UOL Group (UOL SP): At Risk of Passive Selling in February
UOL Group could be deleted from global passive portfolios in February and trackers will need to sell 16x ADV. UOL Group has outperformed City Dev...
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Frasers Centrepoint Trust Placement - Relative Large Dilution for Smallish Accretion
Frasers Centrepoint Trust (FCT SP) aims to raise around US$152m in order to partly fund its purchase of an additional stake in NEX mall.
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MLT Placement - Small Deal but Recent Deals Didn’t Do Well
Mapletree Logistics Trust (MLT SP) plans to raise around US$150 (S$200m) to partially fund the acquisition of logistics properties in Japan,...
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Frasers Hospitality Trust’s Scheme Votes Unexpectedly Falls Short
The scheme failed to clear the 75% scheme resolution voting requirement. We estimate that the surprising deal break will likely lead to a 15-20%...
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The Week That Was in ASEAN@Smartkarma - Sea Ltd's Changing Tide, GoTo's Synergies, and Thai Hotels
The Week That Was in ASEAN@Smartkarma is filled with an eclectic mix of differentiated, substantive, and actionable insights, macro and equity...
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