CLSA

CLSA

CLSA is a wholly-owned subsidiary of CITIC Securities. CLSA was founded in 1986 by Jim Walker and Gary Coull, two former journalists.

China-focused, global investment bank, CITIC Securities acquired CLSA in July 2013. CLSA is a wholly-owned subsidiary of CITIC Securities, a Chinese securities firm and largest underwriter of Chinese debt and equity.

CITIC Securities was established in October 1995 and headquartered in Shenzhen. The Company offers a range of financial services and products including securities brokerage, investment banking and asset management, to a client base encompassing corporations, financial institutions, governments and individuals.

According to the companies website, CLSA produces approximately 35,000 research reports per year consisting of market, economic, and thematic research reports. The company also claims to have raised $216 billion from more than 330 equity capital market transactions across Asia from 2006 to 2016.

CITIC Securities was No.1 Securities Company in China in terms of Revenue and Net Profit in 2017 according to its 2017 full year financial results announced in March 2018. In 2016 Global Capital magazine voted CLSA the number 1 most independent broker in Asia for the past 25 years

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Swati Verma
July 28, 2020
@bsindia
Edelweiss Securities notes that the stocks primary triggers - deleveraging, asset monetisation and digital momentum - have already played out.
Nikita Vashisht
June 16, 2020
@bsindia
According to Morgan Stanley, multiple triggers - asset sales, pickup in energy cash flows, increased traction in omni-channel retail and rise in telecom ARPU- could further drive the stock
Samie Modak
June 4, 2020
@bsindia
Vodafone Ideas ARPU at Rs 109 is nearly 20 per cent lower than Bharti Airtel. CLSA expects the companys ARPU to grow by 30 per cent by FY22, underpinned by tariff hikes
Bloomberg
May 12, 2020
@bsindia
The $3.7 billion Indian auto firm faces a significant increase in debt due to the crisis, and its plan to deleverage may be delayed by four to six quarters, CLSA said.
Ujjval Jauhari
April 7, 2020
@bsindia
HCQ supplies for Covid-19 treatment to propel US growth, even as domestic pharma and consumer businesses are in a sweet spot
Ram Prasad Sahu
April 7, 2020
@bsindia
The pharma sector, once considered a safe bet, has been trailing the benchmark indices for four years in a row
March 6, 2020
The Economic Times
Technical indicators suggest that there may be support for the index at 10,600-10,900 levels.
January 23, 2020
The Economic Times
Cipla said it has received observations from the USFDA for its Goa manufacturing facility.
Amritha Pillay
January 14, 2020
@bsindia
Read more about RIL may report flat Q3 numbers sequentially; petchem set to remain weak on Business Standard. RIL will announce its results for the quarter ended December 2019 on Friday
December 9, 2019
The Economic Times
CLSA analysts Mahesh Nandurkar and Ashish Agrawal are among those employees who are making the switch.
December 5, 2019
cnbctv18.com
Indian shares are set for a cautious start on Thursday ahead of the Reserve Bank of India's monetary policy decision later in the day. Among brokerages, CLSA is bullish on RIL and Credit Suisse on Bharti Airtel after the companies announced tariff hikes, however, Jefferies has an 'underperform' rating on Vodafone Idea. Here are the top brokerage calls for Thursday:Get latest Business online at cnbctv18.com
November 29, 2019
Moneycontrol
The Ministry of Corporate Affairs found no irregularities in loans extended by Indiabulls Housing Finance to five companies, as alleged by a PIL.
November 14, 2019
The Economic Times
The real pick-up in earnings will happen when we start seeing a solution to the real estate problem.
Puneet Wadhwa
November 13, 2019
@bsindia
Read more about Slowdown: Indian GDP growth may slip further to 5% in FY20, says CLSA on Business Standard. Analysts at CLSA believe India's fiscal deficit may worsen to 4.3% in FY20
SI Reporter
November 5, 2019
@bsindia
Read more about Varun Beverages hits 52-week high as CLSA maintains 'Buy' post Q2 results on Business Standard. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased by 54.2 per cent to Rs 325.66 crore from Rs 211.24 crore reported in the corresponding quarter of the previous fiscal.
Romita Majumdar
October 30, 2019
@bsindia
Read more about Valuation of Jio's digital business expected to improve, say analysts on Business Standard. This is a sequel to Friday's announcement from RIL on a structure to make Jio debt-free. This is seen as a move towards a likely listing of the latter's shares
Jash Kriplani
October 7, 2019
@bsindia
Read more about Nippon India MF looks to regain lost market share after RNam takeover on Business Standard. RNam market share slid from 12% to 8.5% in 4 years; Re-branded fund house looks to regain investor assets in debt-oriented schemes
September 17, 2019
Financial Times
Chinese owner Citic orders review of tenancy with Cathay parent as protest tension persists
June 3, 2019
The Economic Times
If things go in favour of these sectors in the foreseeable future, they can offer high returns.
Julie Zhu
Invalid Date
DealStreetAsia
Slone's departure comes just two weeks after CLSA Chairman Tang Zhenyi left the Asia-focused broker, which was bought by CITIC Securities in 2013.
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