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프리미아 인사이트
프리미아 인사이트
산업 및 투자업계를 뒤흔드는 동향 & 이슈에 대한 견해

주요 인사이트 & 웨비나

Through the looking glass - the virtual lands of eSports, gaming and live streaming in China
webinarThrough the looking glass - the virtual lands of eSports, gaming and live streaming in China

Some of you or your kids might have just started your animal crossing journey as the newest social activity amid the COVID lockdown. In fact, it was estimated that the global video game market generated over USD 150 billion in revenue by the end of 2019. Within video gaming, eSports, also known as Electronic Sports, which often takes the form of organized, multiplayer video game competitions has evolved over the last decade, into a significant, professional industry already. Global revenue in esports is estimated to be over 1 billion US dollars, and China currently accounts for about 20% of it. In this mini-webinar, we hope to share with you the latest interest findings about the virtual land of video gaming, eSports, and live streaming in China!

May 08, 2020

China A Factor Review: 2020 Q1
insightChina A Factor Review: 2020 Q1

The COVID-19 pandemic has slowed down productivity and daily lives, stagnated the global supply chain, and affected financial market returns across almost all asset classes. In the first quarter of 2020, all markets around the world reported negative returns with varying degrees. While it seems that all is going the same direction, especially in the equities’ world, the fundamental risk factors were not. Among the fundamental factors we employ for China A shares, some has performed better than others amidst the market drawdown.

Apr 28, 2020

Why is China-A New Economy more resilient and captures opportunities better through COVID and beyond?
insightWhy is China-A New Economy more resilient and captures opportunities better through COVID and beyond?

Premia CSI Caixin China New Economy ETF performed well and went up by 3% in a down market. In this article, we would like to share with you the reasons behind the strong performance and the comparison of this strategy with the other mainstream indexes that investors usually track in respect to performance attribution, sector allocation, niche thematic exposure and top drivers.

Apr 24, 2020

#NewInfrastructure
insight#NewInfrastructure

The Chinese government recently launched a stimulus package around the idea of “New Infrastructure” in light of the COVID-19 pandemic. What exactly does this new buzzword #NewInfrastructure entail? And more importantly, where do the investible opportunities lie beyond the tech giants Alibaba and Tencent?

Apr 17, 2020

Gold – Why isn’t it shining in this crisis?
insightGold – Why isn’t it shining in this crisis?

The market performance of gold in the midst of the COVID-19 crisis has left its fans a little puzzled. From a peak of USD 1703 on 9 March, it retreated to USD 1451 on 16 March - a 15% decline. Should one hold gold now, or rather park in cash tools? Our senior advisor Say Boon Lim demystifies in this piece.

Apr 14, 2020

Investment opportunities amidst the COVID-19 Crisis
webinarInvestment opportunities amidst the COVID-19 Crisis

As global asset prices have slumped on the back of the COVID-19 outbreak, concerns have arisen from supply chain disruptions to about global recession and a liquidity crisis. In this webinar, David Lai and Larry Kwok would discuss the lessons learned from the GFC, share our observations of some pandemic-led trends and implications, and suggest a few related investment ideas.

Apr 13, 2020

COVID-19 Fighters: Who are working at full speed to help flatten the curve?
insightCOVID-19 Fighters: Who are working at full speed to help flatten the curve?

The COVID-19 outbreak has led to a worldwide pandemic, a global slowdown, arguably a recession and hopefully not a depression. Business activities globally have been halted due to the outbreak and demand has been shrinking significantly as well. Apart from some of the Asian countries including China, we have yet seen an inflection point of the case curves in most countries. In this article, we’d like to share some notable leading Chinese players in the space that have been working hard to fight against the virus for the domestic and global community.

Apr 03, 2020

Is China the new Noah’s Ark in a pandemic – Growth opportunities from New vs Traditional infrastructure build out
insightIs China the new Noah’s Ark in a pandemic – Growth opportunities from New vs Traditional infrastructure build out

The virous outbreak becomes one of the largest threats to the global economy and financial markets in decades. Will China, the one which has been suffered from the pandemic first, be able to bounce back first and lead the recovery worldwide like the Global Financial Crisis back in 2008? The latest call in new infrastructure investment maybe the key.

Mar 20, 2020

Bear Arrives, recessions next
insightBear Arrives, recessions next

COVID-19 spread accelerating in the US, even as the number of new infections in China eases Impact will be significant on the largely consumer-driven US economy Markets are either in or on the brink of bear territory, and this is an angry bear Recession likely already in progress in Japan; possible recession in Europe; near zero GDP growth likely in the US by 2Q20 Corporate credit protection costs have started rising – more trouble ahead Seek safety in cash and US Treasury-related instruments

Mar 10, 2020

China's Work and Production Resumption
insightChina's Work and Production Resumption

The coronavirus situation in China seems to have improved a lot, and now many are worried about what will happen as the factories get back on their feet. How's the progress so far?

Mar 10, 2020

주간 차트

Asia credits may carry on their outperformance
  • David Lai

    David Lai , CFA

    CFA

With US trade policy still in flux, markets are grappling to assess its immediate impact on credit profiles and spreads. In this context, Asia’s investment-grade (IG) dollar bonds appear well-positioned. Despite many regional economies running substantial current account surpluses with the US, companies issuing in the offshore USD bond market are typically less exposed to this trade dynamic. Analysts suggest the intensifying trade war could see 10-year US Treasury yields fall towards 3.5%, with US credit spreads likely to widen by the end of the year. While this would put pressure on Asian credit spreads, investors need not adopt an overly bearish outlook. The relatively high headline yields provide a useful buffer against mark-to-market volatility. According to HSBC estimates, Asia’s credit market would only face losses if headline yields rise above 6% by year-end, a scenario requiring both wider spreads and a sharp increase in Treasury yields — a combination unlikely unless the US experiences stagflation. If the decline of American exceptionalism persists, it will disproportionately affect US assets. On the other hand, Asia’s credit market benefits from several key advantages: shorter spread duration, robust regional investor demand, and a lower beta issuer profile compared to other emerging markets. These factors suggest that excess returns in Asia’s IG dollar bonds will likely continue to outperform their global peers.

Apr 06, 2025

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