Daily BriefsSingapore

Singapore: Wilmar International and more

In today’s briefing:

  • StubWorld: Wilmar’s Stake In Yihai Kerry At 300% Of Market Cap

StubWorld: Wilmar’s Stake In Yihai Kerry At 300% Of Market Cap

By David Blennerhassett

This week in StubWorld …

I see Wilmar International (WIL SP)‘s discount to NAV at 69%. The ~90% holding into Yihai Kerry Arawana Holdings (300999 CH) accounts for a staggering 300% of Wilmar’s market cap.

Preceding my comments on Wilmar are the weekly setup/unwind tables for Asia-Pacific Holdcos.

These relationships trade with a minimum liquidity threshold of US$1mn on a 90-day moving average, and a % market capitalisation threshold – the $ value of the holding/opco held, over the parent’s market capitalisation, expressed in percent – of at least 20%.


Before it’s here, it’s on Smartkarma