In today’s briefing:
- Quiddity Primer for STAR 50 Index Rebalance Events
- TVS Supply Chain Solutions IPO – RHP Updates, Peer Comparison & Thoughts on Valuation
- Relx Plc: Diving Deep into Their Growth Strategies! – Key Drivers
Quiddity Primer for STAR 50 Index Rebalance Events
- STAR 50 Index represents the performance of the top 50 securities by market capitalization and liquidity listed on the Science and Technology Innovation (STAR) Board of the Shanghai Stock Exchange.
- This is one of the most significant indices in Mainland China when considering the average passive AUM per stock as a percentage of float.
- In this insight, we take a brief look at the index selection methodology and the historical price and volume performance of STAR 50 index rebalance baskets.
TVS Supply Chain Solutions IPO – RHP Updates, Peer Comparison & Thoughts on Valuation
- TVS Supply Chain Solutions (1915741D IN) is looking to raise up to US$110m in its India IPO, after downsizing from an earlier float of up to US$500m.
- TVS SCS is an Indian supply chain logistics solution provider which also has global capabilities and network across the value chain with cross deployment abilities, according to RedSeer.
- In our previous note, we looked at the company’s past performance. In this note, we talk about RHP updates, undertake a peer comparison and provide our thoughts on valuation.
Relx Plc: Diving Deep into Their Growth Strategies! – Key Drivers
- Relx had a decent financial performance in the recent quarter and is being driven by a continued shift in the business mix toward higher-growth analytics and decision tools that provide increased value to their clients across market categories.
- The underlying adjusted operating profit increased by 16%.
- All four business segments expanded well, with underlying adjusted operating profit growth matching or exceeding underlying sales growth.
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