Q3 2019 Holding Lijst
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TLG Finance S.À R.L. TLG IMMOBILIEN AG
Not for distribution in the United States of America TLG Finance S.à r.l. (a limited liability company (société à responsabilité limitée) under the laws of the Grand Duchy of Luxembourg) €600,000,000 Undated Subordinated Notes subject to Interest Rate Reset with a First Call Date in 2024 ISIN XS2055106210, Common Code 205510621 and German Securities Code (WKN) A2R77Q Issue Price: 98.835% guaranteed on a subordinated basis by TLG IMMOBILIEN AG (a stock corporation (Aktiengesellschaft) under the laws of the Federal Republic of Germany) TLG Finance S.à r.l., incorporated under the laws of the Grand Duchy of Luxembourg (“Luxembourg”) as a limited liability company (société à responsabilité limitée), (the “Issuer”) will issue, on September 23, 2019 (the “Issue Date”), €600,000,000 in the aggregate principal amount of undated subordinated notes (the “Notes”) subject to an interest rate reset at 5-year intervals commencing on December 23, 2024 (the “First Reset Date”, and a “Reset Date” being the First Reset Date and thereafter each fifth anniversary of the immediately preceding such Reset Date, as specified in the Terms and Conditions, and a “Reset Period” being a period from and including the First Reset Date to but excluding the next following Reset Date and thereafter from and including each Reset Date to but excluding the next following Reset Date). The Notes, which are governed by the laws of the Federal Republic of Germany (“Germany”), will be issued in a denomination of €100,000 each (the “Principal Amount”). The Notes are unconditionally and irrevocably guaranteed by TLG IMMOBILIEN AG, incorporated under the laws of Germany as a stock corporation (Aktiengesellschaft) (the “Guarantor” and, together with all its consolidated subsidiaries, “TLG” or the “Group”) pursuant to a subordinated guarantee (the “Subordinated Guarantee”). -
DXE Liquidity Provider Registered Firms
DXE Liquidity Provider Program Registered Securities European Equities TheCboe following Europe Limited list of symbols specifies which firms are registered to supply liquidity for each symbol in 2021-09-28: 1COVd - Covestro AG Citadel Securities GCS (Ireland) Limited (Program Three) DRW Europe B.V. (Program Three) HRTEU Limited (Program Two) Jane Street Financial Limited (Program Three) Jump Trading Europe B.V. (Program Three) Qube Master Fund Limited (Program One) Societe Generale SA (Program Three) 1U1d - 1&1 AG Citadel Securities GCS (Ireland) Limited (Program Three) HRTEU Limited (Program Two) Jane Street Financial Limited (Program Three) 2GBd - 2G Energy AG Citadel Securities GCS (Ireland) Limited (Program Three) Jane Street Financial Limited (Program Three) 3BALm - WisdomTree EURO STOXX Banks 3x Daily Leveraged HRTEU Limited (Program One) 3DELm - WisdomTree DAX 30 3x Daily Leveraged HRTEU Limited (Program One) 3ITLm - WisdomTree FTSE MIB 3x Daily Leveraged HRTEU Limited (Program One) 3ITSm - WisdomTree FTSE MIB 3x Daily Short HRTEU Limited (Program One) 8TRAd - Traton SE Jane Street Financial Limited (Program Three) 8TRAs - Traton SE Jane Street Financial Limited (Program Three) Cboe Europe Limited is a Recognised Investment Exchange regulated by the Financial Conduct Authority. Cboe Europe Limited is an indirect wholly-owned subsidiary of Cboe Global Markets, Inc. and is a company registered in England and Wales with Company Number 6547680 and registered office at 11 Monument Street, London EC3R 8AF. This document has been established for information purposes only. The data contained herein is believed to be reliable but is not guaranteed. None of the information concerning the services or products described in this document constitutes advice or a recommendation of any product or service. -
Orient Securities Co. (3958.HK)
