www.mufgresearch.com Open in urlscan Pro
52.142.86.92  Public Scan

Submitted URL: http://www.mufgresearch.com/
Effective URL: https://www.mufgresearch.com/MUFGHome.aspx
Submission: On September 21 via manual from GB — Scanned from GB

Form analysis 1 forms found in the DOM

POST ./MUFGHome.aspx

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            <td class="banner-bg">
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              <div class="banner-title">MUFG Research Publications</div>
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                          <a class="dxeHyperlink" id="MainContent_ASPxHyperLink1" href="MUFGEconomicHome.aspx" style="color:Black;font-size:20px;" savedtabindex="[object Object]" tabindex="-1">Macro, FX, Fixed Income Publications</a>
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                        <td style="width: 50%; background-color: red; text-align:center">
                          <a class="dxeHyperlink" id="MainContent_ASPxHyperLinkEquityRedirect" href="javascript:popupRedirectToMUMSS.Show();" style="color:White;font-size:20px;" savedtabindex="[object Object]" tabindex="-1">Equity Research</a>
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                        <td style="background-color: red">
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            <p><span class="dxeBase" id="MainContent_ASPxPopupRedirectToMUMSS_RedirectText">MUMSS Equity Research is now delivered via the MUMSS online portal. Please click
                <a href="https://www.er.sc.mufg.jp/" savedtabindex="[object Object]" tabindex="-1">here</a> to view. A login is required. Please contact your MUFG salesperson for assistance if needed.</span></p>
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          <td class="dx" style="padding-left:0px;"><span id="MainContent_ASPxPopupRedirectToMUMSS_TL">Loading…</span></td>
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    </table>
    <div id="MainContent_ASPxPopupRedirectToMUMSS_LD" class="dxpcLoadingDiv dxlpLoadingDiv dx-ft" style="left:0px;top:0px;z-index:29999;display:none;position:absolute;">
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    <div class="row hidden-desktop hidden-tablet">
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        <br>
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            <tr>
              <td style="vertical-align: top">
                <img class="dxeImage" id="ASPxImage11" src="img/list-r.png" alt="">
                <a class="dxeHyperlink" id="ASPxHyperLink12" href="mailto:mufgresearch@int.sc.mufg.jp" style="color:Gray;font-size:Small;" savedtabindex="[object Object]" tabindex="-1">Email us</a>
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              <td style="vertical-align: bottom; text-align: right">A member of MUFG, a global financial group </td>
            </tr>
            <tr>
              <td style="vertical-align: top">
                <img class="dxeImage" id="ASPxImage1" src="img/list-r.png" alt="">
                <a class="dxeHyperlink" id="ASPxHyperLinkDisc" href="MUFGSecDisclaimers.aspx" style="color:Gray;font-size:Small;" savedtabindex="[object Object]" tabindex="-1">Disclaimers</a>
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                <a class="dxeHyperlink" id="HeadLoginView_ASPxHyperLinkLogin" href="MUFGLogin.aspx" style="color:Gray;font-size:Small;" savedtabindex="[object Object]" tabindex="-1">Log In</a>
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        <br>
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          <div class="navbar-inner" style="min-height: 2px; background-color: grey">
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              <td style="width: 171.75px;">
                <a class="dxeHyperlink" id="ASPxHyperLink3" href="https://www.mufgemea.com/careers/" style="color:Gray;font-size:Smaller;" savedtabindex="[object Object]" tabindex="-1">Careers</a>
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              <td style="width: 127.75px;">
                <a class="dxeHyperlink" id="ASPxHyperLink4" href="https://www.mufgemea.com/case-studies/" style="color:Gray;font-size:Smaller;" savedtabindex="[object Object]" tabindex="-1">Case studies</a>
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                <a class="dxeHyperlink" id="ASPxHyperLink5" href="https://www.mufgemea.com/inclusion/" style="color:Gray;font-size:Smaller;" savedtabindex="[object Object]" tabindex="-1">Inclusion and Diversity</a>
