Update on Estimated Loss of 563 Crore to Mutual Fund for holding RBL Bank shares
Yesterday we has some information in relation to RBL Bank stating that the MD and CEO resigning and share tanking by more than 22% in a single day and RBL doing concall in a hurry claiming its quality credit and growth aspects. Without going into deep analysis of RBL Bank, we will share you Mutual…
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Turkey Currency Implosion a debt bomb of 510 Billion Dollar-Country by Country Update on Debt
Since last many years, we have seen constant depreciation of Lira against dollar. While President is busy in firing all Central Governers and Deputy Governers, Lira is facing drastic plunge against Dollar and Turkeys Stock Market (Borsa Istanbul) saw two times circuit filter in a single day. Since last few months, Lira went to 17…
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Update on Indian Government Debt Position as on 17.12.2021
After having some great volatility in INR against dollar in past few months where Rupee saw levels of more than 76.50 in recent days, people are claiming that its all due to constant selling in stock market. FIIs are withdrawing money from stocks and all other stuff. But is it really due to stock market…
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UPCOMING WRITE OFF OF CHINESE BONDS – WHY YEAR END QUARTER GIVES MORE CLEAR PICTURE THAN ANY OTHER QUARTER OF CALENDER YEAR
Recently we came across news about various institutions writing off Investments in Evergrande Bonds and booking Billion-dollar losses. Similarly, BFAM booking annual loss of $4 Billion on Chinese Real Estate Credit bets. So all in all many entities are in line to Book losses like Ashmore, HSBC, UBS etc. Now let us emphasize why year…
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Ali Baba and its 920 Entities-Financial Comedy in Modern Day Value Investment-Part 1
We all know that lots of quality funds and investors are holding Alibaba in spite of the fact that the share prices have crashed by more than 65% from its $320 in 27.10.2020 to $111.96 (As on 03.12.2021). Being one of the largest owner entity (More than 920 Entities operating in one umbrella), Books of…
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Updates on Chinese Real Estate Developers Debt
While the new Corona variant is posing a threat to the global financial system with panic fall in global market along with fall in commodity prices. But to the contrary, fall in commodity prices should be considered as ease in inflation but the market took the same in opposite direction with blood bath. So can…
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Mocan -Chinese E-Commerce giant Bankruptcy
The Chinese E-commerce giant suddenly declared Bankruptcy in Shenzhen leaving many supplier to flock to the MoCan branch in Shenzhen to demand their dues from the company. However, when they arrived at the office of the company, they discovered that the space was empty. The dues were pending since long time. About MoCan MoCan is…
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Country Garden (Time Bomb bigger than Evergrande)
Day in and day out we are preoccupied with Evergrande Debt saga. Some people claim that the size is biggest in China. But today we will emphasise on Country garden which seems to be far far bigger in size than Evergrande. Just in terms of number of projects Evergrande has 817 projects but Country Garden…
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Local Government Financing Vehicle (LGFV) – How it helped fuel the Chinese housing bubble
In our previous blogs, we have written in detail about China’s real estate mess where we have described that how the crackdown on real estate sector can trigger contagion effect in the economy, its impact and then we further emphasised on Collateral Loan Obligation implosion. But somehow all those blogs are not complete if we…
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Vodafone Idea-Update on Bond yields(Junk Bond) and Liabilities
Before going into depth of Vodafone Idea Debt, let us look at the Bond yields of Vodafone Idea. Out of 7500 crore, Rs 6000 crore is required to be paid by company before 14th February 2022 (Can be claimed as Valentine Stock). The details of Bonds are as under: Vodafone Bond Yeilds ISIN No Maturity…
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SREI-More than 35000 crores exposure for Banks
While Banking Index is making new high but people and Banks are missing some great exposure of SREI group. Lets look at the exposure on combined basis, individual Company basis and detailed individual basis: Combined Exposure of SREI Group S.No Name of Bank Amount in Crores 1 UCO BANK 12,578.00 2 Axis Bank Limited…
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Role of Yuan in Influencing value of Dollar
Overview As on date much has been talked about Evergrande and its contagion effects but how does contagion effect get triggered is the key point. While the whole media claims that “What happens in China remains in China” but the situation as on day is telling us different Scenario. Before going into depth of Contagion…
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Reverse Repo Data
For last two months we have seen huge spike in Reverse Repo Market where in the size of reverse repo is touching trillion dollars and more daily. The charts attached below gives a eagle eye view of what is happening with this liquidity: The excess liquidity which Central Banks have created is now being parked…
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Collateral Loan Obligation in China-Is it similar to Lehman?
CLO-Overview It is a form of securitization where payments from multiple middle sized and large business loans are pooled together and passed on to different classes of owners in various tranches. In short investors will have first claim on cash flows from the underlying loans. Eg: Suppose a Bank has advanced Loan to following persons:…
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Update on China Debt
SAFE Releases China’s External Debt Data at the end of March 2021 Annexed table：China’s Gross External Debt Position by Sector,End of March 2021 End of March 2021 End of March 2021 （Unit:100 million RMB） （Unit:100 million US dollars） General Government 26596 4047 Short-term 957 146 Currency and deposits 0 0 Debt securities…
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Global Update – Part 3
List of bonds held by Blackrock in Chinese Real Estate and Financial Cos. This is a list of bonds having exposure to the Chinese real estate and financial markets. By Nishant Maheshwari, Vishal Vora Disclosure: This is for information only. Should not be considered as an investment advice.
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Global Update – Evergrande (Part 2)
We all know that major world economies are roiling in debt. Recently published figures indicate the global debt has reached 296 trillion dollars in the second quarter of 2021 (IIF Global Debt Monitor Sept 14, 2021). Debt to GDP ratio is now around 350%. What is interesting is that from 2014 to 2020, the Global…
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Global Event Update- Evergrande
The global markets are on a high given the fiscal stimulus and central bank profligacy. Since March 20 fiasco, market is making daily new highs in less than one and a half year without caring about the events looming all around the globe. During this euphoria, certain markets too have entered into bearish zones. But…
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Gamma Squeeze
The concept of short Squeeze is prevalent in market these days but the correct terminology to define this concept is Gamma Squeeze. Before describing the events of Gamma Squeeze, we need to emphasize on the real meaning of Gamma Squeeze. “Gamma Squeeze” as the term suggests is an outcome where investors using many options drive…
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