Category

Daily Briefs

Jun 30
0

Daily Brief Event-Driven: Weekly Deals Digest (30 Jun) – China TCM and more

By | Daily Briefs, Event-Driven

In today’s briefing:

  • Weekly Deals Digest (30 Jun) – China TCM, Henlius, Midea RE, MMG, Aisin, Sanil, Shift Up
  • End of Mandatory Lock-Up Periods for 55 Companies in Korea in July 2024
  • (Mostly) Asia-Pac M&A: TCM, Henlius Bio, Mideal Real Estate, Malaysia Airports, S Line, Best World
  • Last Week in Event SPACE: Keisei Electric, China Merchants, Great Eastern, Jardine Matheson/JCNC
  • Quiddity Leaderboard ASX Sep 24 Rebal: Altium to Trigger Two Intra-Review Replacements in July
  • SK Bioscience (302440 KS): Acquiring Majority Stake in IDT Biologika- A Step Toward ‘Globalization’

Weekly Deals Digest (30 Jun) – China TCM, Henlius, Midea RE, MMG, Aisin, Sanil, Shift Up

By Arun George

End of Mandatory Lock-Up Periods for 55 Companies in Korea in July 2024

By Douglas Kim

  • We discuss the end of the mandatory lock-up periods for 55 stocks in Korea in July 2024, among which 6 are in KOSPI and 49 are in KOSDAQ.
  • These 55 stocks on average could be subject to further selling pressures in July and could underperform relative to the market.
  • The top three market cap stocks including those of which at least 1% of outstanding shares could be sold in July include Lunit, Mezzion Pharma, and DS Dansuk.

(Mostly) Asia-Pac M&A: TCM, Henlius Bio, Mideal Real Estate, Malaysia Airports, S Line, Best World

By David Blennerhassett

Last Week in Event SPACE: Keisei Electric, China Merchants, Great Eastern, Jardine Matheson/JCNC

By David Blennerhassett

  • No surprise: Keisei Electric Railway (9009 JP) shareholders voted down Palliser’s proposal. If the vote was close, Palliser may ups its rhetorical game, and takes a harder stance.
  • Argyle failed to boot one CMCDI (133 HK) director. They’ll next target the management agreement renewal; and agitate the company buy back 20% of shares outstanding at 90% of NAV.
  • The Offeror now has 90.16% in Great Eastern Holdings (GE SP) – so this will get suspended at the close of the Offer.

Quiddity Leaderboard ASX Sep 24 Rebal: Altium to Trigger Two Intra-Review Replacements in July

By Janaghan Jeyakumar, CFA

  • In this insight, we take a look at the potential index changes for ASX 200, 100, 50, and 20 in the run-up to the September 2024 index rebal event.
  • In July 2024, a couple of important Australian M&A deals could close and one of them could trigger intra-review additions for ASX 100 and ASX 200.
  • Separately, we see one ASX 100 change and one ASX 200 change during the September 2024 rebalance. For ASX 300, there could be 13 ADDs and 6 DELs.

SK Bioscience (302440 KS): Acquiring Majority Stake in IDT Biologika- A Step Toward ‘Globalization’

By Tina Banerjee

  • SK Bioscience (302440 KS) secures 60% stake in IDT Biologika, a global CDMO company with state-of-the-art manufacturing facilities in Germany, for KRW339B ($244M). The valuation seems reasonable.
  • The transaction paves the way for SK bioscience to strengthen its global presence, notably in Europe and the U.S., and to diversify its business by expanding into bulk drug substances.
  • Based on the existing CDMO contracts, IDT Biologika’s outlook remains positive. SK bioscience aims to more than double its revenue and stabilize operating profit margins at 20%+.

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Jun 30
0

Daily Brief Macro: Copper Tracker June 2024: Physical/Equity Screens And Trades For July and more

By | Daily Briefs, Macro

In today’s briefing:

  • Copper Tracker June 2024: Physical/Equity Screens And Trades For July

Copper Tracker June 2024: Physical/Equity Screens And Trades For July

By Sameer Taneja

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Jun 30
0

Top 10 Highlights from the APAC PE, VC and Startup Ecosystem this Week – 30 Jun 2024

By | Private Markets, Smartkarma Newswire

Top ten highlights from the APAC PE, VC, and startup ecosystem this week:

  1. Singapore-based Oatside Raises S$47.9 Million in Series B Funding Round
    – Asian secondary PE firm TR Capital and VC investor Granite Asia back Oatside.
    – Potential for more capital infusion in Series B with support from existing shareholders like Temasek.
  2. GXS Bank Receives $169.4 Million Investment
    – Grab and Singtel contribute to the funding round.
    – GXS Bank focuses on digital banking for everyday consumers and small businesses.
  3. Shein Reports Over Fourfold Growth in Revenue in 2022
    – Fast-fashion group heading towards a public listing in London.
    – Recorded revenue of $21.6 billion with net profit tripling to $633.6 million.
  4. ONE Championship’s Annual Losses Narrow by 40%
    – Higher revenue leads to a 40% decrease in annual losses for

  5. – Revenue growth from various sources like event ticketing and merchandise climbs to $84.5 million.
  6. Love, Bonito Sees Doubled Losses in 2022
    – Direct-to-consumer fashion platform’s loss doubles to S$23 million.
    – Revenue increases by 45.3% to S$64.5 million.
  7. Silicon Box Reports Surge in Losses
    – Semiconductor startup experiences a 3.2x increase in losses for the financial year ending December 31,

  8. – Declares revenue for the first time since inception in 2021.
  9. Jungle Ventures Aims to Raise $600 Million for Fifth Fund
    – SE Asian VC firm targeting fund to support startups across Southeast Asia and India.
  10. Maven Asia Capital Set to Close Debut Fund
    – Early-stage VC firm anchored by Japan’s SBI Holdings to finalize debut fund by July.
  11. OSK-SBI Venture Partners Announces First Close of Second Fund
    – Malaysia-based venture fund reaches first close at $20 million with a target of $40 million by December.
  12. Starshine Semiconductor Raises 1 Billion Yuan in Series B Funding Round
    – Chinese tech startup attracting investor attention in efforts for self-sufficiency in chips.

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