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In today’s briefing:
- Chilled & Frozen Logistics (9099 JP): Irrational Exuberance Takes Hold
- Offshore China ETFs Rebalance Preview: Three Changes in June; Cutoff Today
- SENSEX Index Rebalance: And That’s a Googly
- Mainland Connect NORTHBOUND Flows (To 24 May 2024): Weak Net Buy, Weak Gross, Idiosyncratic Flows
- Monthly Container Shipping Tracker | Pricing Still Firm | Share Prices Converging | (May 2024)
- Pluxee (PLX.PA) – Sunday, Feb 25, 2024
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Chilled & Frozen Logistics (9099 JP): Irrational Exuberance Takes Hold
- Chilled & Frozen Logistics Holdings (9099 JP) shares are trading 85.7% above AZ-Com Maruwa Holdings (9090 JP) JPY3,000 offer due to the disclosure of four counterbidders.
- The white knight “winning” bidder can secure the Board’s recommendation if it is the highest offer (likely well below the last close) and does not result in AZ-COM Maruwa-type dis-synergies.
- AZ-COM Maruwa would face the dilemma of bumping, particularly if the white knight bidder secures irrevocables and the Board presents a compelling case to support the white knight bidder.
Offshore China ETFs Rebalance Preview: Three Changes in June; Cutoff Today
- Based on the close of 24 May, there could be three changes for the iShares A50 China (2823 HK)/ CSOP China A50 (HKD) (2822 HK) in June.
- COSCO SHIPPING (601919 CH), CRRC (601766 CH) and China National NuclearPower (601985 CH) could replace LONGi GreenEnergy (601012 CH), CSC Financial (601066 CH) and China Tourism Group DutyFree (601888 CH).
- There are a couple of stocks that are close adds and could become adds if they outperform higher ranked stocks in trading today.
SENSEX Index Rebalance: And That’s a Googly
- Adani Ports & Special Economic Zone (ADSEZ IN) will replace Wipro Ltd (WPRO IN) in the S&P BSE SENSEX Index at the close on 21 June.
- Adani Ports & Special Economic Zone (ADSEZ IN)‘s inclusion is a big surprise and there should be a move higher in the stock in the short-term.
- Wipro Ltd (WPRO IN)‘s deletion was expected and there is positioning in the stock. But there is a lot that passives need to sell too.
Mainland Connect NORTHBOUND Flows (To 24 May 2024): Weak Net Buy, Weak Gross, Idiosyncratic Flows
- The Quiddity Mainland Connect NORTHBOUND Monitor. Like the A/H Premium Monitor and HK Connect SOUTHBOUND Monitor. Lots of Flows/Position Tables and Charts with which to play.
- Last week saw NORTHBOUND net BUY RMB 0.8bn of A-shares on lower gross volumes. NORTHBOUND bought CATL, China Yangtze Power, and Luxshare. AH Premia bounced, but net volumes are suspect.
- There is some question as to whether the NORTHBOUND volumes to the buy side are all foreigners. Some suspect there is national team buying mixed in, as was expected.
Monthly Container Shipping Tracker | Pricing Still Firm | Share Prices Converging | (May 2024)
- Our index shows April pricing momentum remained positive in deep-sea trades
- Evergreen Marine posted strong revenue and earnings growth in Q124
- Container carriers have performed well YTD in 2024; we expect convergence
Pluxee (PLX.PA) – Sunday, Feb 25, 2024
- Pluxee is a spin-off company with a strong business model, offering an attractive investment opportunity.
- The company’s undervalued stock price and potential for growth make it a compelling choice for investors.
- With large insider ownership, new initiatives, and the Bellon family as controlling shareholders, Pluxee is expected to see improvements and long-term success.
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.