August 29, 2016 EARNINGS REVIEW Orient Securities Co. (3958.HK) Neutral Equity Research In line with expectations: Sequential recovery led by trading, IB improved What surprised us Investment Profile DFZQ reported 2Q16 NPAT of Rmb860mn, 28%/17% of GSe/Bloomberg Low High consensus for 2016E NPAT. 1H profits are consistent with preliminary Growth Growth disclosure in August. 2Q16 profit declined -78% yoy, but sequentially grew Returns * Returns * 103% qoq, led by trading. ROE/ROA recovered to 10.3%/1.8% annualized in Multiple Multiple Volatility Volatility 2Q. Key positives: 1) IB income up 28% yoy to Rmb290bn, led by growth Percentile 20th 40th 60th 80th 100th in both ECM and DCM underwriting. Coupled with a strong 1Q, first-half IB Orient Securities Co. (3958.HK) income has been the strongest in the past few years. 2) Trading income Asia Pacific Banks Peer Group Average up 90% qoq from a very low base in 1Q16 on recovering investment yield, * Returns = Return on Capital For a complete description of the investment profile measures please refer to the even though still down 85% yoy. Revenue contribution from trading disclosure section of this document. decreased to 27% in 1H16, vs. 65% on average for FY13 to FY15. Principal investment book was flat at Rmb 49bn hoh with equity down to Rmb 6.2bn Key data Current Price (HK$) 8.21 and bond investment up; 3) Stock pledged lending balance rose 20% hoh 12 month price target (HK$) 9.20 Market cap (HK$ mn / US$ mn) 35,153.1 / 4,532.4 to Rmb 29bn despite weaker margin finance as the company shifts its Foreign ownership (%) -- focus to corporate client financing. -
Company Presentation
TABLE OF CONTENTS HIGHLIGHTS FINANCIAL RESULTS OPERATIONS AND PORTFOLIO GUIDANCE APPENDIX 2 HIGHLIGHTS Profitability Highlights: Net rental income +28% at €177.6m. Recurring long-term net rental income at €175.5m Adjusted EBITDA +34% YoY at €179.6m FFO I +29% YoY at €118.1m FFO I per share +12% YoY at €0.105 (representing a yield of 5.7%1)) FFO I after perpetual notes attribution +14% YoY at €0.095 FFO II +72% YoY at €161.1m, as a result of disposals to the amount of over €170m in the first quarter of 2019 Profit for the period +18% YoY at €436.9m and EPS (diluted) +16% YoY at €0.36 EPRA NAV per share +6% growth to €8.2, up from €7.7 since year-end 2018 Financial Profile Highlights: Long average Debt Maturity maintained at 7.5 years Low average Cost of Debt fixed at 1.8% Solid unencumbered assets reached €11bn in value (76% unencumbered ratio), up from €10bn as of year end 2018 Conservative capital structure demonstrated by the low LTV of 37% as of March 2018. Portfolio Highlights: Portfolio size at almost €15bn as of end of March, 2019. Year-to-date signed acquisitions of €1.4bn of high quality assets, primarily office and hotel assets, of which 90% are located in German top tier cities such as Munich, Berlin, Frankfurt, Cologne and Hamburg. Disposal of over €170m in the first 3 months of 2019 at a gain of 34% over total cost High L-F-L rent increase of 4.5%, in-place rent contributing 2.3% while occupancy growth contributing 2.2% 3 1 Based on a share price of €7.38 FINANCIAL RESULTS 4 PROFIT AND LOSS Net rental income, recurring long-term* (in €m) 1-3 / 2019 1-3 / 2018 in € millions REVENUE 207.5 166.3 CAGR +63% RECURRING LONG-TERM NET RENTAL INCOME 175.5 130.5 702 2016-Q1 2019 Annualized 614 Property revaluations and capital gains 239.9 346.6 Share in profit from investment in equity-accounted 91 59.7 415 investees Property operating expenses (53.2) (48.4) 233 EBITDA 479.7 520.1 Finance expenses (33.7) (24.4) 2016 2017 2018 Q1 2019 *excl. -
Retirement Strategy Fund 2060 Description Plan 3S DCP & JRA
