The Thailand Turnaround
The long-term decline in Thailand allocations among Asia Ex-Japan funds appears to be stabilising. We analyse the shift in sentiment among investors.
194 Views
ASIAN: Unlock Value and Potential Growth of AAI Via IPO
Maintain BUY rating and roll forward valuations to FY22E, with a new target price of Bt23 (up 5% from previous TP), based on 10.3xPE’22, which is...
210 Views
Towards A New Holdco As Asian Sea (ASIAN TB) Spins Off Pet Food Sub
Assuming a typical holding company discount of ~25%, I see little upside here. With a long-dated spin-off, I would expect shares to drift in the...
278 Views
The Week That Was in ASEAN@Smartkarma - Carousell to List, Astra International, and Ultrajaya Milk
The week that was in ASEAN@Smartkarma is filled with another eclectic mix of differentiated, substantive, and actionable insights from across South...
268 Views
C.P. Pokphand’s Privatisation Bid from CPF
CPP announced a privatisation offer from CPF at HK$1.15 cash for each scheme share. Overall, we think the offer price is attractive and that the...
588 Views