HALISTER1: Mozambique Says 1.8b Meticais Laundered in Nation Last Year

Mozambique Says 1.8b Meticais Laundered in Nation Last Year

(Bloomberg) -- Money-laundering cases double to 16 from 2015, no one arrested so far, Attorney General Beatriz Buchili tells lawmakers in capital, Maputo.
  • Nation lost 459m meticais through corruption; 20.6m meticais, $240,000, 11 buildings and 8 vehicles recovered
  • Overall, 61,144 crimes committed, against 60,239 in previous year
  • Cases of abduction of businessmen dropped to 14 in 2016 from 44 in 2013
  • 151 people arrested for involvement in trafficking of rhino horns and elephant ivory; 82 of them detained at Limpopo border with South Africa, near South Africa’s Kruger Park

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Morgan Stanley 1Q Investment Banking Rev. Beats Est.

Morgan Stanley 1Q Investment Banking Rev. Beats Est.

(Bloomberg) -- Morgan Stanley 1Q investment banking rev. $1.55b, est. $1.18b (Bloomberg News)
  • 1Q EPS $1.00
  • 1Q net rev. $9.75b, est. $9.29b (range $8.96b-$9.63b)
  • 1Q compensation expenses $4.47b, est. $4.20b
  • 1Q non-compensation expenses $2.47b
  • 1Q return on avg. equity 10.7%
  • 1Q wealth management net rev. $4.06b
  • 1Q wealth management pretax profit $973m
  • 1Q wealth management pretax margin 24%
  • 1Q effective tax rate 29.0%
NOTE:
  • 17 buys, 12 holds, 2 sells before today
  • Call 8:30am (NY time), 877-895-9527 pw 49098183
Statement

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
MS US (Morgan Stanley)

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UUID: 7947283

HALISTER: BlackRock’s Record ETF Flows Propel Profit Above Expectations

BlackRock’s Record ETF Flows Propel Profit Above Expectations

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
BLK US (BlackRock Inc)

People
Donald Trump (United States of America)
Kyle Sanders (Edward D Jones & Co LP)
Laurence Fink (BlackRock Financial Management Inc)

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UUID: 7947283

HALISTER1: How Washington Hard-liners Helped to Create the North Korean Crisis

How Washington Hard-liners Helped to Create the North Korean Crisis

Alert: HALISTER1
Source: WPT (Washington Post)

Tickers
279491Z US (University of Southern California)

People
George Bush (United States of America)
Kim Jong-Il (Democratic People's Republic of Korea)
Kim Jong-Un (Democratic People's Republic of Korea)
William Clinton (Clinton Global Initiative Inc)

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UUID: 7947283

HALISTER1: Fund Sees ‘Very Low’ Recovery for Defaulted Singapore Bonds

Fund Sees ‘Very Low’ Recovery for Defaulted Singapore Bonds

(Bloomberg) -- “For bonds like Perisai, where the assets are overseas, we think the recovery prospects will be less than 5 cents on the dollar,” says Alexander Zeeh, chief executive officer at S.E.A. Asset Management in Singapore.
  • Says S.E.A Asian High Yield Bond Fund “loaded up” on Singapore bonds when Perisai, Swissco defaulted; fund has $21 million of assets, according to Bloomberg-compiled data
  • Says likes Singapore bonds because the market is overlooked by large fund managers and sees value in the bonds
  • “ We recently bought Ezion’s Singapore dollar bonds. The company is not in good shape but they recently had a rights issue, and we are confident that they will be able to repay their short-dated bond”
  • Says fund sold China Hongqiao dollar bonds recently, as co. postponed reporting date and had an issue with auditor
  •  “A lot of Singapore dollar bonds are held by a relatively inexperienced investor base and some restructurings have hit bumps in the road that you would not see anywhere else”
  • “Investors have to go after the private banks that sold them the bonds. For some of the Singapore bondholders, I don’t think they were made aware of risks when buying these bonds”
  • Fund buys bonds with a very short duration, average duration 1-3 years
  • S.E.A. Asian High Yield Bond Fund returned 2.4% this year, according to Bloomberg-compiled data
  • NOTE: Perisai Granted Interim Restraining Order By Kuala Lumpur Court
  • NOTE: Hongqiao Bonds Erase Gains After Weiqiao Textile Auditors Quit

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
SEAHYBA LX (S.E.A. Funds - S.E.A. Asian High Yield Bond Fund)

People
Alexander Zeeh (Sea Asset Management Pte Ltd)

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UUID: 7947283

HALISTER: Akzo Plans Break Up Within Year to Counter Rival PPG’s Bid (1)

Akzo Plans Break Up Within Year to Counter Rival PPG’s Bid (1)

Alert: HALISTER
Source: BN (Bloomberg News)

Tickers
AKZA NA (Akzo Nobel NV)
PPG US (PPG Industries Inc)

People
Antony Burgmans (TNT Express NV)
Michael McGarry (PPG Industries Inc)
Ton Buchner (Akzo Nobel NV)

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UUID: 7947283