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                      <!--
                      ASPx.createControl(ASPxClientTextBox, 'ChangePasswordPopup_PasswordChangePopup_Newpassword1', '', {
                        'uniqueID': 'ctl00$ChangePasswordPopup$PasswordChangePopup$Newpassword1',
                        'scStates': 6,
                        'scPostfix': ''
                      }, null, null, {
                        'decorationStyles': [{
                          'key': 'F',
                          'className': 'dxeFocused',
                          'cssText': ''
                        }]
                      });
                      //
                      -->
                    </script>
                  </td>
                </tr>
                <tr>
                  <td>Confirm: </td>
                  <td colspan="2">
                    <table class="dxeTextBoxSys dxeTextBox dxeTextBoxDefaultWidthSys" cellspacing="0" cellpadding="0" id="ChangePasswordPopup_PasswordChangePopup_NewPassword2" style="width:100%;border-collapse:collapse;">
                      <tbody>
                        <tr>
                          <td class="dxic" style="width:100%;"><input class="dxeEditArea dxeEditAreaSys" id="ChangePasswordPopup_PasswordChangePopup_NewPassword2_I" name="ctl00$ChangePasswordPopup$PasswordChangePopup$NewPassword2"
                              onfocus="ASPx.EGotFocus('ChangePasswordPopup_PasswordChangePopup_NewPassword2')" onblur="ASPx.ELostFocus('ChangePasswordPopup_PasswordChangePopup_NewPassword2')" type="password" autocomplete="off"
                              savedtabindex="[object Object]" tabindex="-1"></td>
                        </tr>
                      </tbody>
                    </table>
                    <script id="dxss_923429042" type="text/javascript" data-executed="true">
                      <!--
                      ASPx.createControl(ASPxClientTextBox, 'ChangePasswordPopup_PasswordChangePopup_NewPassword2', '', {
                        'uniqueID': 'ctl00$ChangePasswordPopup$PasswordChangePopup$NewPassword2',
                        'scStates': 6,
                        'scPostfix': ''
                      }, null, null, {
                        'decorationStyles': [{
                          'key': 'F',
                          'className': 'dxeFocused',
                          'cssText': ''
                        }]
                      });
                      //
                      -->
                    </script>
                  </td>
                </tr>
                <tr>
                  <td></td>
                  <td>
                    <div class="dxbButton dxbButtonSys dxbTSys" id="ChangePasswordPopup_PasswordChangePopup_BtnPasswordSubmit" style="-webkit-user-select:none;">
                      <div class="dxb" id="ChangePasswordPopup_PasswordChangePopup_BtnPasswordSubmit_CD">
                        <div class="dxb-hbc">
                          <input id="ChangePasswordPopup_PasswordChangePopup_BtnPasswordSubmit_I" class="dxb-hb" value="Change" type="submit" name="ctl00$ChangePasswordPopup$PasswordChangePopup$BtnPasswordSubmit" readonly="readonly"
                            savedtabindex="[object Object]" tabindex="-1">
                        </div><img class="dxIcon_actions_apply_16x16 dx-vam" src="/DXR.axd?r=1_112-ZoBxj" alt="" style="margin-right:4px;" id="ChangePasswordPopup_PasswordChangePopup_BtnPasswordSubmitImg"><span class="dx-vam">Change</span>
                      </div>
                    </div>
                    <script id="dxss_1013037175" type="text/javascript" data-executed="true">
                      <!--
                      ASPx.AddHoverItems('ChangePasswordPopup_PasswordChangePopup_BtnPasswordSubmit', [
                        [
                          ['dxbButtonHover'],
                          [''],
                          [''],
                          ['', 'TC']
                        ]
                      ]);
                      ASPx.AddPressedItems('ChangePasswordPopup_PasswordChangePopup_BtnPasswordSubmit', [
                        [
                          ['dxbButtonPressed'],
                          [''],
                          [''],
                          ['', 'TC']
                        ]
                      ]);
                      ASPx.AddDisabledItems('ChangePasswordPopup_PasswordChangePopup_BtnPasswordSubmit', [
