Ausnutria’s Potential Conditional MGO from Yili
The completion of the agreements will result in Yili owning 34.33% voting rights, triggering an MGO at HK$10.06 per share. However, we think...
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Ausnutria in Trading Halt - Will Yili Lob an Offer?
Bloomberg reported on 1 Oct that Yili is weighing a bid for Ausnutria. We look at the strategic rationale for Yili/Ausnutria combination and take a...
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Asia Shorts: HKEX, Mengniu, Kuaishou, AIA, Sharp, Yaskawa, Kumho, HMC, Celltrion, TSMC, Yang Ming
The Insight looks at large short interest movements across HK, Japan, Korea and Taiwan stocks and highlights large increases/decreases in shorts to...
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Consumer Staples: EM Managers Positioned at All-Time Lows
Consumer Staples allocations have fallen to their lowest levels in over a decade. A 5-year decline in Consumer Staples exposure was compounded by...
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Priced At a Premium, But Preferred Over Peers As a Thematic Investment
Youran is priced at a premium but we still prefer Youran over China Modern Dairy as a thematic investment in China's upstream dairy consolidation.
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