In today’s briefing:
- Last Week In Event SPACE: Kakaku.com, Austal, Swire Pacific, Ajinomoto Malaysia
Last Week In Event SPACE: Kakaku.com, Austal, Swire Pacific, Ajinomoto Malaysia
- EQT would probably jump higher and Bain would come out above that. Both would aim high to get it done and not lose the asset. Stay long Kakaku.com (2371 JP).
- As Austal Ltd (ASB AU) books losses in response to contractual relief delays (or cancellation altogether[?]), Hanwha steps in with a fair offer for Austal’s US unit.
- The NAV discount has narrowed, and the implied stub is elevated, but at 0.34x forward P/B, Swire Pacific (19 HK) is still a buy.
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