                        [
                          ['dxbDisabled'],
                          [''],
                          [''],
                          ['', 'TC'],
                          [
                            [{
                              'spriteCssClass': 'dxIcon_actions_apply_16x16_disabled'
                            }]
                          ],
                          ['Img']
                        ]
                      ]);
                      ASPx.AddSelectedItems('ChangePasswordPopup_PasswordChangePopup_BtnPasswordSubmit', [
                        [
                          ['dxbf'],
                          [''],
                          ['CD']
                        ]
                      ]);
                      ASPx.createControl(ASPxClientButton, 'ChangePasswordPopup_PasswordChangePopup_BtnPasswordSubmit', 'btnSubmit', {
                        'uniqueID': 'ctl00$ChangePasswordPopup$PasswordChangePopup$BtnPasswordSubmit'
                      }, {
                        'Click': function(s, e) {
                          OnChangePasswordClick();
                        }
                      });
                      //
                      -->
                    </script>
                  </td>
                  <td>
                    <div class="dxbButton dxbButtonSys dxbTSys" id="ChangePasswordPopup_PasswordChangePopup_ASPxButtonCancel" style="-webkit-user-select:none;">
                      <div class="dxb" id="ChangePasswordPopup_PasswordChangePopup_ASPxButtonCancel_CD">
                        <div class="dxb-hbc">
                          <input id="ChangePasswordPopup_PasswordChangePopup_ASPxButtonCancel_I" class="dxb-hb" value="Cancel" type="submit" name="ctl00$ChangePasswordPopup$PasswordChangePopup$ASPxButtonCancel" readonly="readonly"
                            savedtabindex="[object Object]" tabindex="-1">
                        </div><img class="dxIcon_edit_delete_16x16 dx-vam" src="/DXR.axd?r=1_112-ZoBxj" alt="" style="margin-right:4px;" id="ChangePasswordPopup_PasswordChangePopup_ASPxButtonCancelImg"><span class="dx-vam">Cancel</span>
                      </div>
                    </div>
                    <script id="dxss_1915463686" type="text/javascript" data-executed="true">
                      <!--
                      ASPx.AddHoverItems('ChangePasswordPopup_PasswordChangePopup_ASPxButtonCancel', [
                        [
                          ['dxbButtonHover'],
                          [''],
                          [''],
                          ['', 'TC']
                        ]
                      ]);
                      ASPx.AddPressedItems('ChangePasswordPopup_PasswordChangePopup_ASPxButtonCancel', [
                        [
                          ['dxbButtonPressed'],
                          [''],
                          [''],
                          ['', 'TC']
                        ]
                      ]);
                      ASPx.AddDisabledItems('ChangePasswordPopup_PasswordChangePopup_ASPxButtonCancel', [
                        [
                          ['dxbDisabled'],
                          [''],
                          [''],
                          ['', 'TC'],
                          [
                            [{
                              'spriteCssClass': 'dxIcon_edit_delete_16x16_disabled'
                            }]
                          ],
                          ['Img']
                        ]
                      ]);
                      ASPx.AddSelectedItems('ChangePasswordPopup_PasswordChangePopup_ASPxButtonCancel', [
                        [
                          ['dxbf'],
                          [''],
                          ['CD']
                        ]
                      ]);
                      ASPx.createControl(ASPxClientButton, 'ChangePasswordPopup_PasswordChangePopup_ASPxButtonCancel', 'btnCancel', {
                        'uniqueID': 'ctl00$ChangePasswordPopup$PasswordChangePopup$ASPxButtonCancel',
                        'causesValidation': false
                      }, {
                        'Click': function(s, e) {
                          OnCancelButtonClick();
                        }
                      });
                      //
                      -->
                    </script>
                  </td>
                </tr>
              </tbody>
            </table>
          </div>
