Asian equities have lagged the global stock market rally since the start of the year, but according to HSBC, Asian stocks could still deliver a 20 percent upside by the end of 2013. Devendra Joshi, equity strategist for Asia Pacific at HSBC said that based on the current consensus estimates of 13 percent earnings growth for Asian stocks this year, …
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Remarkable equity rallies in Japan and China in December have signalled a strong start to 2013. The FT’s Josh Noble talks to Tai Hui, chief strategist Asia for JP Morgan Asset Management about the prospects for Asian markets in the coming year.
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Sullivan & Cromwell has taken the lead counsel role in Chinese asset manager Cinda’s $1.6bn equity sale to four foreign investors, while Paul Weiss and Clifford Chance have assisted in Morgan Stanley Private Equity Asia’s $300m investment in Tianhe Chemicals Group. China Cinda Asset Management, created by the Chinese government in 1999 to handle non-performing loans at the country’s big …
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(Reuters) – News and developments in Asia private equity from Reuters News for the week ending March 16. MARCH 16 PRIVATE EQUITY firm CVC Capital Partners Ltd is pulling out of Australia, Asia-Pacific’s biggest buyouts market, as it faces one of the largest ever losses for a firm in the region and rapidly fading bank support, people familiar with the situation …
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(Reuters) – News and developments in Asia private equity from Reuters News for the week ending March 9. MARCH 9 PRIVATE EQUITY-controlled Link Group, a share-registry company, is looking to raise capital for global expansion through a stake sale, with global buyout funds lining up as bidders, according to sources with knowledge of the matter. CVC CAPITAL Partners Ltd …
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The specialist steelmaker will become the first company of size to list in Hong Kong this year. Chinese steelmaker Xiwang Special Steel has raised HK$1.33 billion ($171 million) from the first initial public offering of size in Hong Kong this year. Investors weren’t exactly rushing into the deal, though, and according to sources the stock was mainly bought by a …
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