Macro: String of debt defaults to increase financial strain
- S&P opined that several sectors in the $60b domestic bond market are vulnerable to increasing financial strain
- Singled out three main sectors: 1. Oil services, 2. agriculture & commodities, 3. real estate
- Shipping counters are also coming under pressure and we feel that Hanjin's high profile bankruptcy will have dire ramifications on sector plays.
- Counters to take note of:1. Rickmers Maritime2. Marco Polo 3. Ezra4. Samudera Shipping
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