DM Wenceslao Pre-IPO Review - A Bet on Aseana City
Dm Wenceslao And Associates (DMW PM) is looking to raise approximately US$300m in its upcoming IPO. Proceeds raised will be mainly used to fund the...
548 Views
Cosco Capital - Unlisted Operating Assets Remain Under-Appreciated
Cosco Capital Inc (COSCO PM) was at its record discount to NAV when we first wrote on it mid-2016. Discount to NAV has since then narrowed, but it...
591 Views
Deals done well but analyst numbers still don't seem to reflect the accelerated capex plans
Ayala Land's (ALI) share have traded well (up 6% from deal price) post the US$350m placement, initiated on 9th Jan 2015. Company has undertaken a...
533 Views
Ayala land - take the deal as the company needs capital to achieve its 2020 vision
Ayala Land recently unveiled its 2020 target of achieving PHP40bn of net income by 2020 vs PHP11.8bn in 2013 (implying ~20% CAGR), along with...
545 Views