IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>Bloomberg <a href="https://theedgemalaysia.com/node/797069" target="_blank" rel="noopener">reported</a> that the Lin Family, in partnership with Stonepeak Partners and some local pension funds, are nearing an agreement to privatise <a href="https://www.smartkarma.com/entities/yinson-holdings-bhd" target="_blank" data-smartkarma-citation="entities:3252:1" rel="noopener">Yinson Holdings (YNS MK)</a> through a scheme. </li>
<li>The deal could value Yinson at about RM8 billion or RM2.75 per share. The key scheme conditions are the headcount test and a &lt;10% rejection rate among all disinterested shareholders. </li>
<li>The inclusion of local pension funds in the BidCo will be crucial to deal completion, as the rumoured offer is unattractive compared to peers' multiples and analyst price targets.</li>
</ul>


Bloomberg reported that the Lin Family, in partnership with Stonepeak Partners and some local pension funds, are nearing an agreement to privatise Yinson Holdings (YNS MK) through a scheme. 
The deal could value Yinson at about RM8 billion or RM2.75 per share. The key scheme conditions are the headcount test and a &lt;10% rejection rate among all disinterested shareholders. 
The inclusion of local pension funds in the BidCo will be crucial to deal completion, as the rumoured offer is unattractive compared to peers' multiples and analyst price targets.


Yinson (YNS MK): An Impending Scheme Privatisation?

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in short interest of Bursa stocks as of Mar 20th. The aggregated short interest is USD534m.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Telekom Malaysia, UEM Sunrise, Datasonic, WCT, KPJ Healthcare.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Mar 20th. The aggregated short interest is USD534m.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Telekom Malaysia, UEM Sunrise, Datasonic, WCT, KPJ Healthcare.


Bursa Short Interest Weekly (Mar 20th): Telekom Malaysia, UEM Sunrise, Datasonic, WCT

<ul>
<li>We analyzed the changes in short interest of Bursa stocks as of Mar 13th. The aggregated short interest is USD538m.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in Bumi Armada, KPJ Healthcare, Inari Amertron, Hibiscus Petroleum, Telekom Malaysia.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Mar 13th. The aggregated short interest is USD538m.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in Bumi Armada, KPJ Healthcare, Inari Amertron, Hibiscus Petroleum, Telekom Malaysia.


Bursa Short Interest Weekly (Mar 13th): Bumi Armada, KPJ Healthcare, Inari Amertron

<ul>
<li>We analyzed the changes in short interest of Bursa stocks as of Jan 9th. The aggregated short interest is USD478m.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in IJM, YTL, Inari Amertron, SNS, Datasonic.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Jan 9th. The aggregated short interest is USD478m.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in IJM, YTL, Inari Amertron, SNS, Datasonic.


Bursa Short Interest Weekly (Jan 9th): IJM, YTL, Inari Amertron, SNS, Datasonic

<ul>
<li>We analyzed the changes in short interest of Bursa stocks as of Dec 26th. The aggregated short interest is USD471m.</li>
<li>We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.</li>
<li>We highlight short interest changes in VS Industry, Gamuda, Datasonic, Genting Malaysia, Telekom Malaysia.</li>
</ul>


We analyzed the changes in short interest of Bursa stocks as of Dec 26th. The aggregated short interest is USD471m.
We tabulate league tables for top short by value and short as multiple of ADT, as well as weekly increases &amp; decreases in short value, short as multiple of ADT.
We highlight short interest changes in VS Industry, Gamuda, Datasonic, Genting Malaysia, Telekom Malaysia.


Bursa Short Interest Weekly (Dec 26th): VS Industry, Gamuda, Datasonic, Genting Malaysia

Malaysia

Bumi Armada Bhd is an international offshore services provider to the oil and gas industry in Malaysia and other countries in Asia.  The Company owns and operates offshore support vessels to provide support for exploration, development and production activities in the offshore O&G industry.

Price Gauge
52-week Range	0.00 - 0.00
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Bumi Armada (BAB MK)

Yinson (YNS MK): An Impending Scheme Privatisation?

The inclusion of local pension funds in the BidCo will be crucial to deal completion, as the rumoured offer is unattractive compared to peers'...

Arun George

Bursa Short Interest Weekly (Mar 20th): Telekom Malaysia, UEM Sunrise, Datasonic, WCT

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Telekom Malaysia, UEM Sunrise,...

Ke Yan, CFA, FRM

Bursa Short Interest Weekly (Mar 13th): Bumi Armada, KPJ Healthcare, Inari Amertron

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Bumi Armada, KPJ Healthcare, Inari...

Ke Yan, CFA, FRM

Bursa Short Interest Weekly (Dec 26th): VS Industry, Gamuda, Datasonic, Genting Malaysia

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in VS Industry, Gamuda, Datasonic,...

Ke Yan, CFA, FRM

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Yinson (YNS MK): An Impending Scheme Privatisation?

The inclusion of local pension funds in the BidCo will be crucial to deal completion, as the rumoured offer is unattractive compared to peers'...

Arun George

Bursa Short Interest Weekly (Mar 20th): Telekom Malaysia, UEM Sunrise, Datasonic, WCT

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Telekom Malaysia, UEM Sunrise,...

Ke Yan, CFA, FRM

Bursa Short Interest Weekly (Mar 13th): Bumi Armada, KPJ Healthcare, Inari Amertron

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in Bumi Armada, KPJ Healthcare, Inari...

Ke Yan, CFA, FRM

Bursa Short Interest Weekly (Jan 9th): IJM, YTL, Inari Amertron, SNS, Datasonic

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in IJM, YTL, Inari Amertron, SNS, Datasonic.

Ke Yan, CFA, FRM

Bursa Short Interest Weekly (Dec 26th): VS Industry, Gamuda, Datasonic, Genting Malaysia

We analyzed Bursa Malaysia short interest report for the past week and highlighted short interest changes in VS Industry, Gamuda, Datasonic,...

Ke Yan, CFA, FRM