          <div id="ChangePasswordPopup_PasswordChangePopup_Panel1">
            <p>
              <span class="dxeBase" id="ChangePasswordPopup_PasswordChangePopup_result"></span>
            </p>
          </div>
        </div>
      </div>
    </div>
    <div id="ChangePasswordPopup_PasswordChangePopup_DXPWMB-1" class="dxpcModalBackLite" style="z-index:9999;">
    </div>
    <table id="ChangePasswordPopup_PasswordChangePopup_LP" class="dxpcLoadingPanel dxlpLoadingPanel" cellspacing="0" cellpadding="0" style="border-collapse:collapse;left:0px;top:0px;z-index:30000;display:none;">
      <tbody>
        <tr>
          <td class="dx" style="padding-right:0px;"><img class="dxlp-loadingImage dxlp-imgPosLeft" src="/DXR.axd?r=1_112-ZoBxj" alt="" align="middle"></td>
          <td class="dx" style="padding-left:0px;"><span id="ChangePasswordPopup_PasswordChangePopup_TL">Loading…</span></td>
        </tr>
      </tbody>
    </table>
    <div id="ChangePasswordPopup_PasswordChangePopup_LD" class="dxpcLoadingDiv dxlpLoadingDiv dx-ft" style="left:0px;top:0px;z-index:29999;display:none;position:absolute;">
    </div>
    <script id="dxss_155727725" type="text/javascript" data-executed="true">
      <!--
      ASPx.createControl(ASPxClientPopupControl, 'ChangePasswordPopup_PasswordChangePopup', 'popup', {
        'callBack': function(arg) {
          WebForm_DoCallback('ctl00$ChangePasswordPopup$PasswordChangePopup', arg, ASPx.Callback, 'ChangePasswordPopup_PasswordChangePopup', ASPx.CallbackError, true);
        },
        'uniqueID': 'ctl00$ChangePasswordPopup$PasswordChangePopup',
        'enableAnimation': false,
        'closeAction': 'None',
        'popupHorizontalOffset': 300,
        'popupVerticalOffset': 300,
        'isPopupPositionCorrectionOn': false,
        'allowDragging': true,
        'modal': true,
        'width': 450,
        'widthFromServer': true
      });
      //
      -->
    </script>
  </div>
  <script id="dxss_1616802672" type="text/javascript" data-executed="true">
    <!--
    ASPx.createControl(ASPxClientCallback, 'ASPxCallbackReadTerms', 'callbackRecordReadTerms', {
      'callBack': function(arg) {
        WebForm_DoCallback('ctl00$ASPxCallbackReadTerms', arg, ASPx.Callback, 'ASPxCallbackReadTerms', ASPx.CallbackError, true);
      },
      'uniqueID': 'ctl00$ASPxCallbackReadTerms'
    });
    //
    -->
  </script>
  <script id="dxss_2138400546" type="text/javascript" data-executed="true">
    <!--
    ASPx.createControl(ASPxClientCallback, 'ASPxCallbackRequestNewPassword', 'callbackGetNewPassword', {
      'callBack': function(arg) {
        WebForm_DoCallback('ctl00$ASPxCallbackRequestNewPassword', arg, ASPx.Callback, 'ASPxCallbackRequestNewPassword', ASPx.CallbackError, true);
      },
      'uniqueID': 'ctl00$ASPxCallbackRequestNewPassword'
    }, {
      'CallbackComplete': function(s, e) {
        chgPasswordLink.SetVisible(false);
        pwdResetNote.SetVisible(true);
      }
    });
    //
    -->
  </script>
  <div id="ASPxPopupTermsOfUse_PW-1" class="dxpcLite dxpclW dxpc-mainDiv dxpc-shadow" style="height: 198px; width: 398px; z-index: 12000; visibility: visible; display: table; position: absolute; left: 601px; top: 350px;">
    <div class="dxpc-contentWrapper" style="display: table; height: 198px;">
      <div class="dxpc-content" id="ASPxPopupTermsOfUse_PWC-1" style="display: table-cell;">
        <div style="align-content: center; text-align: center">
          <p>I confirm that I am not categorised as a “Retail Client” - as defined in the Rules of the Financial Conduct Authority of the United Kingdom (“UK”) as set out in the FCA Handbook and as amended from time to time (the “FCA Rules”) or the
            Conduct of Business Rules of the Dubai Financial Services Authority (“DFSA Rules”) - who requires a higher level of regulatory protection than professional customer /investors and eligible/Market counterparties.</p>
          <p><b>WARNING</b></p>
          <p>MUFG Securities EMEA plc (“MUS(EMEA)”) is not authorised and does not conduct designated investment business in the UK with retail clients and accordingly the services and products mentioned or referred to in the material on this website
            are not available to such persons via MUS(EMEA). The information, data and content contained in the materials on this website is provided for use by professional investors or eligible/Market counterparties only and it should not be viewed
            as a 'personal recommendation' within the meaning of the FCA and DFSA Rules.</p>