Retirement Strategy Fund 2060 June 30, 2020 Note: Numbers may not always add up due to rounding. % Invested For Each Plan Description Plan 3s DCP & JRA ACTIVIA PROPERTIES INC REIT 0.0137% 0.0137% AEON REIT INVESTMENT CORP REIT 0.0195% 0.0195% ALEXANDER + BALDWIN INC REIT 0.0118% 0.0118% ALEXANDRIA REAL ESTATE EQUIT REIT USD.01 0.0585% 0.0585% ALLIANCEBERNSTEIN GOVT STIF SSC FUND 64BA AGIS 587 0.0329% 0.0329% ALLIED PROPERTIES REAL ESTAT REIT 0.0219% 0.0219% AMERICAN CAMPUS COMMUNITIES REIT USD.01 0.0277% 0.0277% AMERICAN HOMES 4 RENT A REIT USD.01 0.0396% 0.0396% AMERICOLD REALTY TRUST REIT USD.01 0.0427% 0.0427% ARMADA HOFFLER PROPERTIES IN REIT USD.01 0.0124% 0.0124% AROUNDTOWN SA COMMON STOCK EUR.01 0.0248% 0.0248% ASSURA PLC REIT GBP.1 0.0319% 0.0319% AUSTRALIAN DOLLAR 0.0061% 0.0061% AZRIELI GROUP LTD COMMON STOCK ILS.1 0.0101% 0.0101% BLUEROCK RESIDENTIAL GROWTH REIT USD.01 0.0102% 0.0102% BOSTON PROPERTIES INC REIT USD.01 0.0580% 0.0580% BRAZILIAN REAL 0.0000% 0.0000% BRIXMOR PROPERTY GROUP INC REIT USD.01 0.0418% 0.0418% CA IMMOBILIEN ANLAGEN AG COMMON STOCK 0.0191% 0.0191% CAMDEN PROPERTY TRUST REIT USD.01 0.0394% 0.0394% CANADIAN DOLLAR 0.0005% 0.0005% CAPITALAND COMMERCIAL TRUST REIT 0.0228% 0.0228% CIFI HOLDINGS GROUP CO LTD COMMON STOCK HKD.1 0.0105% 0.0105% CITY DEVELOPMENTS LTD COMMON STOCK 0.0129% 0.0129% CK ASSET HOLDINGS LTD COMMON STOCK HKD1.0 0.0378% 0.0378% COMFORIA RESIDENTIAL REIT IN REIT 0.0328% 0.0328% COUSINS PROPERTIES INC REIT USD1.0 0.0403% 0.0403% CUBESMART REIT USD.01 0.0359% 0.0359% DAIWA OFFICE INVESTMENT -
Voting Disclosures 2020
2020 Voting Disclosure This disclosure covers all voting decisions of the international business of Federated Hermes, which includes Hermes Investment Management Limited, from 1 January 2020 to 31 December 2020. Our Voting Policy and Guidelines document is available on our website. This disclosure includes information on the meeting ID and date, the region and the company name and International Securities Identification Number (ISIN). Company meetings where we have recommended voting in line with management on all resolutions are condensed. We provide the rationale behind our decision when we have voted against management on one or more resolutions. On occasions when our policy may suggest a vote against management but engagement with the company provided additional insight – for example, a company that has committed to making a change but that will not implement it until the following year – we may vote ‘for, by exception’ to our policy. These instances are highlighted in our voting disclosures and are within the scope of our overall voting policy. This information does not constitute a solicitation or offer to any person to buy or sell any related securities or financial instruments. www.hermes-investment.com For professional investors only 2 2020 Voting Disclosure March 2021 3 Meeting ID ISIN Company Name Investment Country Meeting Meeting Voting Agenda Item Numbers Voting Explanation Vote By Ballot Count Region Date Type Action* Exception 1418394 HK0669013440 Techtronic Industries Asia Hong Kong 15/05/2020 Annual Against 3c Concerns -
FTSE Publications
2 FTSE Russell Publications 01 October 2020 FTSE Value Stocks China A Share Indicative Index Weight Data as at Closing on 30 September 2020 Index weight Index weight Index weight Constituent Country Constituent Country Constituent Country (%) (%) (%) Agricultural Bank of China (A) 4.01 CHINA Fuyao Glass Group Industries (A) 1.43 CHINA Seazen Holdings (A) 0.81 CHINA Aisino Corporation (A) 0.52 CHINA Gemdale (A) 1.37 CHINA Shanghai Fosun Pharmaceutical Group (A) 1.63 CHINA Anhui Conch Cement (A) 3.15 CHINA GoerTek (A) 2.12 CHINA Shenwan Hongyuan Group (A) 1.11 CHINA AVIC Investment Holdings (A) 0.61 CHINA Gree Electric Appliances Inc of Zhuhai (A) 7.48 CHINA Shenzhen Overseas Chinese Town Holdings 0.66 CHINA Bank of China (A) 2.23 CHINA Guangdong Haid Group (A) 1.24 CHINA (A) Bank Of Nanjing (A) 1.32 CHINA Guotai Junan Securities (A) 1.99 CHINA Sichuan Chuantou Energy (A) 0.71 CHINA Bank of Ningbo (A) 2 CHINA Hangzhou Hikvision Digital Technology (A) 3.56 CHINA Tbea (A) 0.86 CHINA Beijing Dabeinong Technology Group (A) 0.56 CHINA Henan Shuanghui Investment & Development 1.49 CHINA Tonghua Dongbao Medicines(A) 0.59 CHINA China Construction Bank (A) 1.83 CHINA (A) Weichai Power (A) 2.09 CHINA China Life Insurance (A) 2.14 CHINA Hengtong Optic-Electric (A) 0.59 CHINA Wuliangye Yibin (A) 9.84 CHINA China Merchants Shekou Industrial Zone 1.03 CHINA Industrial and Commercial Bank of China (A) 3.5 CHINA XCMG Construction Machinery (A) 0.73 CHINA Holdings (A) Inner Mongolia Yili Industrial(A) 6.32 CHINA Xinjiang Goldwind Science&Technology (A) 0.74 -
