Una's Feed
Jun 25, 2015

Indian banks need a capital flood, not a dribble

(The author is a Reuters Breakingviews columnist. The opinions
expressed are her own.)

By Una Galani

HONG KONG, June 25 (Reuters Breakingviews) – India’s
piecemeal approach to fixing its banking sector is flawed. The
government says it may double the amount it will inject into
state lenders to $3 billion this year, and double it again next
year. Though the increase is welcome, it’s still a fraction of
the $50-odd billion that government-controlled banks may need to
fix their balance sheets and meet new capital requirements.
India needs to be more aggressive.

Jun 24, 2015
via Breakingviews

South Korean M&A quirks hold perils for investors

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

Samsung has cast a spotlight on South Korea’s quirky M&A rulebook. A $9.2 billion merger led by the holding company of the country’s biggest conglomerate helps the ruling Lee family plan its succession at the expense of independent shareholders. For foreign investors, it’s key to understand how the system is stacked in favour of the giant chaebols.

Jun 23, 2015
via Breakingviews

SoftBank’s solar ambitions fly close to the Son

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Masayoshi Son is flying close to the sun with his solar power ambitions. The SoftBank chairman has pledged to invest $20 billion in developing solar energy plants in India in the coming years through a majority-owned joint venture with India’s Bharti Enterprises and Taiwan’s Foxconn. India’s need for energy investment is clear but the synergies with the Japanese group’s existing businesses look dubious.

Jun 11, 2015
via Breakingviews

Hardball Samsung move sets up chaebol reform test

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Samsung’s underhand share dealings will test how much South Korea really wants to rein in its chaebols. Construction firm Samsung C&T has sold a 6 percent stake to a friendly party in an attempt to neutralise opposition to its controversial $10 billion takeover by the South Korean conglomerate’s holding company. The maneouvre helps Samsung’s ruling Lee family plan its succession at the expense of independent shareholders. Official reaction will be a test of South Korea’s reform credentials.

Jun 4, 2015
via Breakingviews

SoftBank’s $1 bln Korean deal needs to travel well

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

SoftBank may need to export its expertise to justify its $1 billion investment in South Korea. The Japanese conglomerate has added a stake in a fast-growing internet retailer to its growing portfolio. It is a big bet for a relatively small market, but Coupang appears to be ahead of global rivals when it comes to shopping on smartphones.

Jun 3, 2015
via Breakingviews

Focus Media sets tone for China’s shifting market

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Focus Media’s homecoming shows how much foreign markets have lost their appeal for Chinese companies. The Shanghai-based display advertising firm is returning to its domestic market through a backdoor listing eight years after it first listed overseas. The acquisition by Jiangsu Hongda New Material values it at $7.4 billion, twice what private equity firms and Focus’s own chairman paid to take it private two years ago. For those with a taste for financial engineering, this is a model that could be copied.

May 19, 2015
via Breakingviews

SoftBank lives up to its name with Indian startup

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Founders don’t always make the best leaders. That is the painful public lesson that SoftBank is learning at Housing.com. The Japanese group is struggling to rein in the 26-year old chief executive of the property listings website it invested in last December. Though SoftBank may value a reputation for being founder-friendly, being seen as a weak investor is worse.

May 19, 2015
via Breakingviews

SoftBank lives up to its name with Indian startup

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

Founders don’t always make the best leaders. That is the painful public lesson that SoftBank is learning at Housing.com. The Japanese group is struggling to rein in the 26-year old chief executive of the property listings website it invested in last December. Though SoftBank may value a reputation for being founder-friendly, being seen as a weak investor is worse.

May 14, 2015
via Breakingviews

India online retail hierarchy looks far from fixed

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The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

India’s e-commerce hierarchy looks far from fixed. The exponential growth of smartphone users is rapidly changing shopping habits in the nation of 1.2 billion people. Investors have poured in hoping to pick the next Amazon or Alibaba. The opportunity is huge but low barriers to entry mean it is easy for wannabes to crash the party.

May 14, 2015
via Breakingviews

India online retail hierarchy looks far from fixed

Photo

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

India’s e-commerce hierarchy looks far from fixed. The exponential growth of smartphone users is rapidly changing shopping habits in the nation of 1.2 billion people. Investors have poured in hoping to pick the next Amazon or Alibaba. The opportunity is huge but low barriers to entry mean it is easy for wannabes to crash the party.

    • About Una

      "Una Galani is Asia Corporate Finance Columnist of Reuters Breakingviews, based in Hong Kong. She spent three years in Dubai covering the region’s economies in the immediate aftermath of the Arab Spring. Previously, Una wrote on capital markets, mergers and acquisitions, and telecoms across Europe from London. She was commended in the category of Young Financial Journalist at the Harold Wincott Awards for 2009 after joining Breakingviews in 2006. Una read English Literature at Oxford. Follow Una on Twitter @ugalani"
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