bullish
Last Week In Event SPACE: Vingroup/VinFast, Prosus/Naspers, STAR CM
437 Views03 Sep 2023 07:10
SUMMARY
- Marginal float helped fuel the VinFast (VFS US) bubble. Then it popped.
- The Prosus (PRX NA)/Naspers (NPN SJ) Circularity Detour and subsequent unwind created the B-Share construct which means they can maintain the voting control in South Africa without maintaining economic control.
- The backlash against Star CM Holdings (6698 HK) calls into question the broader Chinese entertainment industry, and how it strikes a balance between viewership/profitability and ethical boundaries.
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