Our free newsletter is published once a month and aims to give you a flavour of the research topics we have been working on. If you want to see what’s coming your way, check out our video channel but don’t forget to sign-up first.
|CIMIC Group: Engineering profits||30 Apr 2019|
|CELLTRION: Billion dollar write-down||9 May 2018|
|Asia’s most manipulated market is…||8 Feb 2018|
|SINOPHARM: Not what it seems||27 Sep 2017|
|Hong Kong needs short-sellers||14 Aug 2017|
|CHINA GREENLAND (1253 HK): How Bizarre, how bizarre...||24 May 2017|
|ZTO EXPRESS: Downgrade risks rise||29 Mar 2017|
|CHINA EVERGRANDE: Are its auditors asleep?||17 Jan 2017|
|Aircraft leasing||07 Dec 2016|
|All roads lead to China||26 Oct 2016|
|Related Party Transactions||13 May 2016|
|China: If you think things are bad now...||11 Mar 2016|
|Corporate Leverage||10 Sep 2015|
|Noble Group: What new disclosure?||08 May 2015|
|Noble Group's Financial Alchemy||08 Apr 2015|
|Japan's Reluctant Consumer||13 Feb 2015|
|China's last hurrah||08 Jan 2015|
What we do
We are an accounting research firm focused on Asia and regulated by Hong Kong’s Securities and Futures Commission. Our primary goal is to use financial statements to judge whether a company is over-or-understating its profits through the exploitation of accounting standards. We publish around twenty in-depth reports each year across three product lines:
- Thematic accounting makes up 75% of our output. We pick a particular accounting or corporate governance issue, explain it and then highlight companies with potential problems.
- We write two-to-four in-depth company-specific reports each year. Within these accounting exposés, we highlight companies with particularly egregious accounting.
- We write two micro-strategy reports each year. We have developed a methodology to analyse the financial statements of 36,000 listed companies across 30 markets globally. This enables us to assess where the corporate sector lies within the economic business cycle and helps tell us where we should look for our longs and our shorts.
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