          <p>This website should in no circumstance be regarded as an offer or solicitation to conduct designated investment business, as defined under the FCA Rules in any jurisdiction other than the UK.. All research produced by MENA research team
            is non-independent research and is not a marketing communication as defined by the DFSA Rules. Unless otherwise stated, all views are solely those of MUFG Bank, Ltd., its subsidiaries and affiliates each of whom are under no obligation
            whatsoever to update this report. MUFG Bank, Ltd., its subsidiaries and affiliates accept no liability whatsoever for any loss or damage of any kind arising out of the use of all or any part of this report.</p>
          <table style="margin-top: 30px">
            <tbody>
              <tr>
                <td style="width: 120px"></td>
                <td>
                  <div class="dxbButton dxbButtonSys dxbTSys" id="ASPxPopupTermsOfUse_ctl10" style="-webkit-user-select:none;">
                    <div class="dxb" id="ASPxPopupTermsOfUse_ctl10_CD">
                      <div class="dxb-hbc">
                        <input id="ASPxPopupTermsOfUse_ctl10_I" class="dxb-hb" value="Continue" type="submit" name="ctl00$ASPxPopupTermsOfUse$ctl10" readonly="readonly">
                      </div><span class="dx-vam">Continue</span>
                    </div>
                  </div>
                  <script id="dxss_1679803492" type="text/javascript" data-executed="true">
                    <!--
                    ASPx.AddHoverItems('ASPxPopupTermsOfUse_ctl10', [
                      [
                        ['dxbButtonHover'],
                        [''],
                        [''],
                        ['', 'TC']
                      ]
                    ]);
                    ASPx.AddPressedItems('ASPxPopupTermsOfUse_ctl10', [
                      [
                        ['dxbButtonPressed'],
                        [''],
                        [''],
                        ['', 'TC']
                      ]
                    ]);
                    ASPx.AddDisabledItems('ASPxPopupTermsOfUse_ctl10', [
                      [
                        ['dxbDisabled'],
                        [''],
                        [''],
                        ['', 'TC']
                      ]
                    ]);
                    ASPx.AddSelectedItems('ASPxPopupTermsOfUse_ctl10', [
                      [
                        ['dxbf'],
                        [''],
                        ['CD']
                      ]
                    ]);
                    ASPx.createControl(ASPxClientButton, 'ASPxPopupTermsOfUse_ctl10', '', {
                      'uniqueID': 'ctl00$ASPxPopupTermsOfUse$ctl10'
                    }, {
                      'Click': function(s, e) {
                        callbackRecordReadTerms.PerformCallback();
                        popTermsOfUse.Hide();
                      }
                    });
                    //
                    -->
                  </script>
                </td>
                <td style="width: 10px"></td>
                <td>
                  <div class="dxbButton dxbButtonSys dxbTSys" id="ASPxPopupTermsOfUse_ctl11" style="-webkit-user-select:none;">
                    <div class="dxb" id="ASPxPopupTermsOfUse_ctl11_CD">
                      <div class="dxb-hbc">
                        <input id="ASPxPopupTermsOfUse_ctl11_I" class="dxb-hb" value="Exit" type="submit" name="ctl00$ASPxPopupTermsOfUse$ctl11" readonly="readonly">
                      </div><span class="dx-vam">Exit</span>
                    </div>
                  </div>
                  <script id="dxss_514309191" type="text/javascript" data-executed="true">
                    <!--
                    ASPx.AddHoverItems('ASPxPopupTermsOfUse_ctl11', [
                      [
                        ['dxbButtonHover'],
                        [''],
                        [''],
                        ['', 'TC']
                      ]
                    ]);
                    ASPx.AddPressedItems('ASPxPopupTermsOfUse_ctl11', [
                      [
                        ['dxbButtonPressed'],
                        [''],
                        [''],
                        ['', 'TC']
                      ]
                    ]);
                    ASPx.AddDisabledItems('ASPxPopupTermsOfUse_ctl11', [
                      [
                        ['dxbDisabled'],
