China VAST: Pre-Condition Fulfilled for the China Jinmao Offer
The headcount test is not applicable, and this is a done deal. At the last close and for a year-end payment, the annualised spread is 4.0%.
249 Views
China VAST’s Underwhelming Privatisation Bid from China Jinmao
The offer price is unattractive to historical multiples and precedent transactions. We would be buyers up to HK$2.26 per share (implies 75% deal...
498 Views
Far East Hospitality Trust (FEHT): Beneficiary of Opening Up
ICA announced that Chinese tourists may enter Singapore by applying for Air Travel Pass without being quarantined if tested COVID-19 negative. FEHT...
475 Views
QUICKNOTE: Dorsett: Done. Dusted. Dirt Cheap. FECIL too.
I started my first piece on Dorsett saying "Stocks like Dorsett Hospitality (2266 HK) are the reason why value investors love what they...
463 Views
Dorsett Hospitality: Sellers leave BILLIONS on the table and it's easy to block; maybe it's a buy!
Under-covered, under-loved, misunderstood. Stocks like Dorsett Hospitality (2266 HK) are the reason why value investors love what they do. Jon...
416 Views