Bharti Airtel Partially Paid Rights Situation

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SingTel (ST SP): Steep Discount Amid Strong First-Half Results

SingTel: All-Time Low Implied Stub; Inexpensive Proxy Into Bharti

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

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<p><em><strong>This week in StubWorld ...</strong></em></p>
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<p><a href="https://www.smartkarma.com/entities/singapore-telecommunications" target="_blank" data-smartkarma-citation="entities:20:1" rel="noopener">Singtel (ST SP)</a>'s implied stub, net of all listcos, is currently around the lowest level outside of the GFC. </p>
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<p>Preceding my comments on SingTel are the weekly setup/unwind tables for Asia-Pacific Holdcos.</p>
<p>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%.</p>
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This week in StubWorld ...


Singtel (ST SP)'s implied stub, net of all listcos, is currently around the lowest level outside of the GFC. 


Preceding my comments on SingTel 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%.





Singtel

StubWorld: SingTel Plumbs Multi-Year Low