Lazard Global Investment Funds Plc
Lazard Global Investment Funds plc Für in der Schweiz eingetragene Teilfonds Auszug aus dem Jahresbericht und geprüften Abschluss Für das am 31. März 2020 endende Geschäftsjahr Inhalt Verwaltungsrat und sonstige Informationen .................................................................. 4 Bericht des Verwaltungsrates ........................................................................................ 6 Bericht des Anlageverwalters....................................................................................... 13 Bericht der Verwahrstelle ............................................................................................. 33 Gesamtergebnisrechnung ............................................................................................ 34 Bilanz ............................................................................................................................ 38 Aufstellung der Veränderungen im Nettovermögen der Anteilinhaber von Redeemable Participating Shares ................................................................................ 42 Anmerkungen zum Abschluss ...................................................................................... 46 Vermögensaufstellung der Portfolios ......................................................................... 107 Aufstellung der wesentlichen Anlageveränderungen (ungeprüft) .............................. 159 Offenlegung der Vergütung gemäß OGAW V (ungeprüft) .......................................... 169 Anhang 1: Zusätzliche Informationen für Anleger -
China Vanke Co., Ltd. 2013 First Quarterly Report
China Vanke Co., Ltd. 2013 First Quarterly Report §1 Important Notice 1.1 The Board, the Supervisory Committee, Directors, members of the Supervisory Committee and senior management of the Company warrant that in respect of the information contained in this Quarterly Report, there are no misrepresentations or misleading statements, or material omission, and individually and collectively accept full responsibility for the authenticity, accuracy and completeness of the information contained in this Quarterly Report. 1.2 None of the Directors, members of the Supervisory Committee and senior management fails to assure or disputes with the authenticity, accuracy and completeness of the contents of this Quarterly Report. 1.3 Deputy Chairman Qiao Shibo and Director Wei Bin were not able to attend the board meeting in person due to their business engagements and had authorised Director Chen Ying to represent them and vote on behalf of them. Director Yu Liang was not able to attend the board meeting in person due to personal reasons and had authorised Director Xiao Li to represent him and vote on behalf of him. 1.4 This quarterly financial report of the Company has not been audited. 1.5 The Company’s Chairman Wang Shi, Director and President Yu Liang, and Executive Vice President and Supervisor of Finance Wang Wenjin declare that the financial report contained in this Quarterly Report is warranted to be true and complete. §2 Basic Corporate Information 2.1 Major accounting data and financial guidance (Unit: RMB’000) As at 31 March 2013 As at 31 -
LEAGUE TABLES H1 2018 Preliminary As of 25 June 2018 H1 2018 PRELIMINARY AS of 25 JUNE 2018 MANAGER RANKINGS ASIA PACIFIC CAPITAL MARKETS
