Zheneng Jinjiang Environment (ZJE SP): SOE-Backed Privatisation Looks Near-Certain to Complete
Jieneng's S$0.70 ZJE offer (19.7% premium; S$0.7225–0.745 with dividends) looks done: SOE buyers, Canvest precedent, 83% irrevocables vs 75%...
103 Views
China Strategy: It Is the Foreign Exchange Impact, Stupid!
Shenzhen Intl, ENN Energy, Shenzhen Expressway and Kunlun Energy are the key beneficiaries of the reverse in Rmb/USD depreciation trend in FY23,...
749 Views
Smartkarma Originals
China Environment Sector Deep Dive: Solid Waste Treatment
We are positive towards the outlook of China's solid waste treatment industry and believe the current share price level is a very good entry point,...
909 Views
66 HK and SBUS SP: Attack on HK Metro Signals Increases in Transport Operators' Costs
Extending my point about more demanding transportation frameworks going forward (see ComfortDelGro FY16 Results: An Era Where Competition Hits a...
3.4k Views
Global Port Operators - Reasonable Valuation Supports M&A Activities
Reasonable port valuation supports M&A activitiesNote: Market-weighted EV/EBITDA ticked higher from FY14 level of 14.8x to 15.0xSource:...
3.8k Views