Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

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Equity Capital Markets

Matahari Department Store / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/5230" target="_blank" data-smartkarma-citation="entities:5230">PT Matahari Department Store</a>'s shareholders are placing shares worth US$159m. <ul>
<li>The deal scores well in our Smartkarma Placement Framework. </li>
<li>The company's past placement performed well.</li>
<li>The company has strong fundamentals.</li>
<li>The only concern is its large deal size equivalent to 29 days of average trading volume.</li>
</ul><h2>Deal Overview</h2><ul>
<li>Company Name: Matahari Department Store Tbk PT</li>
<li>Ticker: LPPF IJ</li>
<li>Secondary offering</li>
<li>Settlement date:24 May, 2016</li>
<li>Indicative deal price: IDR 17,000 to 17,800.</li>
<li>Last Traded Price: IDR18,800.</li>
<li>…</li>
</ul>

 PT Matahari Department Store's shareholders are placing shares worth US$159m. 
The deal scores well in our Smartkarma Placement Framework. 
The company's past placement performed well.
The company has strong fundamentals.
The only concern is its large deal size equivalent to 29 days of average trading volume.
Deal Overview
Company Name: Matahari Department Store Tbk PT
Ticker: LPPF IJ
Secondary offering
Settlement date:24 May, 2016
Indicative deal price: IDR 17,000 to 17,800.
Last Traded Price: IDR18,800.
…


Matahari Dept Placement: Well Known Indo Consumer Name, Now at Discount

Global Macro Strategy

Callum Henderson

Macroeconomics

* The multi-year USD rally has been powerful, but in my view will gradually end and reverse this year* Fed tightening is not necessarily USD-positive and will not be this time* The global economy needs a weaker USD, which will help loosen global monetary conditions* The focus of investors has switched from short beta to relative value - 'smart alpha'* Relative value in and between EM assets adds significant alpha to benchmarked portfolios

* The multi-year USD rally has been powerful, but in my view will gradually end and reverse this year* Fed tightening is not necessarily USD-positive and will not be this time* The global economy needs a weaker USD, which will help loosen global monetary conditions* The focus of investors has switched from short beta to relative value - 'smart alpha'* Relative value in and between EM assets adds significant alpha to benchmarked portfolios

Asia Calling: Relative Value in EM - From Short Beta to Smart Alpha

Indonesia

PT Matahari Department Store Tbk engages in the retail business for several types of products such as clothes, accessories, bags, shoes, cosmetics, household appliances, and management consulting services.

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Matahari Department Store (LPPF IJ)

Matahari Dept Placement: Well Known Indo Consumer Name, Now at Discount

PT Matahari Department Store's shareholders are placing shares worth US$159m. The deal scores well in our Smartkarma Placement Framework. The...

Ke Yan, CFA, FRM

Asia Calling: Relative Value in EM - From Short Beta to Smart Alpha

* The multi-year USD rally has been powerful, but in my view will gradually end and reverse this year* Fed tightening is not necessarily...

Callum Henderson

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)