                        [''],
                        [''],
                        ['', 'TC']
                      ]
                    ]);
                    ASPx.AddSelectedItems('ASPxPopupTermsOfUse_ctl11', [
                      [
                        ['dxbf'],
                        [''],
                        ['CD']
                      ]
                    ]);
                    ASPx.createControl(ASPxClientButton, 'ASPxPopupTermsOfUse_ctl11', '', {
                      'uniqueID': 'ctl00$ASPxPopupTermsOfUse$ctl11'
                    }, {
                      'Click': function(s, e) {
                        window.location.replace('http://www.mufgsecurities.com/');
                      }
                    });
                    //
                    -->
                  </script>
                </td>
              </tr>
            </tbody>
          </table>
        </div>
      </div>
    </div>
  </div>
  <div id="ASPxPopupTermsOfUse_DXPWMB-1" class="dxpcModalBackLite" style="z-index: 11999; inset: 0px; visibility: visible;">
  </div>
  <table id="ASPxPopupTermsOfUse_LP" class="dxpcLoadingPanel dxlpLoadingPanel" cellspacing="0" cellpadding="0" style="border-collapse:collapse;left:0px;top:0px;z-index:30000;display:none;">
    <tbody>
      <tr>
        <td class="dx" style="padding-right:0px;"><img class="dxlp-loadingImage dxlp-imgPosLeft" src="/DXR.axd?r=1_112-ZoBxj" alt="" align="middle"></td>
        <td class="dx" style="padding-left:0px;"><span id="ASPxPopupTermsOfUse_TL">Loading…</span></td>
      </tr>
    </tbody>
  </table>
  <div id="ASPxPopupTermsOfUse_LD" class="dxpcLoadingDiv dxlpLoadingDiv dx-ft" style="left:0px;top:0px;z-index:29999;display:none;position:absolute;">
  </div>
  <script id="dxss_2121357949" type="text/javascript" data-executed="true">
    <!--
    ASPx.AddHoverItems('ASPxPopupTermsOfUse', [
      [
        ['dxpc-closeBtnHover'],
        [''],
        ['HCB-1']
      ]
    ]);
    ASPx.createControl(ASPxClientPopupControl, 'ASPxPopupTermsOfUse', 'popTermsOfUse', {
      'callBack': function(arg) {
        WebForm_DoCallback('ctl00$ASPxPopupTermsOfUse', arg, ASPx.Callback, 'ASPxPopupTermsOfUse', ASPx.CallbackError, true);
      },
      'uniqueID': 'ctl00$ASPxPopupTermsOfUse',
      'enableAnimation': false,
      'closeAction': 'CloseButton',
      'closeOnEscape': true,
      'popupHorizontalAlign': 'WindowCenter',
      'popupVerticalAlign': 'WindowCenter',
      'isPopupPositionCorrectionOn': false,
      'modal': true,
      'width': 400,
      'widthFromServer': true,
      'height': 200,
      'showOnPageLoad': true
    });
    //
    -->
  </script>
  <script type="text/javascript">
    //<![CDATA[
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I confirm that I am not categorised as a “Retail Client” - as defined in the
Rules of the Financial Conduct Authority of the United Kingdom (“UK”) as set out
in the FCA Handbook and as amended from time to time (the “FCA Rules”) or the
Conduct of Business Rules of the Dubai Financial Services Authority (“DFSA
Rules”) - who requires a higher level of regulatory protection than professional
customer /investors and eligible/Market counterparties.

WARNING

MUFG Securities EMEA plc (“MUS(EMEA)”) is not authorised and does not conduct
designated investment business in the UK with retail clients and accordingly the
services and products mentioned or referred to in the material on this website
are not available to such persons via MUS(EMEA). The information, data and
content contained in the materials on this website is provided for use by
professional investors or eligible/Market counterparties only and it should not
be viewed as a 'personal recommendation' within the meaning of the FCA and DFSA
Rules.

This website should in no circumstance be regarded as an offer or solicitation
to conduct designated investment business, as defined under the FCA Rules in any
jurisdiction other than the UK.. All research produced by MENA research team is
non-independent research and is not a marketing communication as defined by the
DFSA Rules. Unless otherwise stated, all views are solely those of MUFG Bank,
Ltd., its subsidiaries and affiliates each of whom are under no obligation
whatsoever to update this report. MUFG Bank, Ltd., its subsidiaries and
affiliates accept no liability whatsoever for any loss or damage of any kind
arising out of the use of all or any part of this report.


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