In today’s briefing:
- Digital Core REIT Placement – Taking a Turn for the Better After All the Negative News
- CaiNiao’s FYQ3: Solid Revenue Growth & EBITA Margin Improvement Distinguish It From Express Peers
Digital Core REIT Placement – Taking a Turn for the Better After All the Negative News
- Digital Core REIT (DCREIT SP) is looking to raise at least US$100m in its primary placement. The proceeds will be used to fund potential acquisitions and debt repayment.
- The deal will be a large one to digest at 72.7 days of three month ADV and 12.8% dilution.
- In this note, we’ll run the deal through our ECM framework and comment on deal dynamics.
CaiNiao’s FYQ3: Solid Revenue Growth & EBITA Margin Improvement Distinguish It From Express Peers
- CaiNiao’s revenue growth remained strong, up +24% Y/Y in December quarter
- EBITA turned positive from loss in prior year period, but margin < FYQ2
- Overall, an impressive set of results that distinguishes CaiNiao from express peers
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
