Pentamaster International (1665 HK): Pentamaster Corp and AchiCapital’s Light Scheme Offer
The risk/reward is unattractive. An arguably light offer in which the Holdco is privatising its OpCo by arbitraging the valuation discrepancies...
631 Views
Malaysia: Net Outflow of FDI and FPI Reflect Basic Haemorrhage of Trust
Pressured by Islamist PAS, PM Anwar has abandoned his 25-year advocacy of multi-racialism. Net FDI & FPI outflows will pressure MYR. Fiscal deficit...
486 Views
The Week That Was in ASEAN@Smartkarma - My E.G. Services, Keppel Corp, and Adaro Energy's BuyBack
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
424 Views
Pentamaster Corp: In The (EV) Driver's Seat
PENT should trend higher as it rides on the coattails of the automotive electrification trend. Yet at 33x FY23E EV/EBITDA, it is not inexpensive....
684 Views
Pentamaster Corp (PENT MK): Good Story, at What Price?
The shares have had a strong run and the valuation looks full compared to peers and historical multiples. We like the fundamentals and would be...
581 Views