In today’s briefing:
- Merger Arb Mondays (18 Apr) – Yashili, VNET, Sezzle, Link Admin, Razer, Excelpoint, Guodian
- Crypto Weekly: Inflation Continues to Pressure Crypto
Merger Arb Mondays (18 Apr) – Yashili, VNET, Sezzle, Link Admin, Razer, Excelpoint, Guodian
- We summarise the latest spreads and newsflow of merger arb situations covered by us across Hong Kong, Australia, New Zealand, Singapore and the US (Chinese ADRs only).
- This week, the highest gross spreads are Yashili International Holdings (1230 HK), 21Vianet Group (VNET US), Sezzle Inc (SZL AU), Link Administration Holdings (LNK AU), Razer Inc (1337 HK).
- The lowest gross spreads are China Logistics Property Holdings (1589 HK), Virtus Health (VRT AU), 51 Job Inc Adr (JOBS US), Uniti Group Ltd (UWL AU), Irongate Group (IAP AU).
Crypto Weekly: Inflation Continues to Pressure Crypto
- The CPI print was the highest in 40 years which will inevitably lead to rate hikes and quantitative tightening
- QT is extremely negative for any long-duration assets such as crypto and growth stocks
- Nonetheless, the underlying growth of crypto is helping BTC to defend 40k and ETH to defend 3k
Before it’s here, it’s on Smartkarma
