Thailand Future Fund IPO Trading Update - By the Locals for the Locals
Thailand Future Fund (TFFIF TB) IPO was done at the top-end of its range raising around US$1.4bn, at an implied a yield of 4.75%. Post its first...
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Thailand Future Fund IPO - Will Be Driven More by Retail, Lacks Upside
Thailand Future Fund (TFFIF TB) plans to raise up to US$1.3bn (excluding Ministry of Finance (MoF) tranche) to fund the purchase of a 45% stake in...
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Transurban Retail Short-Fall - Quick Take - Much Better Positioned Now
Transurban Group (TCL AU) plans to raise US$290m/AUD396 as a part of its retail short-fall bookbuild. We had earlier covered its entitlement offer...
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Transurban Entitlement and Short-Fall - Long-Term Value Accretion with Short-Term Earnings Drag
Transurban Group (TCL AU) plans to raise A$4.2bn through a 10 for 57 Entitlement Offer. Proceeds will be used to fund the purchase of WestConnex in...
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A Tactical Tilt at Interest Rate Sensitives
We remain underweight interest rate sensitive stocks. The rise in global yields has been driven by Fed policy alone, and this looks set to continue...
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