IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

IJM Corp (IJM MK): Sunway Running Out of Options as Focus Shifts to the Back-End Valuation

Merger Arb Mondays (16 Mar) - Skyworth, ENN, BlueScope, Pepper, Humm, Makino, Sankei, MCJ, IJM

IJM Corp (IJM MK): Takeaways from the Sunway EGM and Latest Acceptances

IJM Corp (IJM MK): Sunway’s Cash/Scrip Conditional Voluntary Offer

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Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sunway-bhd" target="_blank" data-smartkarma-citation="entities:11025:1" rel="noopener">Sunway Bhd (SWB MK)</a> released its circular regarding its cash/scrip conditional voluntary offer for <a href="https://www.smartkarma.com/entities/ijm-corp-bhd" target="_blank" data-smartkarma-citation="entities:16784:1" rel="noopener">Ijm Corp Bhd (IJM MK)</a>, valued at RM3.15. The Sunway EGM is on 26 March. </li>
<li>Sunway shareholder approval will be forthcoming. The satisfaction of the 50% minimum acceptance condition, the key risk, is largely a political call which can go either way.</li>
<li>Risk/Reward is favourable. The shares trade marginally above the "true" undisturbed price while the gross spread at last close is 35.2% (23.8% based on Sunway’s last close). </li>
</ul>



Sunway Bhd (SWB MK) released its circular regarding its cash/scrip conditional voluntary offer for Ijm Corp Bhd (IJM MK), valued at RM3.15. The Sunway EGM is on 26 March. 
Sunway shareholder approval will be forthcoming. The satisfaction of the 50% minimum acceptance condition, the key risk, is largely a political call which can go either way.
Risk/Reward is favourable. The shares trade marginally above the "true" undisturbed price while the gross spread at last close is 35.2% (23.8% based on Sunway’s last close). 


IJM Corp (IJM MK): Risk/Reward as Sunway’s EGM Set for 26 March