In today’s briefing:
- Barito Renewables Energy (BREN IJ): Potential Index Inclusion in Nov (Finally?)
- Merger Arb Mondays (20 Oct) – ENN Energy, Joy City, Kangji, Mandarin, Soft99, Mandom, Makino
Barito Renewables Energy (BREN IJ): Potential Index Inclusion in Nov (Finally?)
- Barito Renewables Energy (BREN IJ)‘s stock price has been buffeted by expectations of index inclusion and then an unwind of that positioning a few times over the last year.
- With selling from some big shareholders, free float appears to have increased to a point where the stock could be added to a global index in November.
- There is also a possibility of being added to another global index in March, but that is a question for the next year.
Merger Arb Mondays (20 Oct) – ENN Energy, Joy City, Kangji, Mandarin, Soft99, Mandom, Makino
- I summarise the latest spreads and newsflow of merger arb situations we cover across Hong Kong, Australia, New Zealand, Singapore, Japan, Indonesia, Malaysia, Philippines, Thailand and Chinese ADRs.
- Highest spreads: Mandarin Oriental International (MAND SP), Smart Share Global (EM US), Soft99 Corp (4464 JP), ENN Energy (2688 HK), Mayne Pharma (MYX AU), Dongfeng Motor (489 HK).
- Lowest spreads: Bright Smart Securities (1428 HK), Pacific Industrial (7250 JP), Mandom Corp (4917 JP), Humm Group (HUM AU), Seven West Media (SWM AU), Toyota Industries (6201 JP).
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