Z Fin (1168 HK): A High Spread That Reflects Real Vote Risk
HK$6.60 final offer values Z Fin ex-ZA Global below zero. Scheme document due 30 Oct, gross spread 35%. The scheme vote is riskier than it looks;...
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Z Fin (1168 HK): Ou's "Fair" HK$6.60/Share Offer
This is an awful space to invest. 0.28x P/B appears a steal; but it's above the peer average. If illiquid arbs are your thing, pay up to HK$6.25...
184 Views
Z Fin (1168 HK): Despite the High Takeover Premium, the Offer Is Well Short of Intrinsic Value
The offer is light and well below intrinsic value. While no disinterested shareholder holds a blocking stake, the vote carries risk, particularly...
194 Views
Z Fin (1168 HK)'s Suspension: Expect Ou To Make An Offer
Despite the fintech rebranding, Z Fin very much remains a property play, and should be assessed accordingly. At 0.2x trailing P/B, Z Fin is trading...
172 Views
Merger Arb Mondays (12 Oct) - Skyworth, Z Fin, OFX, Ingenia/Peet, Cleanaway, Reliance, Kakaku
I summarise the latest spreads and newsflow for the merger arb situations covered across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
195 Views