to eat humble pie.

Claims that Indonesia's total foreign debt was almost twice central bank estimates were put down to the Jakarta-based analyst exceeding his brief.

2 Jan 1998 - 12:00am

Wing Lee Holdings

Switch and socket maker Wing Lee Holdings is poised to make a successful debut today, despite cautious sentiment, analysts say.

Shares fetched between $1.60 and $1.90 on the grey market yesterday, against an issue price of $1.

10 Apr 1997 - 12:00am

Rules are toothless

TRYING to assess Chinese listed companies according to market techniques used in Hong Kong or Singapore is, more often than not, an exercise in futility.

Chinese investors do not behave the way they do in the mature capitalist markets, listed companies do not obey trading rules, and regulators do not do what they are supposed to do.

13 Sep 1995 - 12:00am

Credit Lyonnais well ahead of the field in China securities research

CREDIT Lyonnais has not only held on to its lead in China securities research, it has added a huge margin to it.

The group is also making inroads on the top rankings in blue chip and smaller company research.

To date, Credit Lyonnais is the only brokerage to make the commitment and invest in a large team covering China securities across the board.

16 May 1994 - 12:00am

Analysts advise caution

INVESTORS should remain on the sidelines this week as the Sino-British political debate heats up ahead of the Legislative Council's viewing of the Governor, Mr Chris Patten's, democratic reform package later this month.

7 Feb 1993 - 12:00am