Daiei Kankyo IPO - Final Thoughts on Valuation
Daiei Kankyo (9336 JP) (DK), a waste management company, aims to raise around US$314m in its Japan IPO. In this note, we talk about valuations.
635 Views
SATS: If Three Different P/E Firms Can't Create Value for 8 Years, Can SATS?
SATS is buying WFS and attempting to do what no PE firm could do for the last 8 years: create value at WFS. Can SATS be different?
581 Views
The Week That Was in ASEAN@Smartkarma - Resilient Indonesia, MAPI's Secret, and SAT's Acquisition.
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
311 Views
Weekly Deals Digest (02 Oct) - SATS, Jinke Smart, EVOC, Fengxiang, Tassal, MACA, Growatt, CALB
Last week, notable developments occurred in Event-Driven (SATS, Jinke Smart, EVOC, Fengxiang, Tassal, MACA, Nearmap, Ramsay, Infomedia) and ECM...
465 Views
SATS/WFS: The Future Is Cargo
I estimate a proforma, normalised, EV/EBITDA of 9.7x. Not too demanding. But not what I would consider "cheap". I would not be jumping into SATS...
562 Views