Dongfeng (489 HK): Questioning The EV Listing Valuation
Tricky trade. I might've been overly bullish in my initial note. The gross spread (to my implied price) is perhaps ~11%. If not in, I'd be inclined...
814 Views
Chery Automobile IPO: The Bear Case
Chery Automobile, a Chinese automobile manufacturer, has secured HKEx listing approval for a US$1.5-2.0 billion IPO. In this note, I outline the...
847 Views
Merger Arb Mondays (08 Sep) - Kangji, OneConnect, Ashimori, Pacific Ind, RPM, Santos, Zeekr
I summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan,...
1k Views
(Mostly) Asia-Pac M&A: Peak Rare Earths, Yutaka Giken, Shibaura, Johns Lyng, Ainsworth, Ashimori
This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...
766 Views
Chery Automobile IPO: The Bull Case
Chery Automobile, a Chinese automobile manufacturer, has secured HKEx listing approval for a US$1.5-2.0 billion IPO. In this note, I discuss the...
1.2k Views