Tencent Placement -Â Huge Deal in Size, Small in Relative Terms - Succumbing to the HoldCo Discount
Naspers Ltd (NPN SJ) plans to sell US$10bn worth of Tencent Holdings Ltd (700 HK) shares, to reduce its shareholding from 33.17% to 31.17%. The...
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Naspers & Prosus Sell off on JET Acquisition, Discounts Oversold Lifting Buyback Accretion
Naspers and Prosus sold off sharply on the news of the JET acquisition yesterday morning. Both discounts widened, following a notable recovery...
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Cyclical Assets To Underperform From Here
The surge in volatility should be welcome to longer-term investors by removing some of the technical distortions that had arisen during the long...
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StubWorld - Set-Up & Unwind Extremes:Â Hang Lung, Tsugami
This week: Hang Lung Group Ltd (10 HK)’s discount remains stretched after bouncing off a 12-month low earlier in the week; and Tsugami Corp (6101...
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EM Positioning Review 2017. The Key Drivers of Performance
In order to understand the drivers of performance among EM active managers, we create a portfolio based on the aggregated holdings of 134 global...
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