Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>There are currently 45 - mostly firm - transactions currently being discussed and analysed on Smartkarma.</li>
<li>One new deal discussed this week - SASAC-backed Hubei Ports' tilt for <a href="https://www.smartkarma.com/entities/china-infrastructure-logis" target="_blank" data-smartkarma-citation="entities:16710:1" rel="noopener">China Infrastructure &amp; Logistics Group (1719 HK)</a>.</li>
<li>There were updates for <a href="https://www.smartkarma.com/entities/crown-resorts-ltd" target="_blank" data-smartkarma-citation="entities:808:1" rel="noopener">Crown Resorts (CWN AU)</a>, <a href="https://www.smartkarma.com/entities/razer-inc" target="_blank" data-smartkarma-citation="entities:24380:1" rel="noopener">Razer Inc (1337 HK)</a>, <a href="https://www.smartkarma.com/entities/australian-pharmaceutical-industries-limited" target="_blank" data-smartkarma-citation="entities:19399:1" rel="noopener">Australian Pharmaceutical Industries (API AU)</a>, <a href="https://www.smartkarma.com/entities/katakura-industries-co-ltd" target="_blank" data-smartkarma-citation="entities:2007:1" rel="noopener">Katakura Industries (3001 JP)</a>, and <a href="https://www.smartkarma.com/entities/irongate-group" target="_blank" data-smartkarma-citation="entities:30897:1" rel="noopener">Irongate Group (IAP AU)</a>.
</li>
</ul>


There are currently 45 - mostly firm - transactions currently being discussed and analysed on Smartkarma.
One new deal discussed this week - SASAC-backed Hubei Ports' tilt for China Infrastructure &amp; Logistics Group (1719 HK).
There were updates for Crown Resorts (CWN AU), Razer Inc (1337 HK), Australian Pharmaceutical Industries (API AU), Katakura Industries (3001 JP), and Irongate Group (IAP AU).



Asia-Pac Weekly Risk Arb Summary: Razer, Crown Resorts, Katakura, Ausnutria, API, Irongate

<ul>
<li>There are currently 45 - mostly firm - transactions currently being discussed and analysed on Smartkarma</li>
<li>For a change of pace, there were no new deals this week discussed on Smartkarma.</li>
<li>There were updates for <a href="https://www.smartkarma.com/entities/katakura-industries-co-ltd" target="_blank" data-smartkarma-citation="entities:2007:1" rel="noopener">Katakura Industries (3001 JP)</a>, <a href="https://www.smartkarma.com/entities/china-logistics-property-holdings-co-ltd" target="_blank" data-smartkarma-citation="entities:22799:1" rel="noopener">China Logistics Property Holdings (1589 HK)</a>,  <a href="https://www.smartkarma.com/entities/esr-reit" target="_blank" data-smartkarma-citation="entities:10934:1" rel="noopener">ESR-REIT (EREIT SP)</a>/<a href="https://www.smartkarma.com/entities/ara-logos-logistics-trust" target="_blank" data-smartkarma-citation="entities:937:1" rel="noopener">ARA LOGOS (ALLT SP)</a>, and <a href="https://www.smartkarma.com/entities/yorkey-optical-international-cayman" target="_blank" data-smartkarma-citation="entities:12407:1" rel="noopener">Yorkey Optical International Cayman (2788 HK)</a>.</li>
</ul>


There are currently 45 - mostly firm - transactions currently being discussed and analysed on Smartkarma
For a change of pace, there were no new deals this week discussed on Smartkarma.
There were updates for Katakura Industries (3001 JP), China Logistics Property Holdings (1589 HK),  ESR-REIT (EREIT SP)/ARA LOGOS (ALLT SP), and Yorkey Optical International Cayman (2788 HK).


