Jollibee: Spin off to HK to Re-Rate
Jollibee will spin off its lower margin, capital expenditure heavy phase of international business to HK Exchange and unearth the domestic PH...
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On Jollibee (JFC PM) In-Specie-Ing Its International Ops
The takeaway is that the spin-off may extract a higher multiple for its fast-growing international ops; and/or a clearer valuation for its...
101 Views
McDonald Japan (2702): Higher Margin but Cheaper than Peers
With operating margin improving from 10% to 14.8% for last 5 years, McDonald Japan is supposed to perform better than the peers that produce half...
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Curator's Cut: Few Want Consumer Staples, Many Want Financials, & Spin-Off Lessons
In this Curator's Cut, we examine poor positioning in Consumer Staples, the (continued) rotation into (Asian) Financials and mixed views on spin...
135 Views
The Week That Was in ASEAN@Smartkarma - Grab's High-Value Boost, Sea's Shopee in Profit, and Keepers
The past week saw insights on Grab Holdings (GRAB US), Sea Ltd (SE US), Avarga Ltd (AVARGA SP), The Keepers Holdings (KEEPR PM), and Jollibee Foods...
544 Views