In today’s briefing:
- Golden Eagle (3308 HK): CCASS Movements Are Standard Fare
- L’Occitane (973 HK): Underlying Fundamentals Intact
- [Week 1] Namaste India 🙏 | Whirlpool Stock Performance Is Good, Earnings Are Not
- Trip.com Q223 Quick Take: Revenue, EPS > Consensus | Guidance? Not Much | Still No Upside Surprises
- Judicial Decisions Are Also Important to Clarify the Nature of the Diversity Issues
Golden Eagle (3308 HK): CCASS Movements Are Standard Fare
- Back on the 28th May, PRC department store play Golden Eagle (3308 HK) announced a privatisation offer, by way of a Scheme, at $6.88/share, a 40.41% premium to last close.
- The Offeror is the Wang family, who together with concert parties, held 80.29%. 7.18% of the 19.71% held by the disinterested stakeholders have given irrevocables in favour of the Scheme.
- Ahead of the Scheme Meeting on September 15th, a significant amount of shares have moved out of CCASS. This is not something to concern investors.
L’Occitane (973 HK): Underlying Fundamentals Intact
- L’Occitane (973 HK) announced after market close yesterday that the controlling shareholder has terminated the potential general offer.
- Shares trade at a significant discount to global cosmetics peers and its own historical trading range, while brands’ growth momentum remain intact.
- Take advantage of any potential significant sell-down caused by the drop of the privatization attempt.
[Week 1] Namaste India 🙏 | Whirlpool Stock Performance Is Good, Earnings Are Not
- Positive retail flows, HNI & AIF inflows, along with global market trends, suggest that the uptrend for the NIFTY Index (NIFTY INDEX) may continue.
- Bullish stocks include Metro Brands (METROBRA IN) and Zydus Wellness (ZYWL IN), while the sentiment for Whirlpool of India (WHIRL IN) is Bearish.
- Highlighted global stocks include Ebix (EBIX US) , Smith (A.O.) (AOS US) and Apple (AAPL US)
Trip.com Q223 Quick Take: Revenue, EPS > Consensus | Guidance? Not Much | Still No Upside Surprises
- Strong Q2 results out Tuesday morning beat consensus Revenue and core EPS estimates
- But concerns remain about expense control and longevity of ongoing demand recovery
- Great Q2 results, yes, but we think investors want more clarity about H2 demand
Judicial Decisions Are Also Important to Clarify the Nature of the Diversity Issues
- A survey result supports that the fact that women temporarily leave the workplace due to childbirth or childcare is detrimental to their careers.
- Since there’re issues that require solutions not only for companies but for society, judicial decisions will encourage companies to make female employees subject to the same conditions as male employees.
- While more companies may take this ruling as an opportunity to consider conventional HR practices, since cases of employees going to court are rare, some companies may not act immediately.
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