Asia-Pac Weekly Risk Arb Summary: ARA LOGOS, Katakura Industries, China Logistics, Yorkey Optical

<ul>
<li>There are currently 44  - mostly firm - transactions currently being discussed and analysed on Smartkarma.</li>
<li>Four new deals this week: <a href="https://www.smartkarma.com/entities/koufu-group-ltd" target="_blank" data-smartkarma-citation="entities:27271:1" rel="noopener">Koufu Group Ltd (KOUFU SP)</a>, <a href="https://www.smartkarma.com/entities/mesco-inc" target="_blank" data-smartkarma-citation="entities:16253:1" rel="noopener">Mesco Inc (1737 JP)</a>, <a href="https://www.smartkarma.com/entities/japan-asset-marketing-co-ltd" target="_blank" data-smartkarma-citation="entities:20575:1" rel="noopener">Japan Asset Marketing (8922 JP)</a>, and <a href="https://www.smartkarma.com/entities/isolite-insulating-products" target="_blank" data-smartkarma-citation="entities:20404:1" rel="noopener">Isolite Insulating Products (5358 JP)</a>.</li>
<li>Keys updates took place for: <a href="https://www.smartkarma.com/entities/shinsei-bank-ltd" target="_blank" data-smartkarma-citation="entities:16897:1" rel="noopener">Shinsei Bank (8303 JP)</a> and <a href="https://www.smartkarma.com/entities/razer-inc" target="_blank" data-smartkarma-citation="entities:24380:1" rel="noopener">Razer Inc (1337 HK)</a>.</li>
</ul>


There are currently 44  - mostly firm - transactions currently being discussed and analysed on Smartkarma.
Four new deals this week: Koufu Group Ltd (KOUFU SP), Mesco Inc (1737 JP), Japan Asset Marketing (8922 JP), and Isolite Insulating Products (5358 JP).
Keys updates took place for: Shinsei Bank (8303 JP) and Razer Inc (1337 HK).


Asia-Pac Weekly Risk Arb Summary: Koufu Group, Mesco, Japan Asset, Isolite, Shinsei Bank, Razer

<ul>
<li>There are currently 45 - mostly firm - transactions currently being discussed and analysed on Smartkarma.</li>
<li>Three new deals this week: <a href="https://www.smartkarma.com/entities/western-areas-ltd" target="_blank" data-smartkarma-citation="entities:15497:1" rel="noopener">Western Areas (WSA AU)</a>'s Offer from <a href="https://www.smartkarma.com/entities/igo-ltd" target="_blank" data-smartkarma-citation="entities:462:1" rel="noopener">IGO (IGO AU)</a>; <a href="https://www.smartkarma.com/entities/bardoc-gold-ltd" target="_blank" data-smartkarma-citation="entities:4833:1" rel="noopener">Bardoc Gold (BDC AU)</a> / <a href="https://www.smartkarma.com/entities/st-barbara-ltd" target="_blank" data-smartkarma-citation="entities:3764:1" rel="noopener">St Barbara Ltd (SBM AU)</a> merger; <a href="https://www.smartkarma.com/entities/vinythai-public-co-limited" target="_blank" data-smartkarma-citation="entities:14107:1" rel="noopener">Vinythai (VNT TB)</a>'s delisting Offer. </li>
<li>Keys updates took place for: <a href="https://www.smartkarma.com/entities/link-administration-holdings-ltd" target="_blank" data-smartkarma-citation="entities:970:1" rel="noopener">Link Administration Holdings (LNK AU)</a>'s Offer from Dye &amp; Durham, <a href="https://www.smartkarma.com/entities/sydney-airport" target="_blank" data-smartkarma-citation="entities:19063:1" rel="noopener">Sydney Airport (SYD AU)</a>; and <a href="https://www.smartkarma.com/entities/katakura-industries-co-ltd" target="_blank" data-smartkarma-citation="entities:2007:1" rel="noopener">Katakura Industries (3001 JP)</a>.</li>
</ul>


There are currently 45 - mostly firm - transactions currently being discussed and analysed on Smartkarma.
Three new deals this week: Western Areas (WSA AU)'s Offer from IGO (IGO AU); Bardoc Gold (BDC AU) / St Barbara Ltd (SBM AU) merger; Vinythai (VNT TB)'s delisting Offer. 
Keys updates took place for: Link Administration Holdings (LNK AU)'s Offer from Dye &amp; Durham, Sydney Airport (SYD AU); and Katakura Industries (3001 JP).


