Zhuang Dinghua
Credit, Loans & Interest Analysis with APAC & Real Estate Focus
Engineered stress tests simulating 400bps HIBOR shocks on HK hotel loans, identifying 68% DSCR breach risk. Redesigned covenants with interest reserves & collateral haircuts (validated against Harbour Grand restructuring), cutting loss exposure by $45M per $100M loan.
Built an interactive Excel dashboard quantifying covenant breaches. APAC portfolio during rate spikes. Auto-generates restructuring memos (term extensions/collateral swaps), slashing provision reserves by 22% in back-tests against 2023 defaults.
Sector-weighted defense strategy for a bank's property portfolio: dynamic LTV triggers for high-vacancy zones, rotation into resilient assets, & Mainland developer haircuts. Cuts projected provisions by 18% while boosting ROE by 1.2pp.
Structured sustainability-linked revolvers with KPI-triggered margin adjustments. Modelled on HSBC's $1B New World deal, showing 15% client savings while de-risking transition exposure for lenders.
Deep dived into covenant tightness, collateral coverage, & rate sensitivity for top developers. Revealed Henderson's 23% higher refinancing risk at 5% HIBOR, informing tighter LTV thresholds & tenors.
