CAR Inc’s Conditional VGO from MBK Partners
CAR announced a pre-conditional voluntary cash offer at HK$4.00 in cash per share. Overall, we think that offer will garner enough acceptances to...
414 Views
CAR Inc in a Privatisation Play?
Car Inc (699 HK) provides car rental services, including car rentals and fleet rentals in China. On Thursday, a Reuters article claimed that a...
360 Views
66 HK and SBUS SP: Attack on HK Metro Signals Increases in Transport Operators' Costs
Extending my point about more demanding transportation frameworks going forward (see ComfortDelGro FY16 Results: An Era Where Competition Hits a...
3.2k Views
Commercial EVs and Autonomous Vehicles in China: Don't Miss the Bus! (Part 2 of 3)
In our October 11th note Commercial EVs and Autonomous Vehicles in China: Pace of Adoption May Surprise (Part 1 of 3) we argued that the pace of...
493 Views
Global Port Operators - Reasonable Valuation Supports M&A Activities
Reasonable port valuation supports M&A activitiesNote: Market-weighted EV/EBITDA ticked higher from FY14 level of 14.8x to 15.0xSource:...
3.6k Views