HALISTER: Samsung Rewrites Playbook to Juice S7 Sales Before IPhone (2)

Samsung Rewrites Playbook to Juice S7 Sales Before IPhone (2)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
005930 KS (Samsung Electronics Co Ltd)
AAPL US (Apple Inc)

People
Claire Kim (Daishin Securities Co Ltd)
Doh Hyun-Woo (Mirae Asset Securities Co Ltd)
Injong Rhee (Samsung Electronics Co Ltd)
Lee Jae-Yong (Samsung Life Public Welfare Foundation)
Neil Mawston (Strategy Analytics Inc)

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UUID: 7947283

HALISTER: U.K. Banks Struggle to Lure Talent for Top Jobs as Rules Bite

U.K. Banks Struggle to Lure Talent for Top Jobs as Rules Bite

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BARC LN (Barclays PLC)
HSBA LN (HSBC Holdings PLC)

People
Antony Jenkins (Barclays PLC)
Blythe Masters (Digital Asset Holdings LLC)
C Venkatakrishnan (Bear Stearns & Co Inc)
Douglas Flint (HSBC Holdings PLC)
Hugh Young (Aberdeen Asset Management Asia Ltd)

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UUID: 7947283

HALISTER1: INDIA RATINGS: Cravatex Cut; DCM Shriram, United Spirits Raised

INDIA RATINGS: Cravatex Cut; DCM Shriram, United Spirits Raised

(Bloomberg) -- Here’s a roundup of debt-rating changes of Indian cos. To get this story sent to your inbox real-time, run NI INRATINGS , click on Display & Edit, then Set Alert Delivery. DOWNGRADES
  • Antony Garages
    • LT loan facilities cut to BB- from BB at Crisil
    • Expects group’s liquidity to remain under pressure over the medium term
  • Cravatex
    • Cash credit cut to BB+ from BBB- at ICRA
    • Cites decline in operating profit margins
  • Koshiya Enterprise
    • LT loan facilities cut to D from B+ at Crisil
    • Cites delays in servicing interest payments
  • Shreehari Associates
    • LT loan facilities cut to D from B+ at Crisil
    • Cites delays in servicing interest obligations for term debt
  • Ramnandi Estate
    • LT loan facilities cut to D from B at Crisil
    • Cites delays in repayment of term loan
  • Reliable Infrastructure
    • LT loan facilities cut to D from B- at Crisil
    • Cites weak liquidity due to delays in realization from customers
  • Wasan Hospitality
    • LT bank facilities cut to B+ from BB- at Care
    • Cites delay in execution of project along with cost overrun
UPGRADES
  • Amit Mines
    • LT bank facilities revised to BB+ from BB- at Care
    • Cites improvement in financial performance
  • A to Z Logistics
    • LT loan facilities revised to BB from BB- at Crisil
    • Expects co. to sustain improved business and financial risk profiles over the medium term
  • DCM Shriram
    • LT limits revised to AA- from A+ at ICRA
    • Cites improvement in the business risk profile due to healthy performance of the chloro vinyl division
  • Platinum Textile
    • LT bank facilities revised to BBB+ from BBB at Care
    • Cites infusion of equity in FY15, growth in operations
  • Rugby Renergy
    • LT loan facilities revised to BBB+ from BBB at Crisil
    • Cites improvement in liquidity following the creation of a 6-mo. debt-service reserve account
  • United Spirits
    • Term loans revised to A+ from BBB- at ICRA
    • Cites significant improvement in overall financial flexibility, corporate governance, compliance framework
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
CRAV IN (Cravatex Ltd)
DCMS IN (DCM Shriram Ltd)
UNSP IN (United Spirits Ltd)
0990939D IN (Platinum Textiles Ltd)

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UUID: 7947283

HALISTER1: Buy USD/CNH Via Forward Outright, Option Call Spreads: Redward

Buy USD/CNH Via Forward Outright, Option Call Spreads: Redward

(Bloomberg) -- Recent dissipation of pressure on offshore yuan could be temporary, Peter Redward, principal at Redward Associates, says in an interview.
  • CNH rally since early January has underperformed relative to the yuan CFETS basket partly due to a supply-demand mismatch: Redward
  • With spot USD/CNH above recent lows, CNY-CNH spot spread essentially zero, and forward points compressed, there is value in buying USD/CNH 12-month forward outright, Redward says
  • Target 6.9500, with stop-loss at 6.3650; outright now down 0.09% to 6.6446
  • Buy 12-month at-the-money forward USD/CNH call, while selling a 6.9500 call, for leveraged ratio of around 3.2:1, Redward says
  • 12-month implied volatility at 7.7600% vs 1-year average of 6.0717%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Peter Redward (Redward Associates Ltd)

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UUID: 7947283

HALISTER: Leissner Letter That Led to Goldman Exit Was Written for Jho Low

Leissner Letter That Led to Goldman Exit Was Written for Jho Low

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
GS US (Goldman Sachs Group Inc/The)
0206021D MK (1Malaysia Development Bhd)

People
Tim Leissner (Goldman Sachs Group Inc/The)
Low Taek (Jynwel Capital Ltd)
Michael Bowe (Kasowitz Benson Torres & Friedman LLP)
Michael Duvally (Goldman Sachs Group Inc/The)
Mohd Abdul Razak (Federation of Malaysia)

Topics
Who's News - People
Financial Firm Departures

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UUID: 7947283

HALISTER1: TAIWAN PREVIEW: Price Gains Seen Slowing After February’s Spike

TAIWAN PREVIEW: Price Gains Seen Slowing After February’s Spike

(Bloomberg) -- Taiwan’s CPI seen rising at slower pace for first time in three months in March, according to economists’ forecasts.
  • Consumer prices climbed 1.40% y/y following 2.40% increase in Feb., median est. in Bloomberg survey shows; ests. range from 0.20% to 2.10%; data due at 8:30am local time tomorrow
  • Feb. CPI gained more than 0.80% median est. in survey, data released on March 8 showed; Taiwan dollar fell 0.2% to 33.062 vs its U.S. counterpart on that day
  • Surge in prices in Feb. was fastest pace in three years as seasonal and weather factors impacted, according to statistics bureau, which maintained its 2016 forecast of 0.69% that was set in Feb.
  • Taiwan dollar advanced 3.8% in March, its biggest monthly gain since Feb. 2008; island’s currency now down 0.3% to 32.477 per U.S. dollar
  • Taiwan’s central bank cut its policy rate for third straight meeting last month, lowering rate by 12.5 bps to 1.50%
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283