Alibaba (9988 HK): Well Controlled Expense in 4Q22 and Forthcoming Turning Point in June, Buy
Operating margin improved in 4Q22 due to well controlled expenses in minor businesses. We believe the lockdown will continue to be softened. We set...
420 Views
Hang Seng Index Constituents
The Hang Seng index constituents have moved away from just local Hong Kong shares to being dominated by China H and China-centric shares
340 Views
Converge ICT Placement - Clean-Up and Buyback, Just in Time for the Index Inclusion
Warburg Pincus, aims to raise around US$138m via selling its 3.6% in Converge ICT (CICT). The sale will be accompanied by a company buyback and a...
525 Views
Delhivery IPO Trading - Anchor Book Was Good but Overall Demand Was Still Tepid
Delhivery raised around US$680m in its India IPO, the company is backed by a host of financial investors, the largest being Softbank. In this note,...
371 Views
BHP Woodside Distribution - Could Be a Large Block (~US$1bn) In Early June
BHP shareholders will receive US$18bn worth of Woodside petroleum shares on 1st Jun 2022, post the completion of the merger. Block, worth US$1.5bn,...
512 Views