IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

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Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

Event-Driven

<ul>
<li>Unsurprisingly, the independent financial advisor (IFA) considers <a href="https://www.smartkarma.com/entities/wt-microelectronics-co-ltd" target="_blank" data-smartkarma-citation="entities:19712:1" rel="noopener">WT Microelectronics (3036 TT)</a>'s S$1.93 offer for <a href="https://www.smartkarma.com/entities/excelpoint-technology-ltd" target="_blank" data-smartkarma-citation="entities:1774:1" rel="noopener">Excelpoint Technology (EXLP SP)</a> to be fair and reasonable. We think that IFA’s valuation approach is sound. </li>
<li>The key condition is approval from shareholders and regulatory authorities (Taiwan pending). The scheme meeting is scheduled for 3:00 pm on 10 August. </li>
<li>We continue to think that offer is attractive. At the current price and for the 15 September payment date, the gross and annualised spread is 0.5% and 3.1%, respectively.</li>
</ul>


Unsurprisingly, the independent financial advisor (IFA) considers WT Microelectronics (3036 TT)'s S$1.93 offer for Excelpoint Technology (EXLP SP) to be fair and reasonable. We think that IFA’s valuation approach is sound. 
The key condition is approval from shareholders and regulatory authorities (Taiwan pending). The scheme meeting is scheduled for 3:00 pm on 10 August. 
We continue to think that offer is attractive. At the current price and for the 15 September payment date, the gross and annualised spread is 0.5% and 3.1%, respectively.


Excelpoint’s Scheme Meeting on 10 August, IFA’s Opinion

Hong Kong

Mobicon Group Limited, through its subsidiaries, trades electronic parts and components, as well as computer products and accessories.

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Mobicon Group (1213 HK)

Excelpoint’s Scheme Meeting on 10 August, IFA’s Opinion

We continue to think that offer is attractive. At the current price and for the 15 September payment date, the gross and annualised spread is 0.5%...

Arun George

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