Emerging Markets

Consolidation looms for China’s consumer staples sector

Inflation is expected to become a factor next year, which would raise bottom-line costs and put the profitability of smaller firms under pressure, says CLSA’s consumer staples analyst Heather Hsu. She believes companies with a more diversified product base are in line to benefit.

  • 12 Nov 2009
When she won this award in 2008, Heather Hsu predicted that China’s consumer staples sector was too fragmented and ripe for consolidation. The past year has begun to bear out her views. Tough market conditions led smaller operators in the world’s most populous nation to struggle, while the ongoing ...

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Bookrunners of International Emerging Market DCM

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 08 Feb 2016
1 JPMorgan 3,159.57 10 5.08%
2 Bank of America Merrill Lynch 3,070.97 10 4.94%
3 HSBC 2,699.51 19 4.34%
4 Citi 2,488.13 11 4.00%
5 Santander 1,898.63 3 3.05%

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 02 Feb 2016
1 JPMorgan 1,996.18 2 10.15%
2 Bank of America Merrill Lynch 1,898.63 3 9.65%
2 Santander 1,898.63 3 9.65%
4 Citi 1,397.59 3 7.10%
5 BBVA 1,248.61 1 6.35%

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  • Today
1 HSBC 582.24 5 13.59%
2 Citi 532.50 3 12.43%
3 Barclays 464.71 3 10.85%
4 ING 462.10 2 10.79%
5 UniCredit 379.12 1 8.85%

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Rank Lead Manager Amount $m No of issues Share %
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1 Goldman Sachs 78.27 10 13.01%
2 Morgan Stanley 60.60 13 10.07%
3 Perella Weinberg Partners LP 48.25 3 8.02%
4 JPMorgan 48.18 10 8.01%
5 Evercore Partners Inc 36.27 8 6.03%

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  • Today
1 ING 2,909.42 23 12.03%
2 SG Corporate & Investment Banking 2,424.24 18 10.03%
3 UniCredit 2,132.63 19 8.82%
4 Mitsubishi UFJ Financial Group 1,330.27 8 5.50%
5 Bank of America Merrill Lynch 1,132.89 9 4.69%

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Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 03 Feb 2016
1 AXIS Bank 404.90 4 34.78%
2 JPMorgan 179.19 2 15.39%
3 Standard Chartered Bank 165.98 1 14.26%
3 Citi 165.98 1 14.26%
5 Trust Investment Advisors 131.43 8 11.29%