In today’s briefing:
- AEM Holdings: Another CEO, Another Kitchen Sink?
- Capitaland Integrated Commercial Trust Placement: DPU Accretive Acquisition for a Familiar Asset
AEM Holdings: Another CEO, Another Kitchen Sink?
- AEM (AEM SP) announced a new CEO, Samer Kabbani, would take over with immediate effect.
- The previous CEO, Amy Leong, had only been in the job for about a year. The rapid change of CEO does not instill confidence going into 2Q25 results next week.
- New CEO’s frequently kitchen sink upon their appointment, will Samer continue this trend?
Capitaland Integrated Commercial Trust Placement: DPU Accretive Acquisition for a Familiar Asset
- Capitaland Integrated Commercial Trust (CICT SP) is looking to raise at least S$500M (US$388m) in a primary placement.
- The deal represents 9.7 days of 3 month ADV and ~3% of market cap.
- In this note, we comment on the deal dynamics and run the deal through our ECM framework.
💡 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
