Reporting Archive

Reporting

Hong Kong to regain top IPO destination crown

Dec 17, 2018
Andrew Holt
Hong Kong to regain top IPO destination crown
Hong Kong is expected to regain its position as the top destination for IPOs with estimated fundraising of around HK$300 bn ($38.4 bn) in 2018, after losing its IPO crown to New York in 2017.   The strong performance this year has been driven by three major deals from the technology, media and telecoms (TMT) sector, which altogether raised HK$135 bn. The influx of ‘new economy’ companies is set to boost the total number of new listings to hit a record 20...
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Reporting

Indian firms must do more on sustainability disclosure

Nov 20, 2018
Garnet Roach
Indian firms must do more on sustainability disclosure
Just half (51 percent) of the 100 largest companies in India provide sustainability reports that contain internationally recognized benchmarks such as Global Reporting Initiative standards, according to the latest India Disclosure Index from FTI Consulting.  The reporting of ESG risks by Indian firms lags significantly behind the wider ASEAN region, adds FTI ...
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Reporting

Non-financial reporting groups begin work on reporting standards alignment

Nov 14, 2018
Ben Ashwell
Non-financial reporting groups begin work on reporting standards alignment
Leading institutions in non-financial reporting – including the Sustainability Accounting Standards Board (SASB), the Climate Disclosure Standards Board (CDSB), FASB and the Global Reporting Initiative (GRI) – have formed a two-year project to drive better alignment between the different frameworks. This new project, which will be led by the IIRC’s Corporate Reporting Dialogue, will identify similarities and differences between a range of different reporting f...
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Reporting

SASB launches new materiality reporting framework

Nov 07, 2018
Ben Ashwell
SASB launches new materiality reporting framework
The Sustainability Accounting Standards Board (SASB) today launched its 77 industry-specific reporting standards for companies to disclose material environmental risks. SASB had previously issued provisional reporting standards that were adopted by a selection of companies – such as GM, Merck, Nike and JetBlue – and praised by investors for their focus on industry-spec...
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Reporting

IR30: The changing emphasis on environmental reports

Nov 01, 2018
Jack Aldane
IR30: The changing emphasis on environmental reports
‘If the capital markets were to exercise preference for companies with superior environmental performance, this would constitute a powerful mechanism for environmental self-regulation in the market.’ Few would disagree with this statement now, just as few would have when it first appeared in IR Magazine in March 2003, citing a booklet entitled Environmental information in the mainstream equity sector. Few would argue, either, that such a...
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Reporting

Statistics in earnings release headlines can boost stocks, study finds

Oct 29, 2018
Ben Ashwell
Statistics in earnings release headlines can boost stocks, study finds
Companies that choose to insert financial figures into the headline of their earnings releases experience a three-day share price bump and then a sharper drop-off, according to recent academic research. The research authors – Xuan Huang, associate professor in the department of finance at California State University Long Beach, Alex Nekrasov, assistant professor of accounting at the University of Illinois at Chicago, and Siew Hong Teoh, dean’s professor at the U...
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Reporting

ASEAN firms need to do more on risk disclosure

Sep 27, 2018
Garnet Roach
ASEAN firms need to do more on risk disclosure
ASEAN companies – those across Singapore, Malaysia, Thailand, Indonesia, the Philippines and Vietnam – are not doing enough when it comes to risk disclosure, according to a review of 180 firms across the region.   The latest ASEAN Disclosure Index from FTI Consulting shows the region is doing well on overall corporate disclosure, with an average score of 7.8 out of 10, and on board quality, with an average score of three out of a possible four. But risk di...
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Reporting

Big in Japan

Aug 20, 2018
Andrew Holt
Big in Japan
Japanese merger and acquisition (M&A) volumes have set new records in the first half of the year as companies continue to seek growth outside their home market. Now, moves to improve corporate governance and focus on capital efficiency are spurring further consolidation in domestic industries, leading to more M&A activity and – vitally – higher valuations. Hiromi Suzuki of Goldman Sachs Research covers Japanese strategy and discusses what this means for ...
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Reporting

Hong Kong exchange sees challenging year ahead

Aug 13, 2018
Andrew Holt
Hong Kong exchange sees challenging year ahead
The Hong Kong stock exchange (HKEX) sees a challenging six months ahead despite reporting record revenues in the first half of the year. The HKEX saw revenues rise 32 percent to HK$8.19 bn ($1.04 bn) for the six months up until the end of June, while profits jumped 44 percent to HK$5.04 bn. A 67 percent increase in daily trading turnover compared with a year ago has also led to more trading and clearing fees. With China Tower’s HK$54.3 bn ($6.9 ...
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