Merger Arb Mondays (07 Nov) - Yashili, Fengxiang, Kingston, Pendal, Perpetual, ReadyTech, Nitro
This week, the highest gross spreads are Alliance Aviation (53.2%), VNET (43.1%), 111 (30.7%), Pendal (29.9%), Genex (25.0%), O2Micro (19.0%),...
228 Views
China Consumer – Lacklustre 4Q22E Outlook Despite Any Short-Lived Rally; Top Buy CRB/ Proya/ CTGDF
3Q wrapped up with 2 beats, 2 in-lines and 2 misses. We revised our 2022E earnings forecasts by -1 to -23%, and that put us roughly 5-25% below...
145 Views
Yashili’s Widening Spread Is an Opportunity
While the pre-condition should be satisfied, both Danone and Mengniu have the incentive and the ability to waive conditions to satisfy the pre...
264 Views
Smartkarma Originals
China A-Share Consumer Staples: An Analysis of the Opportunities Ahead
China's A-share consumer staples are set to benefit from the government's policy to encourage domestic consumption. Their necessity nature also...
271 Views
Merger Arb Mondays (31 Oct) - Jinke, Fengxiang, Lifestyle, Kingston, Pushpay, Nitro, Elmo, DTAC/True
This week, the highest gross spreads are VNET (84.7%), Alliance Aviation (48.4%), 111 (40.2%), Genex (25.0%), O2Micro (19.3%), Fengxiang (14.6%),...
221 Views