Asia-Pac Weekly Risk Arb Summary: IGO/Western Areas, Bardoc/St Barbara, Vinythai

Equity L/S Analyst | Forensic Accounting | India, Yellowstone Equity

Ankit Agrawal, CFA

Equity L/S Analyst | Forensic Accounting | India

Creating Wealth through Alpha and Compounding

Yellowstone Equity

Providing unbiased and independent research on Indian equities to global institutions and individual investors


-------------
Regulatory Disclosure: 
Note that Ankit Agrawal (Proprietor of Yellowstone Equity) is a SEBI registered Research Analyst (Registration No.: INH000007216). Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investment in securities market are subject to market risks. Read all the related documents carefully before investing.

Research Analyst Contact Details:
Address: A-412, Shilp Aaron, Sindhu Bhavan Road, Ahmedabad, Gujarat - 380059
Email: services@yellowstoneequity.com
Mobile: +91-7575817289

Compliance/Grievance Officer:
Name: Ankit Agrawal
Email: services@yellowstoneequity.com
Mobile: +91-7575817289
-------------

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/piramal-enterprises-ltd" target="_blank" data-smartkarma-citation="entities:14158:1" rel="noopener">Piramal Enterprises (PIEL IN)</a>["PEL"] is undergoing a demerger to separate its financial services and healthcare businesses. The demerger is likely to unlock significant value as the two businesses list independently.</li>
<li>PEL's healthcare business is very attractive. The financials business is also well positioned to turnaround and grow with adequate capital and strong infrastructure, especially post DHFL acquisition.</li>
<li>Upside can be as high as 30%+ over the next 6-9 months as the holdco discount collapses post demerger.</li>
</ul>



Piramal Enterprises (PIEL IN)["PEL"] is undergoing a demerger to separate its financial services and healthcare businesses. The demerger is likely to unlock significant value as the two businesses list independently.
PEL's healthcare business is very attractive. The financials business is also well positioned to turnaround and grow with adequate capital and strong infrastructure, especially post DHFL acquisition.
Upside can be as high as 30%+ over the next 6-9 months as the holdco discount collapses post demerger.


2022 High Conviction | Piramal Enterprises: Demerger to Unlock Value

India

Shriram Finance Limited provides consumer finance services. The Company offers automobile, commercial vehicle, business, and gold loan services. Shriram Finance serves customers in India.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Shriram Finance (SHFL IN)

Asia-Pac Weekly Risk Arb Summary: Razer, Crown Resorts, Katakura, Ausnutria, API, Irongate

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

David Blennerhassett

Asia-Pac Weekly Risk Arb Summary: ARA LOGOS, Katakura Industries, China Logistics, Yorkey Optical

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

David Blennerhassett

Asia-Pac Weekly Risk Arb Summary: Koufu Group, Mesco, Japan Asset, Isolite, Shinsei Bank, Razer

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

David Blennerhassett

Asia-Pac Weekly Risk Arb Summary: IGO/Western Areas, Bardoc/St Barbara, Vinythai

This insight provides a summary of gross/annualised spreads (on deals discussed on Smartkarma) across Asia-Pacific as at the last trading date, and...

David Blennerhassett

2022 High Conviction | Piramal Enterprises: Demerger to Unlock Value

PEL is undergoing significant restructuring with de-merger of its pharma business. The upside potential is 30%+ over the next 6-9 months as the...

Ankit Agrawal, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)