SPAC Deep Dive, subSPAC

subSPAC

SPAC Deep Dive

Each week we’ll identify and break down for you SPACs that are capturing market share and making an impact.

Equity Bottom-Up

<ul><li>In the ever-changing landscape of SPACs, a new trend has emerged that has got investors talking: Re-SPACs.</li><li>Last week, electric vehicle startup Arrival announced its intention to Re-SPAC with Kensington Capital Acquisition Corp. V, signifying a growing interest among De-SPAC companies in exploring alternative capital-raising strategies.</li><li>Traditionally, SPACs have been a popular vehicle for ushering businesses into the public markets.</li></ul>

In the ever-changing landscape of SPACs, a new trend has emerged that has got investors talking: Re-SPACs.Last week, electric vehicle startup Arrival announced its intention to Re-SPAC with Kensington Capital Acquisition Corp. V, signifying a growing interest among De-SPAC companies in exploring alternative capital-raising strategies.Traditionally, SPACs have been a popular vehicle for ushering businesses into the public markets.

<ul><li>Electric Vehicle Startup Lucid Motors, the poster child for the SPAC Boom in 2021, has seen its valuation plummet in recent months amidst a string of production &amp; quality control issues, in addition to other demand headwinds.</li><li>As the macroeconomic environment deteriorates further, some rivals claim that the company could go bankrupt unless it cuts back on spending and reprices its vehicles.</li><li>Elon Musk had an ominous warning for EV startup Lucid Motors last week</li></ul>

Electric Vehicle Startup Lucid Motors, the poster child for the SPAC Boom in 2021, has seen its valuation plummet in recent months amidst a string of production &amp; quality control issues, in addition to other demand headwinds.As the macroeconomic environment deteriorates further, some rivals claim that the company could go bankrupt unless it cuts back on spending and reprices its vehicles.Elon Musk had an ominous warning for EV startup Lucid Motors last week

Value Investing

Vladimir Dimitrov, CFA

<ul>
<li>Holding General Motors stock has been a challenge as investors' sentiment towards all legacy auto manufacturers remains muted.</li>
<li>GM, however, is among the leaders in all major areas of future mobility, with BrightDrop now in the spotlight.</li>
<li>Legacy automotive and GM Finance businesses, largely seen as a disadvantage, are financing the future.</li>
</ul>


Holding General Motors stock has been a challenge as investors' sentiment towards all legacy auto manufacturers remains muted.
GM, however, is among the leaders in all major areas of future mobility, with BrightDrop now in the spotlight.
Legacy automotive and GM Finance businesses, largely seen as a disadvantage, are financing the future.


General Motors: From Vehicle Manufacturer To Platform Innovator

<ul>
<li>In spite of its stellar share price performance over the past year, GM is still underperforming on a mid-term basis.</li>
<li>Valuation remains conservative, in spite of the strong execution and sustained profitability.</li>
<li>Leading position in electrification, autonomous driving and connectivity will likely a significant impact on GM brands.</li>
<li>Legacy businesses remain exceptionally strong, with profitability proceeds being used used to finance future initiatives.</li>
</ul>


In spite of its stellar share price performance over the past year, GM is still underperforming on a mid-term basis.
Valuation remains conservative, in spite of the strong execution and sustained profitability.
Leading position in electrification, autonomous driving and connectivity will likely a significant impact on GM brands.
Legacy businesses remain exceptionally strong, with profitability proceeds being used used to finance future initiatives.


General Motors: Evolving Competitive Advantages

Bond market data and technology, BondEvalue

BondEvalue

Bond market data and technology

BondEvalue is a Singapore-based Fintech that specializes in bond market data and technology. The company's information services business offers bond market data on hard-currency corporate & sovereign bonds across Asia, Middle East, Europe and the Americas. The data, which includes bond prices, yields, news and analytics, is offered to end investors via interactive Mobile and Web Apps. Investors can sign up for a free trial of the service either via the company's website (https://bondevalue.com) or by downloading the BondEvalue Mobile App (http://onelink.to/wej7jq). BondEvalue is also developing an electronic bond exchange, BondbloX in Singapore that allows investors to trade bonds electronically in smaller sizes (US$1,000 or equivalent). For more information, visit https://www.bondblox.com/

Bond Market Data and Technology

Credit

US markets ended the day mixed with the S&amp;P down 0.2% and Nasdaq up 0.1%. Materials and Industrials, down 1.2% and 0.7% dragged the index while Utlities, Consumer Discretionary and Healthcare, were up 0.8%, 0.3% and 0.2% providing support. HSBC’s Q2 profit topped forecasts (details below). General Motors and Alibaba will be reporting earnings later this week. The CAC, FTSE and DAX were up 1%, 0.7% and 0.2%. Saudi TASI and UAE’s ADX were up 0.8% and 0.2% respectively. Brazil’s Bovespa gained 0.6%. Asia Pacific stocks opened in the red – HSI, Nikkei, Singapore’s STI and Shanghai were down 0.8%, 0.6%, 0.4% and 0.1%. US 10Y yields dipped to 4bp to 1.19%.

Ping An, Kasikornbank, Mapletree Launch Bonds; Macro; Rating Changes; New Issues; Talking Heads; ...

United States

General Motors Co. manufactures and markets new cars and trucks. The Company offers features for special needs drivers, OnStar vehicle protection, service, parts, accessories, maintenance, XM satellite radio, features for commercial owners, and more. General Motors offers its vehicles and services worldwide.

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General Motors (GM US)

Riding the Re-SPAC Wave

Last week, electric vehicle startup Arrival announced its intention to Re-SPAC with Kensington Capital Acquisition Corp. V, signifying a growing...

subSPAC

Race to Survival

As the macroeconomic environment deteriorates further, some rivals claim that the company could go bankrupt unless it cuts back on spending and...

subSPAC

General Motors: From Vehicle Manufacturer To Platform Innovator

Holding General Motors stock has been a challenge as investors' sentiment towards all legacy auto manufacturers remains muted. GM, however, is...

Vladimir Dimitrov, CFA

General Motors: Evolving Competitive Advantages

In spite of its stellar share price performance over the past year, GM is still underperforming on a mid-term basis. Valuation remains...

Vladimir Dimitrov, CFA

Ping An, Kasikornbank, Mapletree Launch Bonds; Macro; Rating Changes; New Issues; Talking Heads; ...

US markets ended the day mixed with the S&P down 0.2% and Nasdaq up 0.1%. Materials and Industrials, down 1.2% and 0.7% dragged the index while...

BondEvalue

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