In today’s briefing:
- JSR (4185 JP) Takeover – Why So Wide? FUD and Flows
- S&P/ASX Index Rebalance Preview: Potential Changes in September
- Why isn’t Gold starting to sell off? // The Big Sugar Rush
- Syngenta Pre-IPO – The Positives – Giant in the Agriculture Industry Set to Benefit from Policies
- Zephyr Energy Plc (AIM: ZPHR): First payment from insurance received
JSR (4185 JP) Takeover – Why So Wide? FUD and Flows
- In the last week of June, Japanese government-affiliated Japan Investment Corp (“JIC”) announced it would take over JSR Corp (4185 JP). A “surprise” but perhaps not totally.
- It traded tight, then it traded back out. Then worse. Then worse again. There were good reasons for this. There were perhaps less good reasons too.
- FUD and Flows mean that it is likely to continue to trade wide for the near future.
S&P/ASX Index Rebalance Preview: Potential Changes in September
- We forecast 22 changes across the ASX50 Index, ASX100 Index, S&P/ASX 200 (AS51 INDEX) and ASX300 Index at the September rebalance.
- Some of the changes are high probability while others are close to cutoffs. The impact of passive trading will be pretty large on a lot of stocks.
- Short interest on the potential deletes indicates some pre-positioning but there should still be a fair bit more to do.
Why isn’t Gold starting to sell off? // The Big Sugar Rush
- Why isn’t Gold starting to sell off? In last week’s report, we already highlighted that the golden metal stays unattractive – as the Fed will likely do more rate hikes.
- The, in some parts, stronger-than-expected job market data we received last week confirmed that view once again.
- We find it interesting that gold hasn’t shown more weakness yet – even as rates continue to rise again.
Syngenta Pre-IPO – The Positives – Giant in the Agriculture Industry Set to Benefit from Policies
- Syngenta Group (1844795D CH) is looking to raise around US$9.2bn in its upcoming China A-share IPO.
- Syngenta Group (Syngenta) is one of the largest agricultural firms globally, developing, producing and commercializing a portfolio of crop protection, seeds, crop nutrition products.
- In this note, we will talk about the positive aspects of the deal.
Zephyr Energy Plc (AIM: ZPHR): First payment from insurance received
- Initial invoices submitted to the insurer have now been approved and reimbursement totalling ~US$0.8 mm have been received.
- Additional invoices are being submitted on a regular basis with payments expected within 30 days of receipt by the insurer.
- Greater costs will come later in the process and are expected to be regularly re-imbursed as invoices are submitted.
💡 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
