JD.com Tencent Div Distribution - The US$10bn Overhang - Passives Might Have to Sell
On 23rd Dec, Tencent declared a dividend in the form of distribution in specie of 457.326m shares of JD.com, i.e. 1 share of JD.com for every 21...
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GEM Weekly (11 Mar 2022): Chinese Macro Data; Samsung Electronics, Swiggy, Naver, Yum China
The Global Emerging Markets weekly provides a summary of the key news and related developments impacting the largest countries and constituents of...
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Hyundai Heavy IPO Lock-Up - Last of the Insti Lock-Ups, Parent’s Shares Out of Lock-Up as Well
Hyundai Heavy Industries (HHI) was listed on Korea Exchange on 17th September, 2021. Its six month IPO lock-up will expire on 17th March, 2022.
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FSC and KRX Jointly Announce Revisions to Spinoffs and Double Listings in Korea
The new guidelines of the FSC and KRX regarding the spin-offs/double listings is positive and a step in the right direction to improve the...
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SBI Sumishin Net Bank Pre-IPO - Earnings Forecast and Thoughts on Valuations
SBI Sumishin Net Bank (SSNB) will be looking to raise around US$1.1bn in its upcoming IPO. In this note, we talk about our earnings forecast and...
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