In today’s briefing:
- Suntec REIT (SUN SP): Tang’s Offer Now Open
- Affirm Holdings Inc.: Dealing With Funding Strategy Vulnerabilities & 4 Other Challenges! – Major Drivers
- Crypto Crisp: What’s with the U.S. Fed?
- Kolte Patil: On Track as Per FY25 Guidance
Suntec REIT (SUN SP): Tang’s Offer Now Open
- On the 5th December, Gordan Tang (& his wife Celine) acquired 2.14% in Suntec REIT (SUN SP), lifting their stake to 31.45% from 29.31%, triggering a MGO.
- This is appears to be a technical Offer. The Offer price is S$1.16/share against a S$1.17/share undisturbed price. Timing, however, IS curious after ESR Group (1821 HK)‘s recent Offer.
- The Offer Doc is now out and shareholders can tender. At S$1.18/share as I type, zero tendering should occur. The Offer closes on the 20 January, unless extended.
Affirm Holdings Inc.: Dealing With Funding Strategy Vulnerabilities & 4 Other Challenges! – Major Drivers
- Affirm Holdings, Inc. recently provided an update on its fiscal first-quarter performance for 2025, sharing various insights regarding its current operations and strategic direction.
- Throughout the session led by Founder and CEO Max Levchin, as well as other key executives, the company highlighted strong financial metrics, ongoing initiatives, and future considerations, all of which culminated in both opportunities and challenges for investors assessing its market potentials and risks.
- Baptista Research looks to evaluate the different factors that could influence the company’s price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.
Crypto Crisp: What’s with the U.S. Fed?
- The past week was notably eventful, marked by the U.S. Federal Reserve (Fed) cutting interest rates for the U.S. Dollar by 25 basis points.
- However, the Fed struck a hawkish tone for the coming year, signaling fewer interest rate cuts than the market had anticipated.
- This shift unsettled investors, with the crypto market bearing the brunt of the reaction.
Kolte Patil: On Track as Per FY25 Guidance
- Kolte Patil reported a decent Q2FY25 with highest ever quarterly pre-sales of INR 770cr, a growth of 22% YoY. Pre-sales volume corresponding to this was 1.03 MSF (Million Square Feet).
- Notably, demand for premium projects has been strong. For H1FY25, 30% of pre-sales has come from 24K luxury segment. This compares to 12% in FY22.
- Year-To-Date, new launch activity has been decent with the launch of 2.2 MSF of saleable area. This includes Kolte Patil’s entry in Navi Mumbai with a project launch in Vashi.
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