In today’s briefing:
- Johns Lyng (JLG AU): A PEP-Sponsored MBO
- CATL Breaks Ground on $6 Billion Indonesian Battery Hub
- Creek & River (4763 JP): Q1 FY02/26 flash update
- DSV A/S – Game-Changing Integration & Strategic Expansion Signal Bold Growth Path!
Johns Lyng (JLG AU): A PEP-Sponsored MBO
- Johns Lyng (JLG AU) has entered a scheme implementation deed with Pacific Equity Partners (PEP) at A$4.00, a 57.5% premium to the undisturbed price of A$2.54 (10 June).
- The offer is effectively an MBO as the CEO and key executives will rollover their shares. The offer requires regulatory (FIRB and US) and shareholder approvals.
- The offer is arguably opportunistically timed to capitalise on the FY2025 guidance downgrade in February. However, it is reasonable, given the high uncertainty surrounding the timing of an earnings recovery.
CATL Breaks Ground on $6 Billion Indonesian Battery Hub
- Chinese battery titan Contemporary Amperex Technology Co. Ltd. (CATL) has broken ground on a nearly $6 billion project in Indonesia, marking a bold strategic move to secure crucial materials and expand its manufacturing footprint beyond China.
- The project — a joint venture between CATL subsidiary CBL, Indonesia’s state-owned miner PT Aneka Tambang (Antam), and the state-backed Indonesia Battery Corporation (IBC) — has officially started construction, CATL said Wednesday.
- More than three years in the making, the initiative underscores the ambition of the world’s largest battery manufacturer to reinforce its global standing amid increasingly complex geopolitical dynamics.
Creek & River (4763 JP): Q1 FY02/26 flash update
- Sales increased by JPY985mn (+7.7% YoY) with growth in Creative (Japan), Medical, and CRES segments; operating profit rose by JPY159mn (+12.7% YoY).
- Progress toward FY02/26 forecast: 23.1% for sales, 28.4% for operating profit, 28.1% for recurring profit, 28.6% for net income.
- CRES segment sales rose 205.0% YoY to JPY23mn, but recorded an operating loss of JPY41mn.
DSV A/S – Game-Changing Integration & Strategic Expansion Signal Bold Growth Path!
- DSV, a global leader in transport and logistics, recently shared its results for the first quarter of 2025, alongside details of its significant acquisition of Schenker.
- The completion of this transaction marks a critical milestone, positioning DSV as a leading figure in the logistics industry, potentially enhancing its competitive edge through expanded global reach and improved service offerings.
- 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.
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