ASIA PACIFIC CAPITAL MARKETS LEAGUE TABLES H1 2018 Preliminary As of 25 June 2018 H1 2018 PRELIMINARY AS OF 25 JUNE 2018 MANAGER RANKINGS ASIA PACIFIC CAPITAL MARKETS The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array of deal types including loans, bonds, equity and M&A transactions; according to Bloomberg standards. LEAG<GO> for a full range of league tables MA<GO> for a full range of merger & acquisition tables NI LEAG CRL<GO> or http://www.bloomberg.com/ for a full range of market-specific league table publications Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service. DATA SUBMISSIONS AND QUERIES Contact Phone Email Equities Zhen Hao Toh +65 6499 2931 [email protected] Fixed Income Jennifer Passos +65 6231 9677 [email protected] Loans Colin Tang +65 6499 2949 [email protected] APAC League Xin Yu Chen +65 6212 1123 [email protected] © 2018 Bloomberg Finance L.P. All rights reserved. Bloomberg Preliminary APAC Capital Markets | H1 2018 Asia ex-Japan G3 Currency Bonds: Industry Breakdown Asia Pacific Fixed Income 13% 6% 6% Asia ex-Japan G3 Currency Bonds 7% 55% H1 2018 H1 2017 12% Mkt Volume (USD Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) HSBC 1 7.327 10,159 126 1 9.020 -1.693 Citi 2 5.929 8,219 85 3 6.455 -0.526 Financials 55% Bank of China 3 5.352 7,421 115 4 5.037 0.315 Government 12% Standard Chartered Bank 4 -
Fund Holdings
Wilmington International Fund as of 7/31/2021 (Portfolio composition is subject to change) ISSUER NAME % OF ASSETS ISHARES MSCI CANADA ETF 3.48% TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD 2.61% DREYFUS GOVT CASH MGMT-I 1.83% SAMSUNG ELECTRONICS CO LTD 1.79% SPDR S&P GLOBAL NATURAL RESOURCES ETF 1.67% MSCI INDIA FUTURE SEP21 1.58% TENCENT HOLDINGS LTD 1.39% ASML HOLDING NV 1.29% DSV PANALPINA A/S 0.99% HDFC BANK LTD 0.86% AIA GROUP LTD 0.86% ALIBABA GROUP HOLDING LTD 0.82% TECHTRONIC INDUSTRIES CO LTD 0.79% JAMES HARDIE INDUSTRIES PLC 0.78% DREYFUS GOVT CASH MGMT-I 0.75% INFINEON TECHNOLOGIES AG 0.74% SIKA AG 0.72% NOVO NORDISK A/S 0.71% BHP GROUP LTD 0.69% PARTNERS GROUP HOLDING AG 0.65% NAVER CORP 0.61% HUTCHMED CHINA LTD 0.59% LVMH MOET HENNESSY LOUIS VUITTON SE 0.59% TOYOTA MOTOR CORP 0.59% HEXAGON AB 0.57% SAP SE 0.57% SK MATERIALS CO LTD 0.55% MEDIATEK INC 0.55% ADIDAS AG 0.54% ZALANDO SE 0.54% RIO TINTO LTD 0.52% MERIDA INDUSTRY CO LTD 0.52% HITACHI LTD 0.51% CSL LTD 0.51% SONY GROUP CORP 0.50% ATLAS COPCO AB 0.49% DASSAULT SYSTEMES SE 0.49% OVERSEA-CHINESE BANKING CORP LTD 0.49% KINGSPAN GROUP PLC 0.48% L'OREAL SA 0.48% ASSA ABLOY AB 0.46% JD.COM INC 0.46% RESMED INC 0.44% COLOPLAST A/S 0.44% CRODA INTERNATIONAL PLC 0.41% AUSTRALIA & NEW ZEALAND BANKING GROUP LTD 0.41% STRAUMANN HOLDING AG 0.41% AMBU A/S 0.40% LG CHEM LTD 0.40% LVMH MOET HENNESSY LOUIS VUITTON SE 0.39% SOFTBANK GROUP CORP 0.39% NOVARTIS AG 0.38% HONDA MOTOR CO LTD 0.37% TOMRA SYSTEMS ASA 0.37% IMCD NV 0.37% HONG KONG EXCHANGES & CLEARING LTD 0.36% AGC INC 0.36% ADYEN -
Global Mergers & Acquisitions Review
Global Mergers & Acquisitions Review FIRST HALF 2020 | FINANCIAL ADVISORS Global Mergers & Acquisitions Review First Half 2020 | Financial Advisors Global Deals Intelligence Global Announced M&A $4,500 30,000 WORLDWIDE DEAL MAKING FALLS 41%; LOWEST FIRST HALF SINCE 2013 Worldwide M&A activity totaled US$1.2 trillion during the first half of 2020, a decrease of 41% compared $4,000 to year-ago levels and the slowest opening six-month period for mergers & acquisitions since the first 25,000 half of 2013. The second quarter of 2020 registered a 25% decrease compared to the first quarter of the year and marks the slowest quarter of deal making since the first quarter of 2012. By number of $3,500 worldwide deals, deal making declined 16% compared to year ago levels, a six-year low. $3,000 20,000 CROSS-BORDER M&A DECLINES 15% TO SEVEN-YEAR LOW $2,500 Cross-border M&A activity totaled US$440.7 billion during the first half of 2020, a 15% decrease 15,000 compared to a year ago and the slowest first half for cross-border M&A since 2013. The Industrials, $2,000 Technology and Energy and Power sectors accounted for 37% of cross-border deals during the first half of 2020, down from 40% a year ago. $1,500 10,000 US TARGET M&A DECLINES 69%, LOWEST PERCENTAGE OF TOTAL M&A ON RECORD $1,000 M&A activity for US targets totaled US$354.9 billion during the first half of 2020, a decrease of 69% 5,000 compared to the level of activity seen during the first half of 2019 and the lowest opening six-month $500 period for US deal making since 2012.