U.S. Equity Strategy: Round Trip Back To Resistance
Our base case continues to be for near-term consolidation while the market determines the implications of states’ reopening (i.e., the...
430 Views
OneConnect Financial (6638 HK/OCFT US): Scheme Vote for Below Net Cash Offer on 28 October
The offer is below net cash, and Ping An is privatising OneConnect just as its revenue declines are coming to an end. This setup is best avoided.
443 Views
Weekly Deals Digest (13 Jul) - Toyota Industries, OneConnect, Great Eastern, Johns Lyng, NTT DC REIT
A weekly summary of key developments across ECM and Event-Driven names tracked by us across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
729 Views
OneConnect Financial (6638 HK/OCFT US): Precondition Satisfied for a Below Net Cash Offer
The offer is light. The high minority participation rate and protest votes at the recent AGM are warning signs that the vote is far from a done...
551 Views
OneConnect Financial (6638 HK/OCFT US): Ping An Firms Offer @ HK$2.068/Share
Terms are light.But no competing offer will emerge. If illiquid Hong Kong arbs are your bag, get involved, and pay up to ~HK$1.90/share. After the...
672 Views